On this page
- W2 Tetri Kvadrati Georgia: who the developer is and what it builds
- W2 Tetri Kvadrati Georgia at a glance
- Company, ownership and group behind W2 Tetri Kvadrati Georgia
- W2 Tetri Kvadrati Georgia projects we list, grouped by district and city
- W2 Tetri Kvadrati Georgia portfolio and track record
- How buying works with W2 Tetri Kvadrati Georgia
- Ownership route, registration, tax and residence rules for W2 Tetri Kvadrati Georgia buyers
- Key facts about W2 Tetri Kvadrati Georgia
- W2 Tetri Kvadrati Georgia and other Georgia developers on our site
- What to prepare when reserving with W2 Tetri Kvadrati Georgia
- Frequently Asked Questions
Projects by W2 (Tetri Kvadrati / White Square) on UInvest
W2 Kutaisi Georgia: 17 Flats Listed, Prices Guide (2026)
Asatiani Street (Asatiani settlement, right bank of the Rioni), Kutaisi, Georgia Details
W2 Isani Park Tbilisi: Prices by Block and Floor (2026)
Isani, Tbilisi, Georgia Details
W2 Varketili IV Tbilisi: 5 of 129 Flats Listed, Guide (2026)
Varketili, Tbilisi, Georgia Details
W2 Varketili V Tbilisi: 10 Flats From USD 61,920 (2026)
Varketili, Tbilisi, Georgia Details
W2 Mindeli Tbilisi: Six-Block Saburtalo Guide (2026)
Saburtalo, Tbilisi, Georgia Details
W2 Sanzona Tbilisi: Flat Prices and Sources Guide (2026)
Nadzaladevi (Sanzona), Tbilisi, Georgia Details
W2 Varketili VI Tbilisi: Prices and Sources Guide (2026)
Varketili, Tbilisi, Georgia Details
W2 Jikia Tbilisi: Saburtalo Flats and Prices Guide (2026)
Saburtalo, Tbilisi, Georgia Details
W2 Filigreen 2 Tbilisi: Saburtalo Flats and Prices Guide 2026
Saburtalo, Tbilisi, Georgia Details
W2 Urban East Tbilisi: Prices, Floors and Sources (2026)
Samgori, Tbilisi, Georgia DetailsW2 Tetri Kvadrati Georgia: who the developer is and what it builds
W2 Tetri Kvadrati Georgia is the name we use for the Tbilisi residential developer that trades as W2 on its website, w2.ge, and as Tetri Kvadrati, the Georgian name that translates as White Square. According to the developer’s About page, Tetri Kvadrati is a development company within BK Holding, a group that also includes the construction company BK Construction and the construction college Construct2. The head office is at Vazha-Pshavela Avenue N70 in Tbilisi, and the developer says it has projects in two cities, Tbilisi and Kutaisi. The homepage counters read 11 ongoing projects, 6 completed projects and more than 2,500 completed apartments, and describe the company as delivering projects since 2021. That is why W2 Tetri Kvadrati Georgia has its own profile in our developers section.
The developer’s projects page lists its projects with a status badge. Ten of them are on our site as listings, and this profile covers all ten: Mindeli, Filigreen 2 and Jikia in Saburtalo, Isani Park in Isani, Urban East on the Kakheti Highway in Samgori, Varketili IV, Varketili V and Varketili VI in the Varketili area, Sanzona in Nadzaladevi, and one building on Lado Asatiani Street in Kutaisi. Every project name in this profile links to its listing on our site, and prices are shown in US dollars exactly as w2.ge prints them. Where we compute a price per square metre ourselves, we give the formula.
This profile follows the order in which buyers usually ask questions about W2 Tetri Kvadrati Georgia: the company and its group, a table of key facts, the projects grouped by Tbilisi district and by city, a chronology from the developer’s own pages, how a purchase from a developer is handled in Georgia, the ownership route and the residence-permit and tax conditions set out in our guides, key facts, other developers on our site, a reservation checklist and frequently asked questions. Everything was checked on 13 November 2026 against w2.ge and the public sources listed at the end. For the wider market, see our Georgia country page and the Real estate developers in Georgia hub.
