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Modern Residence

Batumi
Vazha-Pshavela St, 53
2 houses are under construction, next delivery in Q4 2024 
Developer’s apartments
from ‍194 346 ₾
Price per m2
from ‍3 653 ₾
$
Developer
Shota Sharashenidze
Shota Sharashenidze
Korter Real Estate Consultant
Korter consultant

Layouts and prices for Modern Residence

Prices and availability are up to date as of 7 თებერვალის 2025
Studios
36.4–49.5 m2
from ‍6 744 ₾ per m2from ‍245 490 ₾
Apartments
102.9–103.2 m2
from ‍3 653 ₾ per m2from ‍375 907 ₾
2-room
44.3–137.3 m2
from ‍3 653 ₾ per m2from ‍194 346 ₾
3-room
85.5–115.6 m2
from ‍4 355 ₾ per m2from ‍425 983 ₾
4-room
109.8 m2
from ‍4 355 ₾ per m2from ‍478 250 ₾
View 44 resale apartments

Modern Residence on the map of Batumi

Project houses

Total 2 houses
Vazha-Pshavela St, 53
Block 1
16 floors
Under construction
Start in Q4 2022
Completion in Q4 2024
7 apartments for sale
from ‍194 346 ₾
Vazha-Pshavela St, 53
Block 2
16 floors
Under construction
Start in Q4 2022
Completion in Q4 2024
8 apartments for sale
from ‍245 490 ₾

Construction progress Modern Residence

We take photos of complex from same spots, to show real status and dynamics of development.

The latest update — იანვარი 2025

Construction progress Modern Residence - Spot 1, იანვარი 2025
Spot 1
დეკემბერი 2022იანვარი 2025
Construction progress Modern Residence - Spot 2, იანვარი 2025
Spot 2
იანვარი 2024იანვარი 2025
Construction progress Modern Residence - Spot 3, იანვარი 2025
Spot 3
დეკემბერი 2022იანვარი 2025
Construction progress Modern Residence - Spot 4, იანვარი 2025
Spot 4
მაისი 2023იანვარი 2025
Construction progress Modern Residence - Spot 5, იანვარი 2025
Spot 5
ივლისი 2023იანვარი 2025

Installment in Modern Residence

30%
down
payment
up to 1 year 6 months
loan
term

Mortgage in Modern Residence

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the developer
Studio
2
3
4+
GEL
USD
You borrow ‍165 194 ₾ from the bank
years
months
Mortgage from TBC Bank
14,5
%
annual interest
rate
14 871
payment for
month
16,97
%
effective interested rate that linked to a public
index
207 604
total for real
estate

Project characteristics

О доме

🟧 Number of buildings2
🟧 Number of floors16
🟧 Construction technologymonolithic-frame
🟧 Cadastral number05.28.03.042
🟧 Distance to the seaside1200 m
🟧 Elevatorelevator Kleemann
🟧 Parkingunderground parking, ground level parking
🟧 Security & Safety24/7 security, CCTV, reception

About the units

🟧 Apartment renovationblack frame, white frame, repaired, turn key
🟧 Apartments area31,5–137,3 m2
🟧 Number of apartments157
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Which apartments are available for sale in Modern Residence in Batumi?

How much does a m² cost in Modern Residence?

The price per m² in this complex starts from ‍3 653 ₾.

How to buy an apartment in Modern Residence in Batumi?

In this complex you can buy apartments with Mortgage from TBC Bank, Installment terms.

When will Modern Residence be commissioned?

Block 1, Block 2 – completion in Q4 2024.