Archi Nutsubidze 2 Tbilisi is a 21-storey residential block that Archi is building on Konstantine Kapaneli Street, on the Nutsubidze plateau in Tbilisi, and the developer’s building page at archi.ge shows it at 91 percent construction progress, with 94 apartments listed for sale and 265 recorded as sold.

This guide to Archi Nutsubidze 2 Tbilisi reads archi.ge as it stood on 12 November 2026 and sets beside it every third-party figure for units, floors, handover, finish and price, each with its source and date. The developer’s pages print no price and no handover date, so the guide shows the sources side by side and does not choose between them. It adds the dated construction log, the question of which district the street belongs to, and sourced background on buying, tax and residence in Georgia.
The developer’s complex page presents the scheme as a new residential complex on the IV Plateau of Saburtalo, on Kapaneli Street, about a ten-minute walk from Lisi Lake. It lists one building, Block A, with 21 floors, a facade of ventilated HPL panels and brick, and a green courtyard with a children’s playground and a sports field. The amenity icons add commercial space, parking, a generator and a water reservoir.

The building page for Block A is where the status sits. It shows construction as ongoing at 91 percent, a log of 30 dated progress entries from 26 June 2024 to 13 October 2026, a count of 265 sold and 94 unsold apartments, and a parking map of 74 spaces on two levels. The materials list names Ytong block, Heidelberg concrete, low-emission glass, HPL panels and decorative brick. These are the developer’s descriptions and are not tested here.
What the pages leave out matters as much to a buyer. No price is printed: all 94 unsold units carry a price of 0 in the page data, and the site’s own flag for flat prices is false.
The pages also give no handover date, no payment plan on the current page, no description of the finish (the “form of delivery” field is empty for all 94 units), no bedroom count, no architect and no contracting entity. The only dated price indication is third-party: Korter prints a header rate and “price upon request” for each layout, as of 25 October 2026.
| Archi Nutsubidze 2 Tbilisi key facts | As published (archi.ge, 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, K. Kapaneli St.; the developer places it on the IV Plateau of Saburtalo (other sources use a different district label, section 6) |
| Developer | Archi (archi.ge) |
| Status | Block A “Ongoing”, 91 percent; latest progress entry dated 13 October 2026 |
| Buildings and floors | One building (Block A) on archi.ge, 21 floors; Korter and Geoproperty print two buildings |
| Units | 265 sold and 94 for sale on archi.ge (359 in total, calculated); Korter and Geoproperty print 345; Korter also prints 301 “for sale” |
| Size of the 94 unsold units | 56.7 to 119 m² total area, 38 layout records (archi.ge unit data) |
| Unit types | Apartments; commercial space is listed as an amenity, and none was found among the units for sale |
| Price | Not published by the developer; third-party indications in section 5 |
| Handover | Not published by the developer; third-party prints in section 4 |
| Payment plan | Not on the current project page; earlier and third-party statements in section 5 |
| Finish | Not published by the developer; third parties print three different labels (section 2) |
| Parking | 74 spaces on level -1 (32) and level 1 (42) on the parking map; 43 flagged sold and 31 not |
| Amenities listed | Children’s playground, sports field, commercial space, parking, generator, water reservoir, green courtyard |
Public information on the project comes from the developer and from portals and brokers, and the figures do not always agree. The table sets them side by side. The developer’s page is quoted as “per the developer”; every other figure is “per” the named site on the date shown, and the guide does not decide which is right. Korter’s page data is dated 25 October 2026 and was read on 12 November 2026. Geoproperty’s page carries a 2025 copyright line and no update date.
| Item | Per the developer (archi.ge) | What third parties print |
|---|---|---|
| District | Saburtalo, IV Plateau | Korter: “Vake” in the header, “Saburtalo” in its text. Geoproperty: Saburtalo District. Realting (updated 29 July 2024): Saburtalo, IV Plateau. OpenStreetMap and Wikipedia: Nutsubidze plateau inside Vake (section 6) |
| Street address | K. Kapaneli St., Tbilisi | Korter: Konstantine Kapaneli St. 15. Geoproperty: Konstantine Kapaneli Street. Realting: Konstantine Kapaneli Street |
| Buildings and floors | Block A only, 21 floors | Korter: Block A (21 floors) and Block B (21 floors, no date). Geoproperty: two 21-storey buildings. geoln.com: 21 floors |
| Units | 265 sold plus 94 for sale (359, calculated) | Korter: 345 (Block A) and 301 “for sale”. Geoproperty: 345 |
| Total area range | 56.7 to 119 m² among the 94 unsold units | Korter: 55.9 to 119.2 m² (characteristics); layout rows 53.9 to 119 m². Geoproperty: 55.9 to 120 m². geoln.com: from 56 m² |
| Status | Ongoing, 91 percent (13 October 2026 log) | Korter: under construction. Geoproperty: under construction. Realting: year of construction 2026 |
| Handover | Not printed (project end date empty) | Korter: Block A, Q4 2026. Geoproperty: Q3 2026. geoln.com: December 2026 |
| Finish | Not printed (“form of delivery” empty) | Korter: “Premium frame”. Geoproperty: white frame. geoln.com: “Black walls” |
| Payment terms | Field empty on the current page | Geoproperty: 30-month instalments, 10 to 30 percent down. Korter: instalment available, details from the developer |
| Price | Not printed | Korter: from USD 1,415 per m². geoln.com, Geoproperty, Realting: USD 1,350 (section 5) |
| Amenities | Playground, sports field, commercial space, parking, generator, water reservoir | Korter adds a recreation area and underground and ground-level parking. Geoproperty also lists a swimming pool, fitness centre and concierge services that archi.ge does not list |
Four rows change what a buyer can rely on. The first is the building count. The developer’s complex page carries one building, while Korter and Geoproperty describe a second 21-storey block. A second block would affect the shared courtyard, the parking and the service charge, so the contract should say which block and which entrance the unit belongs to.