W2 Tetri Kvadrati Georgia at a glance
| Item | Detail |
|---|---|
| Brand names | W2 (website brand), Tetri Kvadrati (site title and copyright line), White Square (English translation, used in the developer’s announcements) |
| Founded (per the developer) | Homepage counter: delivering large-scale projects since 2021; Forbes Georgia (4 August 2023) reports that the brand has operated since 2020 |
| Head office | Vazha-Pshavela Avenue N70, Tbilisi, per the contact page |
| Group | BK Holding, which also includes BK Construction and the Construct2 construction college, per the About page |
| Management named on w2.ge | Giorgi Natroshvili, Chief Executive Officer; Irakli Burdiladze, Managing Partner |
| Cities with projects | Tbilisi and Kutaisi |
| Projects on the developer’s site | 11 ongoing and 6 completed, per the homepage counters (12 November and 13 November 2026) |
| Georgia projects we list | 10: nine in Tbilisi and one in Kutaisi |
| Unit types | One-room units of 34.1 to 37.2 m², one-, two- and three-bedroom apartments, commercial and office spaces |
| Prices | Published in USD; apartment prices on unit pages run from USD 42,454.5 to USD 333,760 |
| Resident programme | Key Card, a loyalty programme for residents with up to 50 partner companies, per w2.ge |
| Website | w2.ge |
Company, ownership and group behind W2 Tetri Kvadrati Georgia
The developer’s About page describes Tetri Kvadrati as a development company founded to create distinct neighbourhood concepts rather than single residential buildings, with an all-inclusive approach to comfortable living. The same page places the company in BK Holding, an ecosystem that includes BK Construction, which the page says has worked on large-scale projects in Georgia for more than 30 years, including residential complexes, hotels under international brands and multifunctional buildings, and Construct2, a construction college. The page lists numerous successful and ongoing projects in Tbilisi and Kutaisi.
The company name appears in several forms, which is worth knowing when searching registries and press. The website uses W2 as its brand and Tetri Kvadrati in the site title. The developer’s terms page names the operating company as White Square, with the Georgian spelling თეთრი კვადრატი, and the developer’s own announcements, as well as the bank page and press articles cited below, use White Square. In Georgian, Tetri Kvadrati is the literal equivalent of White Square. The terms page does not print a legal form or identification code, so for a purchase the legal entity named in the sale contract is the one that matters; the contract and the registry extract carry the exact name.
The Business Association of Georgia published a news item dated 23 March 2022 reporting that BK Construction and the development company White Square, which it describes as owned by BK Holding, became members of the association. The same item describes BK Holding as a tradition-based holding with 30 years of experience, comprising BK Construction, the Construct2 college and White Square. In an interview published by Forbes Georgia on 4 August 2023, Irakli Burdiladze, identified as managing partner of BK Holding, said the White Square brand had operated since 2020, and listed the company’s building sites, among them Shartava, Kavtaradze, Danelia, Politkovskaya, Shuamta and Dzotsi streets. The article reports the company’s own figures: planned investments of about USD 300 million across nine projects and more than 600,000 m² of construction area, with six projects under construction and sales and three in planning and permitting. These are company statements as reported by the magazine.
The About page names two members of management: Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner. Construction of the projects we list is handled within the group, since the group describes BK Construction as its construction company, and the developer’s pages and announcements describe building materials from named suppliers. The About page shows logos of Knauf, Ytong, KONE, BK Construction, Geosteel and Reynaers under the heading for partners. On 19 March 2025 the developer’s blog reported a memorandum of cooperation with Mitsubishi Electric, under which Mitsubishi lifts are to be installed in the Jikia project. In the same announcement the developer says Pasha Bank is financing Jikia through a partnership with White Square.
For residents, the developer runs the Key Card programme, described on its Key Card page as an exclusive loyalty programme for Tetri Kvadrati residents that unites up to 50 partner companies. Categories listed include renovation materials, furniture, appliances, decor, rest and relaxation, beauty and personal care, sports and entertainment centres, car services, mobility services, plumbing, and doors and windows. The programme offers discounts at partner companies and is separate from the price of the apartment.
