Why should you invest in Ozonhill
OzonHill is designed as a modern project on an area of 110 000 sqm2 with over 150 projected urban plots on which it is planned to build 300 housing units and supporting facilities (office space with sports and entertainment facilities – mega market with a mini business center and the accompanying facilities).
Modern Design
Our architects have carefully planed each part of this project making it modern and appealing.
Customizable
OzonHill can be a subject of changes and you can addopit it according to your needs and whishes.
Great communication
All the important facilities are near - five minutes away from school, university and hospital.
Great location
OzonHill is near the center of Novi Pazar and is surrounded by moutains and rivers.
Privacy matters
Privacy is very important to us, and OzonHill is putting it on the next level.
Your investment pays off
The expected time for completion of the project should be at most 5 years from the start of work.
OzonHill
OzonHill is designed as a modern project on an area of 110 000 sqm2 with over 150 projected urban plots on which it is planned to build 300 housing units and supporting facilities (office space with sports and entertainment facilities – mega market with a mini business center and the accompanying facilities).
Ozonhill is a project of the FA-EN-BI d.o.o. company and its founder, Enver Sukurica.
The company "FA-EN-BI" d.o.o. is headquartered in Novi Pazar and its business activity has lasted for almost two decades. Up until now the company has had a wide range of business activities with an emphasis on investment in construction and real estate.
Project OzonHill
Square feets of land
Square feets of living space
Housing units
Panorama hotel & Shopping mall
Project description
In the attachment, there is also the information about the location which exists in all of the planning documents of the town of Novi Pazar (general and detailed urban plan), according to which on this location building can be done by the following structure:Po+Su+Pr+2Sp+Pk but in exceptional occasions Po+Su+Pr+4Sp+Pk,which means that if glued houses are built, then duplexes, triplexes or ,because of ideal slight slope of the terrain and house divisible vertically and horizontally with bottom and top entrance, business areas with sport - recreational and entertaining character could be built.
However, if only blocks of flats where on one part of the plot was a business center with a hypermarket (Novi Pazar is the only town of its size in Serbia that doesn't have a single shopping center), which would be a mini city, modeled like similar projects in other major cities, were built - it would be possible building permit to build the entire 168,000 square meters. The land is legally property regular 1/1, it is the general detailed plan of the city and urban development have been resolved and it is possible to start with the project and works straight away.
Period of Completion
Given that the project is ready for implementation (construction is permitted and the allotment is executed, the road network is completed without the final base).
The project is in the planning documents of the town of Novi Pazar. The project has no restrictions of any kind (mortgages, the prohibition of disposal etc). The expected time for completion of the project should be at most 5 years from the commencement of works.
There is a possibility of completing the project in 3 to 6 separate stages, except that in the first phase infrastructure, sports, recreational and entertainment facilities, office space as well as part of the residential units, would be built.
Financial and Market analysis
Market Analysis
Town of Novi Pazar has 150 000 inhabitants center of the region which has a population of 700 000 people from the area.
The region has the largest diaspora, hundreds of thousands of people in Europe and over 1.5 million in Turkey, which are in fact the best buyers of real estate in our region. Novi Pazar is one of the youngest towns in Europe. The town whose official average age of the population is 33 years, the town with the numerically significant population of young people, who are surely the future potential buyers of residential buildings.
Novi Pazar is a student town.
This is a town with traditionally the most expensive land in Serbia and interestingly with the most stable average price of housing in the country, in the last fifteen years, ranges from 900 to 1 200 euro / sqm2, but for office space up to 4 000 euro / sqm2.
For bying the realestate in Novi Pazar not only the residents of the near cities, but also our diaspora living and working in European cities and are apx 2 milion.
Also, the eminent experts from UAE have shown that the buyers could be also Arabs, because in Novi Pazar there are 70 masjids and over 90% are Muslims peoples. All the restaurants are HALAL, beautifull nature, air, rivers, mountains, that for the peoples represent enjoyments and quality of the life.
FINANCIAL ANALYSIS
We haven't done the main project because we expect a business partner who would give his suggestion in line with his budget or an adequate buyer for the whole parcel. However, according to the eminent experts from the civil engineering industry: - The cost of the system "turnkey" would be from 315 to 480 EUR / sqm2 with paid utility taxes, and charges for a building permit, with no infrastructure, depending on the quality of construction, what would make a total investment of designing 168 000 sqm2 of 52 920 000 to 80 640 000 euro + cost of infrastructure (water, electricity and access roads whose financing would involve the local government – town too).
| The cost with no infrastructure and land values expressed in euro | The minimum selling price in euro | Projected earnings in euro | |
|---|---|---|---|
| Per sqm2 | 315 - 480 | 915 - 1190 | 600 - 710 |
| For 168.000 sqm2 | 52 920 000 – 80 640 000 | 153 720 000 – 199 920 000 | 100 800 000 – 119 280 000 |
The value of infrastructure (electricity, water, sewage and redevelopment of roads, depending on the agreement with the local government) would be in the range of 40 to 45 euro / sqm2.
The value of land is 7 125 000 euro. Which accounts abouth 8,8% of the value of total investment (I would change for real estates in Dubai in the amount). According to eminent experts in the area of real estate, this project is an excellent business opportunity.
What is near?
LOCATION
Neighborhood called “Parnicko brdo” which is 2.5 km far from Novi Pazar, has a view of the slopes of the mountains Kopaonik, Rogozna, Golija and Turjak, the monastery “Djurdjevi stupovi”, as well as the larger part of the town of Novi Pazar.
The land is located at about 600 meters above sea level and it is separated from the town by a several decade old pine forest, which stretches over several hectares and is owned by the state, which is why this place is called "Lungs of the city" and "Air spa".
Europe Informational Map
Europe, the Western Balkans, the Republic of Serbia. Novi Pazar - center of the Sandzak region with about 700 000 inhabitants.
Distace in km
| Belgrade, the capital of the Republic of Serbia | 280km |
| Skopje, the capital of the FYRM | 189km |
| Podgorica, the capital of the Republic of Montenegro | 219km |
| Sarajevo, the capital of The Federation of Bosnia and Herzegovina | 280km |
| Pristina (international airport) | 109km |
| Kopaonik, the largest winter tourist center of South East Europe | 45km |
| Kraljevo (international airport), Republic of Serbia | 95km |
Contact Info
- Phone: (381) 65 86 99 999
- Phone: (381) 64 869 78 04
- Mitrovacka bb, Novi Pazar, Serbia
- info@ozonhill.rs
The company "FA-EN-BI" d.o.o. is headquartered in Novi Pazar and its business activity has lasted for almost two decades. Up until now the company has had a wide range of business activities with an emphasis on investment in construction and real estate.