Ipoteka bank OTP Group Offers Developers and Construction Companies Project Financing of Up to 70% of Project Budget
Ipoteka bank OTP Group has announced the launch of its “Real Estate Construction Project Financing” product — a modern solution for developers, investors, and construction companies that enables them to attract bank financing under transparent and controlled conditions.
The product has already been developed and is available for financing residential and mixed-use real estate projects (residential properties with commercial infrastructure). Under the program, the bank can finance up to 70% of the project budget, providing developers with access to substantial financial resources for the implementation of modern construction projects.
Project financing is becoming especially relevant today amid the rapid growth of construction volumes in Uzbekistan and increasing demand for modern financing mechanisms in the construction sector.
Project financing contributes to greater transparency in the real estate market, reduces risks, and strengthens trust among buyers and investors.
At the parties’ discretion, an escrow mechanism and a control system through a state digital platform may also be applied. This ensures that buyers’ funds are held in escrow accounts and used exclusively for their intended purpose, while also enabling project monitoring at every stage of construction.
“Real estate construction project financing is a tool that helps the market transition to a more transparent and sustainable development model. We are creating conditions in which developers gain access to financing, while project implementation is monitored at every stage,” said Irakli Elashvili, Deputy Chairman of the Management Board of Ipoteka bank OTP Group.
Ipoteka bank OTP Group views the development of project financing as an important step in supporting the construction industry, increasing confidence in development projects, and introducing modern real estate financing standards in Uzbekistan.
The product has already been developed and is available for financing residential and mixed-use real estate projects (residential properties with commercial infrastructure). Under the program, the bank can finance up to 70% of the project budget, providing developers with access to substantial financial resources for the implementation of modern construction projects.
Project financing is becoming especially relevant today amid the rapid growth of construction volumes in Uzbekistan and increasing demand for modern financing mechanisms in the construction sector.
Project financing contributes to greater transparency in the real estate market, reduces risks, and strengthens trust among buyers and investors.
At the parties’ discretion, an escrow mechanism and a control system through a state digital platform may also be applied. This ensures that buyers’ funds are held in escrow accounts and used exclusively for their intended purpose, while also enabling project monitoring at every stage of construction.
“Real estate construction project financing is a tool that helps the market transition to a more transparent and sustainable development model. We are creating conditions in which developers gain access to financing, while project implementation is monitored at every stage,” said Irakli Elashvili, Deputy Chairman of the Management Board of Ipoteka bank OTP Group.
Ipoteka bank OTP Group views the development of project financing as an important step in supporting the construction industry, increasing confidence in development projects, and introducing modern real estate financing standards in Uzbekistan.