W2 Tetri Kvadrati Georgia projects we list, grouped by district and city
The ten projects below are the ones for which our site carries a listing. Details come from the developer’s project and unit pages on w2.ge, read on 12 and 13 November 2026. W2 Tetri Kvadrati Georgia prices each apartment as a rate per square metre multiplied by the area, and the rate is the same for every unit of a type in a project, so the price of a unit is its area times the printed rate. Counts of apartments shown as listed are the numbers w2.ge displays on that day and change as units are reserved or sold.
Saburtalo: Mindeli, Filigreen 2 and Jikia
Saburtalo is a district where W2 Tetri Kvadrati Georgia has both completed and current projects. Our Tbilisi city page gives the January 2026 primary-market average for Saburtalo as USD 1,628 per m² (Galt & Taggart, weighted by sales), with 463 apartments sold in that month. Three of the ten projects are in the district.
Mindeli is at Dzotsi Street 2. The project page describes a new district concept with six residential blocks, commercial spaces, sports and children’s zones, an indoor pool, a padel court, parking and green recreation areas. The text says the buildings are energy efficient and fully accessible, with safety systems and a backup generator for pumps, elevators, parking and common areas. Blocks 1 and 2 carry the badge Completed and Blocks 3 to 6 carry the badge Ongoing. The developer’s text says apartment sizes start from 53 m², and the unit pages show areas from 55.3 m² to 366.2 m². Apartment prices printed on unit pages run from USD 98,350 to USD 326,962, and the projects page shows a starting rate of USD 950 per m². On 12 November 2026 the projects page showed 92 available apartments. The page does not print a single handover date.
Filigreen 2 is at Giorgi Danelia Street 61 in Saburtalo, towards Nafetvrebi. The project page describes a residential district overlooking the Vere River valley, with recreation zones, sports fields, playgrounds, green yards, and commercial and office spaces. There are six residential buildings, four of eight storeys and two of nine, all with the status Ongoing. The walls are YTONG blocks, and the windows and doors are double-glazed aluminium. Each building has a backup generator. The developer’s text says apartments start from 65 m². The projects page showed six apartments and 18 commercial units listed on 12 November 2026. The apartments listed as available carry a rate of USD 1,800 per m²: flat 87 has 72.5 m² and costs USD 130,500, which is 72.5 m² times USD 1,800. Commercial units on the ground floors of the blocks are priced at USD 1,250 per m² and range from 47.3 m² to 216.6 m², that is USD 59,125 to USD 270,750.
Jikia is at Politkovskaya Street 12 (the former Jikia Street) in Saburtalo. The project page describes a residential complex of 19 storeys with 283 apartments and commercial spaces, built with energy-efficient materials, thermal insulation of the outer and inner walls and double-glazed aluminium windows and doors. A backup generator keeps the safety systems, drinking-water pumps, elevators and emergency lighting running. Seven apartments were listed on 12 November 2026, on floors 1, 3, 4, 7 and 16. Unit pages print USD 1,450 per m²: apartment 4 has 102.3 m² and costs USD 148,335, and apartment 5 has 129.1 m² and costs USD 187,195. Listed areas run from 98.1 m² (two bedrooms) to 142.8 m² (three bedrooms). The developer’s blog says Mitsubishi Electric lifts are to be installed in this building and that Pasha Bank is financing the project.
Isani and Samgori: Isani Park and Urban East
In the east of Tbilisi, W2 Tetri Kvadrati Georgia has two large projects on its current list. Our Tbilisi page gives January 2026 primary-market averages of USD 1,401 per m² for Isani and USD 1,085 per m² for Samgori (Galt & Taggart), with 229 and 438 apartments sold in the month respectively.
Isani Park is at Hospital Turn N5 and Vladimer Lobzhanidze Street 7 in Isani. The project page calls it a multifunctional district that combines modern architecture, green space and everyday infrastructure. Planned amenities in the text include a recreation zone, sports and children’s playgrounds, a school, a kindergarten, commercial spaces and a pool, together with energy-efficient solutions and a backup generator. There are four blocks, all Ongoing. The developer prints completion dates by block: Blocks C and D in December 2027 and Blocks A and B in June 2029. Apartments listed by block are A 178, B 242, C 71 and D 122, a total of 613 on the project page. The layouts are one-bedroom apartments of 61.1 to 78.1 m² at USD 82,687.5 to USD 118,712, two-bedroom apartments of 82.4 to 93.8 m² at USD 121,128 to USD 142,576, and three-bedroom apartments of 123.9 to 125.5 m² at USD 182,133 to USD 190,760. Rates printed on unit pages run from USD 1,470 to USD 1,560 per m².