The second is the finish. Three sources print three labels: “Premium frame” (Korter), white frame (Geoproperty) and “Black walls” (geoln.com, listing published 11 September 2023). The developer’s page uses none of them. Geostat, the national statistics office, sorts new-build offers into white, green and black frame in its price release, which shows that the trade has more than one vocabulary. A unit-by-unit description of what is installed, written into the contract, replaces the label.
The third is the date on each print. The geoln.com listing was published in 2023, Realting’s in July 2024 and Geoproperty’s carries 2025, while Korter’s is dated October 2026. Older prints show what a seller said at that time and may describe a phase that has since moved on.
The fourth is the amenity list. Geoproperty’s extra items are not on the developer’s pages, so a swimming pool or fitness centre should be treated as unconfirmed until the contract or the design documents name it.
Three different totals circulate for the scheme. Each is correct for the thing the source counts, and the sources do not say whether they count the same thing. The table gives every unit figure found, with the source, its date and what it counts.

| Unit figures by source | Source and date | What it counts |
|---|---|---|
| 265 sold, 94 for sale | archi.ge complex page counters, 12 November 2026 | Block A; the sum, 359, is calculated here and is not printed |
| 94 rows, all “Free” | archi.ge unit data, 12 November 2026 | Floors 2 to 21; none flagged sold or booked; price 0 on every row |
| 345 | Korter project characteristics, page data 25 October 2026 | “Number of apartments 345 (Block A)” |
| 301 “for sale” | Korter block card, 25 October 2026 | Block A; the layout rows add up to 155 + 107 + 39 = 301 |
| 345 | Geoproperty, copyright 2025, undated | Two 21-storey buildings |
| No total | Archi launch news, 18 July 2023; Realting, 29 July 2024; geoln.com, 11 September 2023 | One 21-storey building (news); the others print floors and sizes only |
The arithmetic shows how far apart the figures sit. The archi.ge sum of 359 is 14 above the 345 that Korter and Geoproperty print, and the 345 is 44 above Korter’s 301. If 345 were the total and 265 were sold, 80 would remain, against the 94 that archi.ge lists. None of these gaps can be closed from public pages. The unit schedule attached to the contract, with unit numbers, is the document that fixes the count.
The next table describes the 94 unsold units as archi.ge lists them. The “rooms” column is the field as printed, and the balcony column is the field the site labels “Balcony”. In every row the total area equals the living area plus the balcony area, to 0.1 m².
| Archi Nutsubidze 2 Tbilisi units for sale by archi.ge “rooms” | Units | Total area (m²) | Living area (m²) | Balcony area (m²) | Floors where listed |
|---|---|---|---|---|---|
| 2 | 25 | 56.7 to 59.9 | 42.8 to 46.5 | 12.8 to 14.4 | 2 to 12, 17, 21 |
| 3 | 53 | 56.8 to 87.2 | 42.8 to 66.3 | 14.0 to 21.3 | 2 to 21 |
| 4 | 6 | 73.4 to 101.2 | 58.0 to 78.8 | 15.4 to 22.4 | 10 to 14, 16 |
| 5 | 8 | 118.2 to 119.0 | 91.2 to 92.0 | 27.0 | 2 to 4, 6 to 9, 13 |
| “21” (as printed) | 2 | 56.7 | 43.9 | 12.8 | 2, 3 |
| All rows | 94 | 56.7 to 119.0 | 42.8 to 92.0 | 12.8 to 27.0 | 2 to 21 |
Two readings stand out. The room field cannot be read as a size class, because rows of the same area carry different numbers: 73.1 to 73.6 m² appears as 3 rooms and 73.4 m² as 4 rooms, and one 56.8 m² row is printed as 3 rooms beside 56.7 m² rows printed as 2.
Two rows carry the value 21, which looks like an entry error and is recorded as printed. The balcony takes 20.9 to 26.9 percent of the total area in the rows listed, with a median of 22.9 percent, so a comparison of price per square metre should state whether the total area or the living area is meant.
