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Sustainable development wins project of the year

"We are thrilled to be honoured in this way. We've spent a long time developing the final master plan with our global design studio resort planners Woods Bagot and we are delighted with the results," said Ravin Maharajah, partner at Lalzit Bay Resort & Spa.
"We are keen to attract both local and international buyers, and to this extent, sustainability and environmental awareness are key factors in delivering what our customers want to buy. It's also crucial that we help lead the way in developing a sustainable Albanian tourist economy which is now starting to grow quickly," he added.
The judges analysed the entries across a set of criteria including project design, sustainability, location and on-site services.
Maharajah said that the project's high quality infrastructure and strong commitment to the environment using natural, recyclable materials in its construction as well as using timbers and local stone across the resort to ensure the design perspective is consistent with a beach resort had impressed the judges. On a social level, Lalzit Bay also uses locally sourced materials that contribute to the local economies.
The awards were part of Albania's 2nd RealEX conference held in the Palace of Congress in Tirana, Albania attended by Prime Minister Sali Berisha as well as construction and real estate professionals from across the globe. The highlight of the evening saw American business magnet Donald Trump appear on a live video feed conducting a Q&A session on the real estate industry.
During the course of the three day conference, Lalzit Bay Resort unveiled their new 1:1000 scale model of the entire resort master plan and will be presenting their grand design ideas in numerous countries in the coming months.
Indeed, while construction is in the final planning and scheduling stages, sales have been developing very quickly seeing rapidly growing interest in both Lalzit Bay and Albania with around 60% of pre-sale apartments released to the market having already been purchased.