aurra Aurra
THE PROJECT

Overview

Aurra Residences is a high-conviction, gated residential development strategically engineered to capitalize on a critical supply-demand imbalance in the Sighnaghi region. As the region’s first modern, "City Standard" residential project, Aurra is positioned to serve as the primary destination for local residents seeking a lifestyle upgrade and urban investors seeking a secure weekend retreat.


Project Highlights

  • Asset Type: Modern Multi-Storey Gated Community—the first of its kind in the region.
  • Strategic Location: Situated near Sighnaghi, the "City of Love" and a primary tourist hub, ensuring high secondary-market liquidity.
  • Unit Mix: Studio, 1 BHK, and 2 BHK configurations
  • Retention-Driven Amenities: On-site swimming pool, fitness club, café, child-friendly recreation zones, pharmacy, and grocery store provide a "live-work-play" ecosystem
  • Asset Protection: Managed environment with 24/7 CCTV, controlled access, and underground parking—essential for "absentee" owners and weekend investors from Tbilisi and other parts of Georgia.
Overview Image
200 +
FINISHED
APARTMENTS
$ 16M
PROJECTED
REVENUE
18-24%
TARGET EQUITY
RETURNS
$ 0.7M
LAND MARKET
VALUE
$ 1M
INITIAL CAPITAL
REQUIRED
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WHY THIS PROJECT

Strategic Rationale

Structural Supply-Market Arbitrage:

Capturing the massive deficit of modern housing in Signaghi as regional prosperity shifts buyers from villages to towns.

First-Mover Advantage:

As the region's only institutional-grade project, Aurra aims to set the pricing benchmarks and command early market dominance.

Stability-First Model:

Driven by long-term owner-occupiers, insulating investors' capital from tourism cycles and speculative bubbles.

Asset Stickiness:

Integrated on-site retail and wellness (pool/gym) will drive 15%-20% higher valuations compared to standalone builds.

De-Risked Execution:

Phased construction aligns capital deployment with verified demand, materially reducing market exposure.

Location

Why Sighnaghi?

Sighnaghi represents a high-conviction investment play based on structural undersupply and rising regional wealth. While the region is a global tourism icon, its residential infrastructure is trapped in the 20th century, creating a lucrative entry point for Aurra Residences.

The Structural Supply Gap

  • The Deficit: ~95% of the current housing stock consists of aging traditional houses with few modern amenities.
  • The Mismatch: Zero institutional-grade gated communities currently exist to serve the growing demand for "City Grade Living"

Resilient "End-User" Fundamentals

Unlike purely speculative markets, Sighnaghi is anchored by a stable permanent population of ~18,000 residents.

  • Market Stability: Demand is driven by local household formation and village-to-town migration.
  • Purchasing Power: Regional disposable income has seen a ~14.2% YoY increase, fueling the transition from ancestral homes to "City-Standard" apartments.

Regional Demographics & Key Drivers

  • Core Population: ~18,000 residents in the Sighnaghi region.
  • Economic Drivers: The region is powered by a "Triple-Threat" economy:
  • High-Yield Agriculture: Record-breaking wine and nut exports providing "lump-sum" capital for local buyers.
  • National Tourism: A cornerstone of Georgia’s $4.4B tourism sector, ensuring Sighnaghi remains a global "must-visit" destination.
  • Public & Service Sector: A growing middle class of salaried professionals seeking premium living options.
  • Urbanization Catalyst: A new generation of working-age adults (Ages 25–40) is the primary demographic engine. This group is actively seeking independent, amenitized living standards currently only offered by Aurra.
Regional Disposable Income Growth Chart
Market Forces Chart
SUPPLY & DEMAND

Market Dynamics: The Massive
Housing Deficit

The Kakheti region is currently experiencing a "Market Mismatch." While the regional economy has modernized, the housing stock remains largely unchanged from the past. This creates a high-pressure demand for replacement housing.