Calculated from the 94 rows, the median total area is 73.6 m² and the mean is 75.5 m². The spread across floors and sizes is shown below.
| Unsold units by floor band and area | Under 60 m² | 60 to 79.9 m² | 80 to 99.9 m² | 100 m² and over | All |
|---|---|---|---|---|---|
| Floors 2 to 7 | 16 | 15 | 11 | 5 | 47 |
| Floors 8 to 14 | 10 | 16 | 1 | 3 | 30 |
| Floors 15 to 21 | 2 | 13 | 1 | 1 | 17 |
| All floors | 28 | 44 | 13 | 9 | 94 |
Half of the unsold stock, 47 units, sits on floors 2 to 7, and floors 2 to 4 alone hold 31. Higher floors have fewer unsold units, with 17 on floors 15 to 21. The pattern describes what was unsold on 12 November 2026 and does not describe the building’s layout, since sold units are not listed.
The sources also count rooms differently, which matters when a broker quotes “one-bedroom” or “two-room” for the same flat.
| Room convention by source | What is printed | Sizes (m²) |
|---|---|---|
| archi.ge unit data | “Rooms” 2, 3, 4 and 5 (no bedroom field) | 56.7 to 119.0 (see table above) |
| Korter layout table, 25 October 2026 | 1-room, 2-room, 3-room; 155, 107 and 39 apartments | 53.9 to 77.6; 72.4 to 87.4; 100.9 to 119 |
| Korter description text | One-, two- and three-bedroom layouts | 55 to 119 |
| Geoproperty floor plans | 1 Bedroom 59.3 m²; 2 Bedroom 75 m² and 86.3 m²; 3 Bedroom 118.3 m² | 59.3 to 118.3 |
Read side by side, Geoproperty’s 59.3 m² “1 Bedroom” and 118.3 m² “3 Bedroom” have areas close to archi.ge rows of 59.3 m² printed as 2 rooms and 118.2 m² printed as 5 rooms. The developer does not state its convention, so the unit plan attached to the contract is the reference.
The most detailed public record of the project is the developer’s progress log. The building page holds 30 entries, one per month or so, from 26 June 2024 to 13 October 2026, each with a photograph and a list of works. The percentage on the page is a single figure, and the page does not say how it is calculated. The table samples the log by date; entries are stored in UTC, so some fall a day either side of the local date.

| Log date (archi.ge) | Works recorded for Block A |
|---|---|
| 26 June 2024 | Pile installation completed |
| 10 July 2024 | Excavation of the basin completed |
| 3 October 2024 | Foundation slab reinforced and concreted; columns on level -1 begun |
| 26 November 2024 | Slab of the 1st floor in progress |
| 27 January 2025 | Vertical elements of the 2nd floor concreted; roof slab of the 3rd floor concreted |
| 9 March 2025 | Slab of the 5th floor completed |
| 5 June 2025 | Roof slab of the 10th floor completed; 11th floor in progress; partition blocks on floors 3 and 4 in progress |
| 30 September 2025 | Floor slabs of the 18th and 19th floors completed; 20th in progress |
| 31 October 2025 | Ceiling slab of the 20th floor completed; 21st in progress |
| 30 November 2025 | Partition blocks on the 20th and 21st floors completed; plastering of apartments started on the 5th floor |
| 6 March 2026 | Apartment distribution completed on floors 2 to 12; plastering completed on floors 2 and 3; facade plastering on floors 4 and 5 completed |
| 3 April 2026 | Passenger lift installation completed; gasification of floors 2 to 9 completed |
| 15 June 2026 | Passenger and freight elevator installation completed; distribution in apartments on floors 10, 15, 16 and 17 completed |
| 14 July 2026 | Distribution in apartments on floors 18 to 21 completed |
| 8 September 2026 | Water supply and screeding on floors 18 to 20 completed; screeding on floors 11 to 16 completed |
| 13 October 2026 | See the status table below |
The structural phase is the most fully documented. Between the entry of 27 January 2025, when the roof slab of the 3rd floor was reported concreted, and that of 31 October 2025, when the ceiling slab of the 20th floor was complete, the log records 17 floors in 277 days, which is about 1.9 floors a month. That is arithmetic on two log dates and describes the structural phase only. After November 2025 the entries move to partitions, plastering, services, elevators and the facade.