Urban East is at 63 Kakheti Highway in Samgori. The project page describes one residential block with commercial and office space, recreation zones, underground parking, elevators, safety systems with a generator and emergency lighting in the courtyard. The developer prints a completion date of December 2028. The unit pages list apartments on floors 3 to 16: 308 in all, of which the developer showed 94 as sold, 4 as reserved and 210 as open on 12 November 2026. One-room units (living-kitchen, no separate bedroom) measure 34.1 to 37.2 m² at USD 1,245 per m², which is USD 42,454.5 to USD 46,314. One-bedroom apartments measure 48.4 to 69.1 m² at USD 1,200 per m², which is USD 58,080 to USD 82,920. Two-bedroom apartments measure 78.6 to 95.6 m² at USD 1,145 per m², which is USD 89,997 to USD 109,462. The projects card shows a starting rate of USD 1,110 per m².
Varketili: Varketili IV, Varketili V and Varketili VI
Varketili, in the east of Tbilisi, is where the developer’s earlier Varketili projects also stand, and three current projects share the area around Shuamta Street. Our Tbilisi page notes that Varketili is an area name on project addresses rather than one of Geostat’s ten districts; the developer’s Varketili V address names Samgori District.
Varketili IV is at Shuamta Street 40, in the Varketili III microdistrict. The project page describes one block of 10 floors with 129 apartments, and states a completion date of March 2028. The developer’s text says units start from 35.1 m². Five apartments were listed on 12 November 2026 at USD 1,200 per m²: apartments 10 and 126 have 48.7 m² and 48.9 m² and cost USD 58,440 and USD 58,680, and three apartments of 77.6 m² cost USD 93,120 each.
Varketili V is shown on w2.ge as Block 31 of project 97, in the Varketili III microdistrict, Block X, Building 9. The project page shows a ten-floor building with the status Ongoing. Ten apartments were listed on 12 November 2026, all at USD 1,200 per m²: seven one-bedroom apartments of 51.6 to 59.2 m², two two-bedroom apartments of 74.1 m² and 75.8 m², and one three-bedroom apartment of 77.5 m². Prices run from USD 61,920 to USD 93,000. The smallest, apartment 76, has 51.6 m² and costs USD 61,920, which is 51.6 times USD 1,200.
Varketili VI is at 38A Shuamta Street. The project page describes a ten-storey residential development with 85 apartments, commercial spaces and one level of parking, with energy-efficiency measures, a backup generator and safety systems. The developer prints a completion date of December 2028 and says apartments start from 38.9 m². The units shown on 12 November 2026 are priced at USD 1,180 per m², for example 42.0 m² at USD 49,560 and 50.2 m² at USD 59,236. The unit pages list two payment plans: Full Payment, which is 100 percent in advance, and a Custom Plan arranged with the developer.
Nadzaladevi: Sanzona
Sanzona is at Chargali Street 50 in the Nadzaladevi district, in the north-west of Tbilisi. Our Tbilisi page gives the January 2026 primary-market average for Nadzaladevi as USD 1,213 per m², with 241 apartments sold in that month. On the project page the developer shows one block with the status Ongoing and a completion date of December 2028. The developer’s text says sizes start from 34.3 m². On 13 November 2026 the apartments page showed Sanzona units at USD 1,250 per m² with two bedrooms and areas of 73.4 to 85.4 m²: apartment 1, with 73.4 m², costs USD 91,750 and apartment 95, with 85.2 m², costs USD 106,500. As with Varketili VI, the unit pages list a Full Payment plan with 100 percent in advance and a Custom Plan.