The Macro Deficit (Kakheti Region)

  • Total Market Size: ~60,000 Households.
  • The Replacement Trigger: 70% (~42,000 units) of existing inventory is classified as "obsolete" or "structurally deficient." This is not just a preference for new homes; it is a critical need for structural safety and energy efficiency.
  • Future Projection: Long-term demand is forecasted at 15,000+ units over the next 5 years, yet the regional pipeline currently

The Micro-Opportunity (Sighnaghi Micro-Market)

Sighnaghi acts as a high-density "pressure cooker" for this demand due to its status as a tourism and administrative hub.

  • Verified Demand: 900 units (Sighnaghi region).
  • Current Modern Supply: <50 units.
  • The Alpha: Aurra Residences enters a market where demand outstrips supply by a factor of 18:1.
Chart data
KEY DEMAND DRIVERS

Strategic Buyer
Segments

Chart data

Young Professionals & Working Families (60%)

The Profile: Upwardly mobile young professionals and expanding families currently residing in multi-generational ancestral homes or obsolete Soviet-era housing.

The Motivation: A structural shift toward independent living and "City-Standard" quality. These are aspirational buyers prioritizing modern efficiency, security, and dedicated lifestyle amenities.

The Lifestyle Upgraders: Transitioning to Quality (20%)

The Profile: Mature families, business owners, and local professionals (ages 40-60) living in large, traditional houses or congested, Soviet-era apartments. While these homes have sentimental value, they often suffer from high maintenance costs, poor thermal insulation, and a lack of modern security.

The Motivation: Instead of maintaining sprawling homes, they want to move into a secure, energy-efficient, and managed environment. They prioritize comfort, proximity to town-center amenities (cafés, pharmacies, gyms), and the prestige of a gated community.

Retirees and Empty Nesters (10%)

The Profile: Retired professionals, former business owners, and older couples-both local Georgians and returning expatriates-who no longer require the big space of a multi-story traditional home.

The Motivation: This segment seeks a low-maintenance living space in a serene setting with modern conveniences like elevators, pharmacies, and walking trails.

Lifestyle-Driven Urbanites (10%)

The Profile: Young tech professionals, digital nomads, and affluent families (Ages 30-45) living in Tbilisi's central districts (Vake, Saburtalo).

The Motivation: Ecological & Mental Health. They yearn for "The 2-Hour Reset"-fresh air, panoramic mountain views, and the silence of the Alazani Valley, but they refuse to sacrifice high-speed internet, security, or modern gym/café facilities.

The Tactical Need: They seek "Lock-up-and-Go" security. A gated community with 24/7 CCTV is non-negotiable for an owner who only visits 2-3 times a month.

Investment & Economic Fundamentals

Why Georgia

Georgia has emerged as one of Eastern Europe's most business-friendly and reform-driven economies, combining consistent GDP growth, rising purchasing power, and a highly favourable tax environment. Over the past several years, the country has demonstrated resilience across economic cycles while continuing to attract foreign capital into real assets.

Unrivaled GDP Growth Georgia has displayed remarkable resilience, outperforming nearly all regional and European peers.

  • The Data: Following double-digit growth in 2021 (10.60%) and 2022 (11.00%), the economy maintained 7.50% in 2023 and an estimated 9.40% in 2024. Projections for 2025 remain strong at 7.25%, nearly double the average of EU candidate countries.

Real Purchasing Power & Wealth Creation

  • The Data: Real wages and purchasing power parity (PPP) have seen consistent upward shifts. Since 2019, Georgia has been classified by the World Bank as an upper-middle-income country. GDP per capita (PPP) is already outperforming several EU candidate countries.