The entry of 13 October 2026 is the current status. It marks 25 items completed and 14 in progress or starting. Grouped by theme, they read as follows.
| Archi Nutsubidze 2 Tbilisi Block A on 13 October 2026 | Completed per the log | In progress or starting per the log |
|---|---|---|
| Structure and roof | Piles, foundation slab, underground floor, columns and floor slabs on floors 1 to 21, perimeter block walls, apartment dividing walls and partitions, roof parapet blocks, roof insulation | None listed |
| Apartment services | Plastering and floor screeding in apartments (floors 1 to 21) and corridors; water supply, electrical wiring, gas piping, ventilation and sewage in apartments (floors 1 to 21); common-area fire system (floors 1 to 13); apartment doors (floors 3 to 13) | Fire system in apartments (floors 1 to 13); apartment metering (floors 1 to 21); wall plastering (floors 2 to 9) |
| Elevators | Elevator installation; machine room | None listed |
| Facade | None listed | Facade doors and windows (floors 1 to 21); balcony cladding and railings (floors 1 to 20); blind-wall cladding (floors 2 to 20 and the 1st floor); ventilated facade (floors 1 to 20) |
| Interior finishing | None listed | Ceramic granite on several floors and on balconies (floors 1 to 18 starting); staircase cladding (floors 1 to 21) |
The log lists what has been done and what is under way. It gives no dates for the items still open, and it does not describe commissioning, the building’s acceptance, or the steps between the last works and the handing over of keys. The Korter section on construction progress supports the same picture with three fixed-spot photo series: 16 photos from August 2025 to November 2026, 20 from April 2025 to November 2026, and 8 from January 2025 to September 2025.
The developer prints no handover date, so the dated figures are third-party. They are listed with the date of each print and are not ranked.
| Handover or completion print | Source and date | How it is worded |
|---|---|---|
| None | archi.ge building and complex pages, 12 November 2026 | Project end date empty; status “Ongoing”, 91 percent |
| Q4 2026 | Korter, page data 25 October 2026 | Block A “under construction, completion in Q4 2026”; Block B “for sale” with no date |
| Q3 2026 | Geoproperty, copyright 2025, undated | “Scheduled for completion in the third quarter of 2026” |
| December 2026 | geoln.com, listing published 11 September 2023 | “Finished at December 2026” |
| 2026 | Realting, listing updated 29 July 2024 | Year of construction field reads 2026 |
From the first log entry (26 June 2024) to the latest (13 October 2026) is 839 days, about 27.6 months. The three third-party dates fall in the second half of 2026, and the log shows facade, tiling and apartment metering still open in October. A buyer should treat the contract date as the one that counts and ask what the contract says about the building’s completion and about a missed date.
No price is printed by the developer. Every figure below is a listing-site or broker indication and is not an Archi price. They are given with the source, the date and the unit they refer to, so that a reader can see how little they have in common.

| Price print | Source and date | Unit stated? | Remark |
|---|---|---|---|
| From USD 1,415 per m² | Korter header, prices as of 25 October 2026 | Per m²; each layout row reads “price upon request” | Finish label as in section 2 |
| USD 1,350 | Geoproperty, copyright 2025, undated | “Price range”, unit not stated | White frame; 30-month instalments, 10 to 30 percent down |
| From USD 1,350 per m²; apartments from USD 75,600 | geoln.com, listing published 11 September 2023 | Per m² and per apartment | 75,600 equals 56 m² times 1,350; “Black walls” |
| From USD 1,350 | Realting, listing updated 29 July 2024 | Not stated | Agency listing |
The geoln.com figures reconcile: USD 75,600 divided by the 56 m² the same listing gives as the smallest area is USD 1,350 per m². The Realting and Geoproperty figures of USD 1,350 match that rate, and none of the pages says where the figure comes from. Korter’s USD 1,415 is USD 65 per m² (4.8 percent) above that rate, but it is dated three years later than the geoln.com listing and describes a different finish label, so the two do not describe one offer.
At the National Bank of Georgia’s official rate of GEL 2.5933 per USD on 12 November 2026, USD 1,415 is GEL 3,670 per m² and USD 1,350 is GEL 3,501 per m². For context, Geostat’s third-quarter 2026 release covers new-build offers in Tbilisi, and Georgia Today’s report of it gives the district medians for apartments. They are offer prices collected from advertising sites, and they cover all new-build offers, not one project’s “from” rate.
| Geostat third quarter 2026, apartments, median offer price | GEL per m² | USD per m² at GEL 2.5933 |
|---|---|---|
| Saburtalo | 4,444 | About 1,714 |
| Vake | 6,046 | About 2,331 |
The two rows are listed because the district label of the street differs between sources (section 6). The Geostat release does not say which label the scraped offers use for the Nutsubidze plateau. The guide on Tbilisi real estate prices sets the Geostat district medians beside a second dataset, a Galt and Taggart average of USD 1,628 per m² for Saburtalo in January 2026 (reported there for white-frame apartments sold by developers).
To show how the rate behaves, the next table multiplies Korter’s header rate by archi.ge areas. It is an illustration of arithmetic, because Korter prints no unit prices and the page does not say that the rate applies to every unit.
| Illustration at Korter’s USD 1,415 per m² | Area (m²) | Result (USD) | Result (GEL at 2.5933) |
|---|---|---|---|
| Smallest unsold unit | 56.7 | 80,231 | 208,062 |
| Median unsold unit | 73.6 | 104,144 | 270,077 |
| Largest unsold unit | 119.0 | 168,385 | 436,673 |
On payment terms the dated statements differ. Archi’s launch news of 18 July 2023 listed instalments of up to 12 years, no down payment and a discount for a single payment, as marketing terms at the project launch. The current project page prints no terms, Geoproperty prints 30 months with 10 to 30 percent down, and Korter says an instalment is available with details from the developer. The schedule that applies is the one in the contract.
