The main Black Sea resort of Georgia Batumi is developing dynamically. Over the past decade, the appearance of the city has changed dramatically. Batumi has grown, its infrastructure has expanded incredibly, dozens of new modern neighborhoods with fantastic skyscrapers have appeared.
This rapid development has turned the capital of the autonomous Ajara region into one of the most attractive and promising destinations in Georgia for international investment. For a very limited amount of time, the economy of Adjara has reached a qualitatively different level.
And this process does not stop. The authorities of the autonomy continue to work on reforms, developing and implementing new projects for the development of the region and its capital Batumi.
Relocation of the Batumi airport
In particular, since summer 2018, the authorities of Adjara discussed the possibility of relocation of the Batumi international airport. Details of the project have not yet been disclosed. But it is known that at the moment a major technical and economic study is continuing. According to its results, the final decision on the relocation of the airport will be made.
Representatives of the Supreme Council of Adjara voiced various versions of the new location of the airport. Some suggested to build it in the city of Kobuleti, which is 30 km away from Batumi, others suggested the village of Meria in Guria, where there is an abandoned military airfield of Soviet times, which is currently not functioning.
Experts of the transport industry of Georgia consider it extremely unreasonable to leave the main sea resort of the country without an airport. Members of the Legislative Assembly also recognize the exceptional importance of Batumi airport for the development of the investment potential of the region. And it is not clear what decision will be made.
Extension of the Batumi Boulevard
This conceptual initiative has been discussed in the government of Adjara since 2018. In December, a few days before the New Year, Prime Minister of Adjara Tornike Rizhvadze announced a project to extend the Batumi Boulevard to the village of Gonio.
The initiative was supported by the government of Georgia and its implementation will be carried out jointly with the Asian Development Bank ADB, with funding of which Georgia has already implemented a number of major projects, particularly construction of the tunnel to the Georgian-Russian border, the reconstruction of the Tbilisi metro system, construction of a bypass road in Batumi and others.
The work on the project is continuing, a feasibility study is being conducted. Adjara authorities expect that the extension of the main attraction of Batumi – the Primorsky Boulevard - to Gonio will be a historic event. This project should give a new powerful impetus to the development of the city, the region and the country as a whole.
Reconstruction of the coastline
As part of the program to improve the infrastructure of the resort, the coastal zone and the beachline of Batumi will also be reconstructed. The project will be financed by the same Asian Development Bank.
It is planned to clean 2,000 meters of coastline in the old part of the Boulevard, including garbage collection at the bottom of the sea off the coast, as well as pumping mud from the shore with a special pipeline.
A temporary storage facility will be built for the garbage, which will later be recycled. The cleaned pebbles will cover the low coastal levels - this will change the topography of the seabed and significantly improve its performance.
The coastline on the new Boulevard will be strengthened through 2,000 meters. Existing today voids and niches near the coast will be filled with stones by special technology, this will make the coast stable and resistant to natural forces.
The coastline will be increased, the beaches will be wider, beautiful and comfortable for vacationers.
What are the prospects for investors?
After the implementation of the initiatives announced by the government of Adjara, the current border between the city (Batumi) and the suburbs (Gonio) will become the conditional center of a huge conglomerate, which is formed in the new part of the Boulevard.
This opens up great prospects for investors who will have time to invest in existing residential projects on the New Boulevard.
The most complete list of objects for investment on the new Boulevard of Batumi we have collected for you at the link https://geoln.com/en/georgia/batumi
Special attention should be paid to the innovative project located on the new Boulevard - BI Residence Batumi. The complex is being built in accordance with the new regulations on European quality standards.
In addition, the future expansion of the city limits and the development of new territories gives investors the opportunity to buy square meters at an affordable price in the new area in advance, and subsequently earn an increase in the cost of already completed housing.
Among the advantages of the new district, it should be noted that in accordance with the changed regulations in the field of construction, in all new houses, the arrangement of facades of economy class is prohibited. The newly built buildings will have a modern stylish and respectable look. It is also supposed to have a developed infrastructure, including the construction of large shopping centers, a huge park area, a new beach designed by one of the leading Dutch companies.
The potential of these territories is huge, according to experts GEOLN.COM there are no prerequisites for reducing the investment attractiveness of the Batumi real estate market. On the contrary, the demand for housing by the sea is steadily growing, the tourist flow is increasing, annually setting new historical records.
Selection of the TOP 10 best offers in the real estate market of Batumi