Kutaisi: Lado Asatiani Street 96
The Kutaisi building is the developer’s listing outside Tbilisi, and the About page names Kutaisi as the second city of operation. According to the project page, the address is Lado Asatiani Street 96, and the block has 15 storeys with 307 apartments plus commercial and office space. The text says the north side has a panoramic view of Bagrati Cathedral and that the walls use energy-efficient materials for thermal and sound insulation. It gives sizes starting at 32 m², with one-bedroom units from 44 m². On 12 and 13 November 2026 the developer listed 17 apartments on floors 2, 9, 12, 13, 14 and 15, at rates between USD 700 and USD 900 per m². One-bedroom apartments of 61.5 to 87.4 m² cost USD 55,350 to USD 74,290; two-bedroom apartments of 124.6 to 165.9 m² cost USD 105,910 to USD 116,130; a three-bedroom apartment of 135 m² costs USD 121,500 and one of 311.5 m² costs USD 218,050; a four-bedroom apartment of 476.8 m² costs USD 333,760. As a check, 61.5 m² at USD 900 per m² is USD 55,350.
Our Kutaisi city page gives the city a population of 153,799 residents on 1 January 2026 according to Geostat. Kutaisi International Airport handled 1,824,720 passengers in 2025, per the Georgian National Tourism Administration citing the Civil Aviation Agency. Train 802 and 804 take 2 hours 35 minutes from Tbilisi to the airport station on the timetable for 12 November 2026.
Summary table of the ten projects
| Project | District or town | Unit types | Price from, as printed | Sizes printed | Delivery target per the developer | Status on w2.ge |
|---|---|---|---|---|---|---|
| Mindeli | Saburtalo, Tbilisi | Apartments, commercial | USD 98,350 | 55.3 to 366.2 m² | Blocks 1 and 2 marked Completed; Blocks 3 to 6 Ongoing | Six blocks |
| Filigreen 2 | Saburtalo, Tbilisi | Apartments, commercial | USD 130,500 (flat 87, USD 1,800 per m²) | 68.4 to 306.6 m² | – | Ongoing, six blocks |
| Jikia | Saburtalo, Tbilisi | Two- and three-bedroom | USD 148,335 (USD 1,450 per m²) | 98.1 to 142.8 m² | – | Ongoing, 19 storeys |
| Isani Park | Isani, Tbilisi | One- to three-bedroom | USD 82,687.5 | 61.1 to 125.5 m² | Blocks C and D December 2027; Blocks A and B June 2029 | Ongoing, four blocks |
| Urban East | Samgori, Tbilisi | One-room, one- and two-bedroom | USD 42,454.5 | 34.1 to 95.6 m² | December 2028 | Ongoing, one block |
| Varketili IV | Varketili, Tbilisi | One- and two-bedroom | USD 58,440 | 48.7 to 77.6 m² | March 2028 | Ongoing, 10 floors |
| Varketili V | Varketili, Tbilisi | One- to three-bedroom | USD 61,920 | 51.6 to 77.5 m² | – | Ongoing, 10 floors |
| Varketili VI | Varketili, Tbilisi | One- and two-bedroom | USD 49,560 | 42.0 to 50.2 m² | December 2028 | Ongoing, 10 storeys |
| Sanzona | Nadzaladevi, Tbilisi | Two-bedroom | USD 91,750 | 73.4 to 85.4 m² | December 2028 | Ongoing, one block |
| Kutaisi, Lado Asatiani St 96 | Kutaisi | One- to four-bedroom | USD 55,350 | 61.5 to 476.8 m² | – | Ongoing, 15 storeys |
A dash in the delivery column means that the English project page prints no completion date; the sale contract states the date that applies to a particular unit. Sizes are those of the apartments listed on the days stated above and exclude the developer’s general statements of minimum area.
W2 Tetri Kvadrati Georgia portfolio and track record
The developer’s completed filter lists six projects, each with the status that all apartments are sold: Filigreen at Giorgi Danelia Street 12 in Saburtalo, Shartava at Zh. Shartava Street 43 in Saburtalo, Varketili III on Trialeti Street in Varketili, Varketili II at Kaloubani Street 18 in Varketili, Varketili at the intersection of Kaloubani and Shuamta streets in Varketili III District, and Kavtaradze at Kavtaradze Street 22D in Saburtalo. The ongoing list on the same site also includes Gamrekeli, in Saburtalo on D. Gamrekeli Street, whose card reads that all apartments are sold; it is not among the ten listings on our site.