Tbilisi is Georgia’s capital and its largest city. Geostat’s population release puts the city at 1,369.4 thousand people on 1 January 2026, of whom 1,309.0 thousand live in urban settlements, which is 34.7 percent of the country’s 3,941.1 thousand (calculated). The developer’s complex page gives the coordinates of the site as 41.73421 N, 44.73154 E, and the distances below are measured from that point.

The developer places the scheme in Saburtalo, on the IV Plateau, in a green and quiet setting about a ten-minute walk from Lisi Lake; its 2023 launch news said five minutes. Wikipedia gives the lake a surface area of 0.47 km² and a maximum depth of 4 m and describes a lakefront mixed-use development whose first phase opened in 2011. The lake is an area, so a distance depends on which shore is meant.
The district label is not uniform. The table lists what each source prints and does not rule on the administrative boundary. A buyer who needs the district for a statistic, a school catchment or a registry search should ask the Public Registry or the municipality, using the cadastral code.
| District label for Archi Nutsubidze 2 Tbilisi | Source | What is printed |
|---|---|---|
| Saburtalo | archi.ge complex page, 12 November 2026 | Situated in Saburtalo, on the IV Plateau, K. Kapaneli Street |
| Saburtalo | Geoproperty (2025) and Realting (29 July 2024) | Saburtalo District; Saburtalo, IV Plateau |
| Vake and Saburtalo | Korter, 25 October 2026 | “Vake” under the address and “Vake District” in the map section; its text says “Saburtalo district” and “IV Plateau” |
| Vake | OpenStreetMap address search, 12 November 2026 | Konstantine Kapaneli Street, “Nutsubidze slope”, “Nutsubidze micro-districts”, Vake district |
| Vake | Wikipedia, Vake District | Lists the Nutsubidze Plateau among Vake’s neighbourhoods; the Saburtalo article lists Lower Saburtalo, Vedzisi, Lisi, Vashlijvari, Didi Dighomi, Patara Dighomi and others, and not the plateau |
Korter also lists an earlier Archi building on the same plateau, Archi Nutsubidze at Avto Varazi St, 28a, with 9 floors and “1 house delivered in 2022”, and it also tags that building Vake. The developer’s share text for Archi Nutsubidze 2 calls the new project the third construction complex in the district, a statement the guide does not test.
Transport and services come from portals, which the guide labels. Korter says a bus stop stands 50 m away on Kapaneli Street, served by buses 332, 388 and 398 every 16 minutes, and that the nearest major road is 550 m away. For the metro, the portals disagree: Korter puts Vazha-Pshavela and Delisi within a 30-minute walk, geoln.com prints 8 minutes to Vazha-Pshavela, 17 to Delisi and 18 to State University without naming the mode, and Realting prints about 1,000 m to Vazha-Pshavela.
The developer’s pages give no distances, so the table below calculates them from the developer’s coordinates to places mapped in OpenStreetMap on 12 November 2026. The road figures come from the public OSRM routing service for a car in free-flowing traffic. Walking times are not computed, and a footpath can be shorter than the car route, as it may be for the lake.
| Nearby places and distances for Archi Nutsubidze 2 Tbilisi | What it is | Straight line (calculated) | By car (OSRM) | Source |
|---|---|---|---|---|
| Mardaleishvili clinic | Clinic mapped on Levan Charkviani St (Korter names a Mardaleishvili medical centre) | 0.58 km | 1.32 km, 4 minutes | OpenStreetMap; OSRM |
| Medical Center Uranti | Medical centre on Avto Varazi Dead End I | 0.83 km | 1.33 km, 3 minutes | OpenStreetMap; OSRM |
| Lisi Lake | Lake, mapped centre point | 1.11 km | 3.30 km, 7 minutes | OpenStreetMap; OSRM |
| Lisi recreation park | Park mapped east of the lake’s centre point | 1.28 km | 3.36 km, 8 minutes | OpenStreetMap; OSRM |
| Delisi metro station | Metro station on Vazha-Pshavela Avenue | 1.50 km | 2.61 km, 6 minutes | OpenStreetMap; OSRM |
| Vake Park | City park | 3.16 km | 6.07 km, 14 minutes | OpenStreetMap; OSRM |
| Didube bus station | Intercity bus station | 4.30 km | 7.88 km, 11 minutes | OpenStreetMap; OSRM |
| Dinamo Arena | Stadium | 4.99 km | 8.27 km, 13 minutes | OpenStreetMap; OSRM |
| Tbilisi Central railway station | Passenger station | 5.81 km | 8.59 km, 13 minutes | OpenStreetMap; OSRM |
| Tbilisi Sea | Reservoir, mapped centre point | 10.25 km | 16.89 km, 28 minutes | OpenStreetMap; OSRM |
| Tbilisi International Airport | Airport | 20.01 km | 27.14 km, 36 minutes | OpenStreetMap; OSRM |
The pattern is a plateau with clinics within a kilometre and a half by road, the lake and its park at about one kilometre in a straight line, and the main transport hubs seven to nine kilometres away by car.
