Housing and Development Properties (HDP), the real estate development arm of the Housing and Development Bank, has announced the launch of its new residential project, Grand Lane, in New Cairo, with total investments estimated at approximately EGP 50 billion. Grand Lane features an integrated master plan that includes commercial zones, a social club, landscaped gardens, and a range of recreational facilities. A central green corridor, known as the Green Spine, extends through the project for approximately 1.7 kilometres, enhancing connectivity and walkability. HDP CEO Hossam Eissa added that Grand Lane is designed to create a balanced residential environment that seamlessly integrates housing, everyday services, and expansive green spaces within a unified urban framework. The launch of Grand Lane forms part of HDP’s broader strategy to expand its portfolio of residential developments across Egypt’s new urban communities.

Source: Daily News Egypt January 20, 2026 18:58 UTC