A chronology from dated sources helps place the figures. On 23 March 2022 the Business Association of Georgia reported that White Square had joined as a member alongside BK Construction. On 4 August 2023 Forbes Georgia reported that the brand had operated since 2020, that it counted nine projects on its map, and that its Shartava complex of about 132,000 m² was nearly fully sold within two years, according to the company. On 19 March 2025 the developer’s blog reported a memorandum with Mitsubishi Electric and stated that White Square had 11 projects in Georgia, three of them complete. On 12 and 13 November 2026 the homepage counters read 11 ongoing and 6 completed projects with more than 2,500 completed apartments, a figure the developer states itself.
BasisBank’s partner-developer page on bb.ge describes White Square on Kavtaradze, 22 D Kavtaradze Street, as a completed complex with completion in December 2024 and a minimum area of 50 m², with the transfer condition given as white frame. The bank calls White Square its partner development company and links to w2.ge.
Construction contractor for the group is BK Construction. Its website, bkconstruction.ge, lists the group’s building projects from the builder’s side, and the About page on w2.ge states that the builder has worked in Georgia for more than 30 years.
How buying works with W2 Tetri Kvadrati Georgia
A purchase from W2 Tetri Kvadrati Georgia follows the same legal sequence as any developer purchase in Georgia, which our how-to-buy guide sets out step by step. The developer’s terms page states that listings, prices, areas and availability on w2.ge are information, that they may change without notice, that visuals and plans are illustrative, that sending a request through a form does not reserve a property, and that a transaction takes effect only when a contract is signed. Purchase conditions are set in a separate agreement.
The steps usually run as follows. To begin, choose the unit on w2.ge by block, floor and apartment number; the unit page prints area, rate, price and status. Next, request the plan: unit pages show a Custom Plan option for individual terms, and Sanzona and Varketili VI also show a Full Payment plan with 100 percent in advance. Then sign the reservation or pre-purchase agreement, which in our guide sets the price, the payment schedule, the construction stages that count as completion and the conditions for the final contract. After that, sign the written sale contract, either before a notary or at the registration authority before an authorised person; the guide notes that a reservation receipt does not transfer title and that the Georgian text of the contract is the binding version. Payment is then made by bank transfer to the account named in the contract. The guide notes that domestic payments are settled in lari at the National Bank of Georgia rate on the payment date even where the price is quoted in dollars; the unit pages on w2.ge show a lari amount alongside the dollar price, calculated at the rate stated in the page data, which was GEL 2.5933 per USD on 12 November 2026, while the National Bank rate valid from 7 November 2026 was GEL 2.5949 per USD according to our Tbilisi page.
Registration follows. The National Agency of Public Registry (NAPR) registers the right to the property, and ownership passes on registration. The fee for registering a change of right does not depend on the price and is GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing, according to the guide checked on 27 October 2026. A registry extract costs GEL 20 at the counter for one working day or GEL 13 online. The extract shows the owner, the area and the cadastral code of the property. For apartments under construction, the guide explains that title transfers once the building is complete and the conditions of the agreement are met, not at signing. Handover is set by the contract, which also states what passes on handover, including keys, meter readings and building documents.
Financing is arranged by the buyer. Developers’ own instalment schedules are set by the developer in the sale contract and are not governed by the National Bank’s lending framework, as our mortgage guide explains. Banks lend to non-residents on their own terms. The guide records down payments of from 20 percent on the Terabank and TBC product pages and National Bank loan-to-value limits of 90 percent for lari loans, 70 percent for foreign-currency loans and 80 percent for borrowers with income earned abroad (decision of 26 February 2025). BasisBank describes White Square as a partner developer for its Kavtaradze project, and the developer’s blog says Pasha Bank finances Jikia. Which bank or terms apply to a given unit is decided between the buyer, the bank and the developer.
Ownership route, registration, tax and residence rules for W2 Tetri Kvadrati Georgia buyers
Foreigners may own apartments in Georgia freehold. Under Article 32 of the Law on the Legal Status of Aliens and Stateless Persons, foreigners may own, inherit and bequeath property, and the main restriction concerns agricultural land, which the Constitution reserves for Georgian citizens and the state, as our guide for foreign buyers sets out. All ten W2 Tetri Kvadrati Georgia projects in this profile are apartment buildings, so the agricultural-land rule does not apply to them; the category recorded in the registry for the plot is the final check. Law texts are available on matsne.gov.ge, the Legislative Herald of Georgia.