Korter’s own figures, 7 km to Didube and a 40-minute drive to the airport, are close to the routes above (7.88 km and 36 minutes), and its “within a 15-minute drive” list for the city’s markets and stadium is consistent with 13 minutes to Dinamo Arena. For wider context see the Tbilisi city page and the Georgia country page.
The developer’s pages print no purchase steps, so the order below follows Georgian law and the Public Registry’s published fees. Article 183 of the Civil Code requires a written transaction and the registration of the acquirer’s ownership right in the Public Registry. Article 185 treats a person registered as owner as the owner towards an acquirer who did not know otherwise, which is why an extract is read before money moves.

A foreign buyer signs under the same provisions as a citizen. Nationality limits arise for agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership keeps with citizens and certain entities, and an apartment in a residential block is not agricultural land. Two guides on this site cover the ground: whether foreigners can buy property in Georgia and how to buy property in Georgia.
The registry’s fees depend on the service term and not on the price. The NAPR fee page lists GEL 150 for registering a change of right in 4 working days, GEL 270 in 1 working day and GEL 350 on the day of filing, which is about USD 57.8, USD 104.1 and USD 135.0 at GEL 2.5933. The same three fees apply to registering an obligation related to an ownership right, the category a buyer’s agreement before completion may fall under; the registry confirms which applies to a given contract.
An extract from the register is priced on the informational services page: GEL 20 in 1 working day, GEL 13 if requested online, GEL 75 on the day of filing and GEL 52 on the day of filing online, with GEL 26 added for an English extract. A buyer abroad can use a power of attorney legalised for Georgia or the registry’s smart-contract service, which registers rights online through a booked virtual meeting. The Hague Conference’s status table shows the Apostille Convention in force for Georgia since 14 May 2007.
| Step | Who | Time and fee | Source |
|---|---|---|---|
| Obtain the price list with unit numbers, the unit plan and the draft contract in writing | Buyer, developer | Not published by the developer | archi.ge building page |
| Order an extract for the plot and, once it exists, the unit | Buyer or representative, Public Registry | GEL 13 to 75, plus GEL 26 in English | NAPR informational services |
| Sign the written agreement | Buyer, seller | As agreed in the contract | Civil Code, Article 183 |
| Register the obligation or the right | Public Registry | GEL 150 (4 working days), GEL 270 (1 day), GEL 350 (same day) | NAPR fee page |
| Pay according to the schedule and the account named in the contract | Buyer | Set by the contract | Contract |
| Register ownership of the finished unit and receive the extract | Public Registry, buyer | Same fee table; extract fee as above | NAPR fee page |
For financing, see the guide to mortgages for foreigners in Georgia. The registry’s own pages do not describe a special route for apartments in a block still under construction, so a buyer should ask the registry how the building and the individual units will appear in the register after completion.
Property tax on an individual changed on 30 September 2026. The English text of the Tax Code on matsne.gov.ge lists Law No. 1874 of 30 September 2026 among its amendments. Article 202(5) now sets the tax on a natural person’s taxable property other than land at not less than 0.8 percent and not more than 1 percent of the market value at the end of the previous year. Article 206(1)(a) exempts such property when the family’s income in the previous year did not exceed GEL 100,000.
The EY Georgia Tax and Law Brief for July to September 2026 reports the change, gives the former exemption threshold as GEL 40,000 and says the amendment entered into force on publication. Guides written before that date carry the older figures. Article 205 sets the filing date for a natural person at 1 November and payment at 15 November, and the Revenue Service offers a Georgian-language calculator for the 2026 tax.
As arithmetic only, a unit of 73.6 m², the median size listed, at Korter’s header rate would be worth about GEL 270,077, and the Code’s range of 0.8 to 1 percent would give about GEL 2,161 to GEL 2,701 a year if the tax applied.
The market value used and the family income test are decided case by case, and an unfinished building is covered by Article 201 as real estate “including an unfinished construction”, so the point at which a contract buyer becomes liable is a question for the contract and the registry record. The guide on property tax in Georgia explains the filing steps.
On the income side, the Code taxes rent from residential space let to an organisation or person for residential use at 5 percent where no deductions are made (Article 81(2)), with a general rate of 20 percent (Article 81(1)).
On a sale, the surplus is taxed at 5 percent (Article 81(3)), but the surplus from a residential apartment held for more than two years is exempt (Article 82(1)(f.a)). The VAT rate is 18 percent (Article 166), and whether a quoted price includes VAT is a contract term.