The World's Most Investor-Friendly Tax Regime

To maximize Net ROI, Georgia offers one of the simplest tax structures globally:

  • 0% Corporate Tax: No tax on profits that are retained or reinvested into the project.
  • 5% Flat Tax on Rental Income: Significantly lower than the 25.00% standard found in parts of the EU.
  • 0.10% Property Transfer Tax: Unlike many countries, Georgia charges a symbolic registration fee.
  • 0% Capital Gains Tax: Assets held for more than 2 years are exempt upon sale.
  • Residency by Investment: A $300,000 investment in real estate grants permanent residency for the investor and their family.
Annual GDP Growth
Rising Wealth
Tax Efficiency
Georgia Real Estate Sector: Revenue & Transaction Velocity
GROWTH STORY

Real Estate sector
of Georgia

Over the last 7 years, Georgia's real estate sector has evolved from a local market to a sophisticated international investment hub. This growth is not just limited to volume, but is characterized by a significant move towards premiumization.

  • Sustained Capital Growth: Between 2018 and 2024, property values in key growth corridors have surged by over 74%. Even during global economic shifts, the Georgian residential market showed a "flight to quality," with new, modern developments consistently outperforming older stock.
  • A Shift to the Regions: While Tbilisi was the initial driver, the "Second Wave" of growth is now hitting the Kakheti region (Signagi). As infrastructure improves—including the new high-speed highway to Kakheti—tourist and investor interest is pivoting toward the regions and Tier 2 & Tier 3 towns..
  • EU Candidacy & Value Convergence: As Georgia moves closer to EU alignment, property prices are expected to follow the trajectory of other Eastern European nations (like Poland or the Baltics), where prices spiked significantly in the years leading up to and following closer European integration.
Execution

Development
Phasing

Aurra Residences will be developed through a block-by-block construction approach, comprising three residential blocks of approximately 5,000 sqm each, delivering 300+ Apartments across the full project.

Each block represents a separate development phase and is executed sequentially.

Phase 1 Icon

PHASE 1

  • Development Area: Appr. 5,500 m2
  • Estimated Residential Units: 90–105 Units
  • Soft Launch Phase: Legal structuring, architectural and engineering design, statutory permits and approvals, branding, marketing, and presales
  • Execution Phase: Full project launch covering utility connections, civil and structural works, and construction
  • Estimated Timeline: 36 months
$2M
ESTIMATED
DEVELOPMENT COST
$3.5M +
PROJECTED
REVENUE
Phase 2 Icon

PHASE 2

  • Development Area: 5,500 sqm
  • Estimated Apartments: 95–105 units
  • Scope: Construction of the second residential building within the master-plan
  • Strategic Objective: Scale-up development based on confirmed Phase 1 sales traction and demand.
  • Execution Approach: Capital-efficient rollout using proven design & contractors
  • Timeline: 14–18 months
$1M
ESTIMATED
DEVELOPMENT COST
$3.5M +
PROJECTED
REVENUE
Phase 3 Icon

PHASE 3

  • Development Area: 5,500 sqm
  • Estimated Apartments: 100–110 units
  • Scope: Development of the final residential building, along with completion of the project in-house amenities.
  • Execution Focus: Final inventory release, pricing optimization, and activation of amenities to support sell-through and price uplift
  • Estimated Timeline: 12–16 months
$1M
ESTIMATED
DEVELOPMENT COST
$3.5M
PROJECTED
REVENUE
Milestones

Project Development
Timeline

Project Development Timeline Gantt Chart

Milestone Deep-Dive

1. Planning & Approvals (Q1–Q2 2026) Finalization of architectural technicals, environmental impact assessments, and securing all municipal building permits. This phase ensures the project is fully "Shovel-Ready."

2. Sales & Marketing Launch (Q2 2026 – Ongoing) The official market entry. We initiate a high-impact digital and regional campaign targeting our Strategic Buyer Segments. Early-bird incentives will be utilized to secure the 30% pre-sale threshold required for construction mobilization.

3. Construction Commencement (Q3–Q4 2026) Breaking ground on the structural foundation and site preparation. This milestone triggers the first significant draw-down of construction capital and signals the project's tangible progress to the market.