For residence, the Public Service Development Agency lists a short-term residence permit for an alien holding title to immovable property other than agricultural land with a market value exceeding the equivalent of USD 150,000 in lari, established by a certified assessor, and an investment permit for property exceeding USD 300,000. The Law on the Legal Status of Aliens and Stateless Persons states the same in Article 15(j). What counts is the assessor’s valuation, not the price written in the contract. The residence permit guide describes the process.
Because the developer prints no price, no unit can be set against the threshold from the developer’s data. Using Korter’s rate for illustration, USD 150,000 corresponds to 106 m² (GEL 388,995). Of the 94 unsold units, 8 have a total area of 118.2 m² or more and the rest are smaller. This is a statement about printed areas and a third-party rate and does not predict an assessor’s valuation.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | 0.8 to 1 percent of market value; exempt if the previous year’s family income was GEL 100,000 or less; filing by 1 November, payment by 15 November | Tax Code arts. 202(5), 205, 206(1)(a): matsne.gov.ge |
| Rental income, individual | 5 percent on residential rent with no deductions; 20 percent general rate | Tax Code art. 81: matsne.gov.ge |
| Sale of an apartment | Surplus taxed at 5 percent; exempt if owned for more than two years | Tax Code arts. 81(3), 82(1)(f.a): matsne.gov.ge |
| Short-term residence permit | Property other than agricultural land with market value exceeding USD 150,000 in lari equivalent, set by a certified assessor | Public Service Development Agency; Law on Aliens |
| Investment residence permit | Property exceeding USD 300,000 in lari equivalent | Public Service Development Agency |
| Mortgage limits | Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by net monthly income band | National Bank of Georgia |
| Exchange rate used | USD 1 = GEL 2.5933, official rate for 12 November 2026 | National Bank of Georgia |
On financing, the National Bank’s rules cap the loan-to-value ratio at 90 percent for loans in lari and 70 percent for foreign-currency loans, and the payment-to-income ratio at 25 percent (lari) or 20 percent (foreign currency) for net monthly income under GEL 1,500, rising to 50 and 30 percent from GEL 1,500. Korter’s text says apartments can be bought for cash or with a mortgage through partner banks; the developer’s pages name no bank, and each bank sets its own terms for non-residents.
Because the public pages leave several basic items open, the list turns each gap into a document or an answer that a buyer can request before paying. Some belong in the reservation form and the rest in the sale agreement.
Archi’s archi.ge pages for Tbilisi print no price for any of the schemes below, and the statuses are the developer’s own, read on 12 November 2026. The table lists the scheme in this guide and the other Archi projects in the city with their address as printed and the status shown on archi.ge. The entries are not ranked, and the six that have listing pages on this site are linked.
| Project | Address as printed on archi.ge | Status on archi.ge |
|---|---|---|
| Archi Nutsubidze 2 Tbilisi (this page) | K. Kapaneli St. | Block A ongoing, 91 percent; 265 sold and 94 for sale |
| Archi Lisi Sunrise Tbilisi | 11 Mukhran Machavariani St. | Blocks B and C ongoing, 62 percent each; 86 units counted across the two |
| King Tamar by Archi Tbilisi | 15 Merab Aleksidze St. | Ongoing, 1 percent; 105 sold and 173 for sale |
| Archi Alley Tbilisi | 14th km of Aghmashenebeli Alley | Blocks A and B completed; Block C ongoing, 0 percent |
| Archi Dighomi 3 Tbilisi | King Pharnavaz Avenue | Blocks A and B completed; Blocks C and D ongoing, 48 percent each |
| Archi Panorama Tbilisi | Marshal Gelovani Avenue | Ongoing, 33 percent |
| Archi Universe Tbilisi | 15a University St. | Block A 65 percent, Block B 67 percent |
| Archi Rivertown | D. Aghmashenebeli Alley | Block A completed; Blocks B, C, E, F and G ongoing |
| Archi Guramishvili | Guramishvili Avenue | Ongoing, 87 percent |
| Archi Horizon | 109 Vakhtang Gorgasali St. | Blocks A, B and C ongoing, 6, 2 and 0 percent |
| Archi Lilacs | R. Gabashvili St. | Blocks A and B completed; Block C ongoing |
| Archi Kikvidze Garden | 4 Z. Kikvidze St. | Block A completed; Blocks B, C and D ongoing |
| Archi Akhmeteli | T. Sheshelidze and A. Gobronidze streets | Blocks A and B ongoing, 99 percent; Block C 13 percent |
| Grand Avenue by Archi | 32 Ts. Dadiani St. | Early stage; Blocks A and B at 1 and 4 percent |
| Trump Tower Tbilisi | Tamarashvili St., next to Central Park | Coming soon; no flats listed |
The projects are at very different stages. The percentages archi.ge prints run from 0 percent for the newest blocks to completed blocks, and this scheme stands at 91 percent. The progress figures are the developer’s and the pages do not define them. Outside Tbilisi, Archi’s news of 2 June 2026 announced a joint scheme with NEXT in Kobuleti, and the listing page for Kobuleti Beach Resort is on this site for context. For the city’s price levels see the Tbilisi real estate prices guide.
Archi describes itself on its About page as a company whose history began in 2006, with construction and development as its main activities. The page counters, read on 12 November 2026, show 55 completed projects, 31 ongoing projects, 20 years of experience, 1,568,653 m² of completed construction and 1,238,468 m² of ongoing construction. The guide takes these developer figures as stated and does not check them. The page also mentions a Ytong block factory built with the German company Xella.
Archi’s news of 28 September 2021 says the factory had opened, in partnership with Xella Group, the Partnership Fund and TBC Bank, with a joint investment of GEL 55 million. On 13 June 2024 Archi’s announcement said Deloitte would audit the consolidated financial statements of Archi and its subsidiaries under International Financial Reporting Standards.
The developer’s launch news for this scheme is dated 18 July 2023. The guide does not repeat the superlatives, market-share statements and investment descriptions that appear in the developer’s news and in press releases, because none comes with a method. The contracting party for a unit is named in the sale documents.
It is a residential complex by the developer Archi on Konstantine Kapaneli Street, on the Nutsubidze plateau in Tbilisi. archi.ge lists one building, Block A, with 21 floors, 91 percent construction progress on 12 November 2026, and 265 sold and 94 unsold apartments. The amenity list names a courtyard with a playground and sports field, commercial space, parking, a generator and a water reservoir. Other sites describe a second block, which archi.ge does not list.
The sources differ. archi.ge, Geoproperty and Realting place the project in Saburtalo, on the IV Plateau. Korter prints Vake under the address, though its text says Saburtalo, and OpenStreetMap and Wikipedia’s Vake District article place the Nutsubidze plateau in Vake. The guide does not rule on the boundary. The cadastral code and a Public Registry extract show how the plot is recorded, and the Geostat district medians differ, so the label matters for statistics.
The developer prints no price: every unsold unit shows 0 in the page data. Korter prints a header rate of USD 1,415 per m² as of 25 October 2026, with layout prices “upon request”. geoln.com, Geoproperty and Realting print USD 1,350 on listings dated 2023 to 2025. These are listing-site and broker indications and are not Archi prices. A price list with unit numbers, floors and areas, issued in writing, is the only basis for a figure.
The developer prints no handover date and its project end date field is empty. Korter says Block A completion in Q4 2026 (page data of 25 October 2026), Geoproperty says Q3 2026 (undated, 2025 copyright) and geoln.com says December 2026 (published 11 September 2023). The latest log entry, 13 October 2026, shows the facade, tiling and apartment metering in progress. The date that counts is the one in the contract, with the consequence of a missed date.
No source gives one agreed total. archi.ge counts 265 sold and 94 for sale, which adds up to 359. Korter prints 345 for Block A and 301 as the number for sale, and Geoproperty prints 345 across two buildings. The sources may count different things, and the differences are 14, 44 and 58 units. The unit schedule in the contract, with unit numbers, fixes the count for a given purchase.
The 94 unsold units on archi.ge measure 56.7 to 119 m² in total area, with a median of 73.6 m². The site shows 25 units printed as 2 rooms, 53 as 3, 6 as 4, 8 as 5 and 2 with the value 21. Korter groups the same stock as 1-room, 2-room and 3-room, and Geoproperty uses bedrooms. The conventions differ, so a buyer should compare areas and plans and not room labels.
archi.ge shows Block A at 91 percent. Its log records the frame to the 21st floor by late 2025 and, on 13 October 2026, 25 items completed and 14 in progress, among them facade windows and doors, balcony cladding, railings, tiling and apartment metering. The page does not explain the percentage or give dates for the open items. Korter’s photo series runs to November 2026.
A foreign buyer can acquire an apartment under the same Civil Code rule as a citizen: a written agreement and registration in the Public Registry. A short-term residence permit is available to a property owner when an assessor values the property at more than USD 150,000 in lari equivalent, and the contract price is not the test. The official sources are the Public Service Development Agency and the Law on Aliens.
Registration costs GEL 150, 270 or 350 depending on speed, and an extract costs GEL 13 to 75. Property tax on an individual is exempt if the family’s income in the previous year was GEL 100,000 or less, and otherwise between 0.8 and 1 percent of market value, under rules in force since 30 September 2026. A sale of an apartment owned for more than two years is exempt on the surplus; rent is taxed at 5 percent without deductions.
The contract should name the legal entity, the plot and cadastral code, the unit number, floor, total, living and balcony areas, a written finish description, the completion date and the remedy for a missed date, the payment schedule and the receiving account, and the service-charge terms. It should also state the block and the parking arrangement. The section above lists these items as a checklist.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