4. Structural Completion (Q1–Q2 2027) Reaching "Topping Out"—the completion of the main concrete skeleton and building envelope. This stage traditionally leads to a second surge in sales as the risk of non-delivery is virtually eliminated.

5. Finishing & Initial Handover (Q3–Q4 2027) Interior fit-outs, landscaping of common amenities, and final inspections. Owners begin moving in, and the operational management team takes over site maintenance and retail services.

INVESTMENT

Strategy & Capital
Efficiency

The project's financial structure is designed to prioritize capital protection, phased value creation, and less dependency on external leverage. Key elements of the economic model include:

Phased Execution

Development and sales are structured on a phase-by-phase basis, allowing capital to be deployed progressively in line with construction milestones.

Cost & Execution Control

Phased construction allows tighter cost control, risk management, and adaptability to market conditions.

Infrastructure Leverage

Core infrastructure is established upfront and utilised across all development phases, creating operational efficiencies and improving unit economics as the project scales.

Capital Optimisation

Initial capital is strategically deployed to establish the development platform, with subsequent phases increasingly supported by internally generated cash flows and sales proceeds.

Conservative Capital Structuring

The capital framework is intentionally structured without reliance on aggressive leverage, preserving balance-sheet strength and downside protection under conservative assumptions.

Aligned Interests

The investment structure prioritises capital preservation in early phases while enabling participation in long-term value creation, ensuring alignment between investors, the developer, and end users.

Project Economics (All Phases)

$16.5M +
PROJECTED TOTAL
REVENUE
$11M +
TOTAL DEVELOPMENT
COST
$1M
CAPITAL REQUIREMENT
(PHASE 1)
15000m2
SALEABLE AREA
42-48Months
DEVELOPMENT & SALES
HORIZON
$700/m2
AVERAGE SELLING PRICE
4-5Years
PAYBACK PERIOD
2.5X
EQUITY MULTIPLE
> 2.5
AFFORDABILITY
INDEX
$19M
EXIT VALUATION
POTENTIAL
Return on Investment

$1M

Investor Contribution

$2M

Return to Investor

2.03x

ROI Multiple

Net Investor Profit

2.0 years

Investment Term

22.4 p.a.

Annualized Return

Investment Structure

Investment Type

Convertible Note

Investment Amount

$1,000,000

Term

24 months

Base Return

8% p.a.

Profit Share

50%

Investor Capital Protection

Capital Returned First

Exit Option

2-Year Exit or Equity Conversion

Equity Conversion

Optional equity conversion (cap: $2.5–$3.0M)

Note : Complete details available in the Investment Memorandum

Investment

Investment Scope

Phase 1

Currently inviting select investors to participate in Phase 1 of the development. This phase establishes the project platform, encompassing full design, approvals, branding, marketing, and construction. The investment structure prioritises capital protection with clearly defined payback mechanics. Subsequent phases are designed to build on Phase 1 execution progress.

Capital Requirement

  • Total Phase 1 Development Cost: $2.5 million
  • Investor Funds: $1.5 million
  • Pre-Sales Contribution: Targeted at ~30% of the total saleable area, supporting construction funding and reducing debt exposure.

Capital Deployment

Soft Launch Phase – 20% | $0.5 million

  • Legal structuring, architectural design, and regulatory approvals
  • Branding, marketing, and pre-sales execution

Hard Launch Phase – 80% | $2.0 million

  • Core construction, utilities, and engineering works
  • Phased construction payments with milestone-based disbursement to ensure cost and timeline control
Investment

Investment Performance Comparison

Signagi (Georgia): While major hubs like Tbilisi show yields of 7.42% to 7.9% in early 2026, high-demand resort regions like Signagi in Kakheti command a premium due to lower entry costs and a massive supply gap.

Dubai (UAE): Mid-market areas like JVC show yields of roughly 7–8%, while prime areas like Dubai Marina have moderated to the 5–6.5% range. Capital appreciation is stabilizing at 5–8% after a 60% surge in previous years.

Pune (India): Luxury rental yields in Pune and Gurgaon are currently benchmarked between 3% and 3.5%. Capital appreciation in high-growth corridors like Pune’s Baner-Hinjewadi belt is strong at 8–12%.

Portugal (Europe): Rental yields in Lisbon’s central district have compressed to 3–3.5%, while emerging residential zones reach up to 5%. Appreciation has moderated to roughly 4.5%–7% as the market matures.

Market
Location
Rental Yield
(Avg)
Capital
Appreciation
Total IRR
(3-Year)
GEORGIA 9% – 12% 12% – 15% 18% – 22%
UAE 6% – 8% 5% – 8% 11% – 14%
INDIA 3% – 5% 8% – 10% 10% – 13%
EUROPE 4% – 5% 4% – 5% 8% – 10%

Source Credits: Data compiled from TBC Capital 2025, Knight Frank Global Outlook 2025–2026, Global Property Guide (Q1 2026), JLL India, and PWC Emerging Trends in Real Estate 2026.

About Developer

Core Team

Name Surname | Founder & CEO

An Economics graduate from Delhi University with 30 years of international trade expertise across Europe and the CIS. A resident of Georgia for 12 years and fluent in Russian, he combines deep local market knowledge with a profound understanding of the Georgian regulatory framework.

View Full Profile +

Ionic Architects LLC - Project Architectural Partner

  • • Role: Lead Design & Project Engineering.
  • • Expertise: Over 15 years of experience in Georgian residential and hospitality design.
  • • Why them: Selected for their deep understanding of the Kakheti landscape and modern energy-efficient construction standards.

Grata International LLC - Legal & Regulatory Advisors

  • • Role: Title security and asset protection. Permits & Compliances. Fiduciary Governance.
  • • Expertise: Specialized in Georgian property title security, cross-border compliance, and the seamless navigation of regional permitting and investment regulations.
  • • Why them: Deep-rooted expertise in Georgian property law and cross-border transactions, ensuring 100% title security and regulatory "airtightness."

The Execution Team

Upon securing funding, we will activate a dedicated Project Management Office (PMO) to move Aurra Residences from blueprint to brick. This team will act as the bridge between the investor’s investment and the physical building.

View Full Team +
Team Lead

— FREQUENTLY ASKED QUESTIONS

FAQ’s

How is my capital secured? +
Your investment is backed by the project’s tangible assets. We have already acquired the land, which has a current valuation of $700,000. This means there is immediate, hard-asset value in the company from Day 1, unlike a startup where capital is used for intangible costs.
You mentioned "investors get paid first"—what does that mean? +
This refers to a preferred return or senior position in the capital stack — meaning investors receive distributions or repayment before the project sponsors or common equity holders in most exit scenarios.
You mention a "Massive Housing Deficit"—what data source is this based on? +
The statement draws from multiple reputable sources including reports by Knight Frank, Cushman & Wakefield, RBI / Ministry of Housing data, and UN-Habitat urban housing assessments (2023–2025 editions).
What will I get after taxes? +
Net returns depend on your jurisdiction and tax structure. We recommend consulting your tax advisor for personalized analysis.
How much time do the permits take? +
Permit timelines vary by municipality but typically range between 4–8 months depending on regulatory approvals.
Can I get paid back in apartments? +
In select structures, investors may opt for in-kind unit allocation subject to agreement terms and availability.
Downloads

Resources


Access detailed documentation prepared for investors and partners. These materials provide comprehensive information on project structure, financials, and participation options.

Once verified, the requested documents will be sent directly to your registered email address.

Investor Kit Includes:

Project Teaser

Snapshot for initial review

Pitch Deck

Overview of the project

Investment Memorandum

Detailed project economics

Business Plan

Market and demand assumptions

— Talk to Us

Schedule Consultation

For further information, access to detailed documentation, or to discuss participation options, please get in touch with the project team.

Schedule

phone +995 555 123 456

email info@aurra.ge