Property tax applies to a natural person owning real estate. Under Law No. 1874 of 30 September 2026, as summarised in our property tax guide, property other than land is exempt if the family income in the previous year did not exceed GEL 100,000; above that the Tax Code sets a rate of 0.8 to 1 percent of market value, within a range chosen by the municipality. The return is due on 1 November and payment on 15 November; the Revenue Service, rs.ge, administers both. The guide finds no separate transfer tax or stamp duty, and notes that VAT or income tax can arise from particular transactions; it states that a sale of a residential apartment after more than two years is exempt from income tax, and that a sale within two years is taxed at 5 percent of the surplus.
Residence is a separate application. According to our residence permit guide and the Georgian Agency of Public Service Development (SDA), a temporary permit is available to a holder of non-agricultural property valued above USD 150,000 equivalent from 1 March 2026, replacing the earlier USD 100,000 threshold. The value is set by an accredited appraiser and not by the purchase price. Several properties can be combined to reach the threshold, each registered and valued separately; joint ownership is counted by share. The permit is renewable annually while the property remains registered to the holder, and a spouse and minor children can be included. Buying a property does not by itself grant a permit, and none of the W2 projects described here confers residence. The guide gives a processing time of about 30 calendar days from a complete file and no minimum stay.
Key facts about W2 Tetri Kvadrati Georgia
- W2, Tetri Kvadrati and White Square refer to the same developer in the sources cited: the website brand, the site title, and the English name used in announcements and by the bank.
- The About page places Tetri Kvadrati in BK Holding, with BK Construction and the Construct2 college.
- The homepage counters read 11 ongoing projects, 6 completed projects and more than 2,500 completed apartments; the developer describes itself as delivering projects since 2021.
- Head office: Vazha-Pshavela Avenue N70, Tbilisi; cities with projects: Tbilisi and Kutaisi.
- Ten projects are on our site: nine in Tbilisi (Saburtalo, Isani, Samgori, Varketili, Nadzaladevi) and one in Kutaisi.
- Prices are printed in US dollars as a rate per square metre; printed rates in the ten projects range from USD 700 to USD 1,800 per m².
- Completion dates printed by the developer: Varketili IV March 2028; Isani Park Blocks C and D December 2027 and Blocks A and B June 2029; Urban East, Varketili VI and Sanzona December 2028.
- Payment plans on w2.ge: Custom Plan on every project; Full Payment (100 percent in advance) at Sanzona and Varketili VI.
- Key Card, a resident loyalty programme with up to 50 partner companies, is described on w2.ge.
- Management named on w2.ge: Giorgi Natroshvili (Chief Executive Officer) and Irakli Burdiladze (Managing Partner).
W2 Tetri Kvadrati Georgia and other Georgia developers on our site
Our Georgia developers section profiles each developer for which we carry listings. The table below shows several other developers on our site, with the number of Georgia listings we carry for each and a link to its profile. The profiles use the same structure as this one, so the tables can be read side by side. The hub at Real estate developers in Georgia lists all of them.
| Developer | Website | Georgia listings on our site | Profile |
|---|---|---|---|
| W2 Tetri Kvadrati | w2.ge | 10 | This page |
| Archi Group | archi.ge | 19 | Archi Group Georgia |
| NEXT Property | next-property.com | 12 | NEXT Property Georgia |
| BLOX | blox.ge | 11 | BLOX Georgia |
| X2 Development | x2.ge | 10 | X2 Development Georgia |
| Orbi Group | orbi.ge | 6 | Orbi Group Georgia |
| Monolith Group | monolith.ge | 6 | Monolith Group Georgia |
| m2 Real Estate | m2.ge | 3 | m2 Real Estate Georgia |
The names W2 and m2 are separate: W2 is the brand of Tetri Kvadrati at w2.ge, and m2 Real Estate trades at m2.ge. The unit of area written m² in this profile is the square metre.
What to prepare when reserving with W2 Tetri Kvadrati Georgia
These are the documents and checks that a reservation with a developer normally involves in Georgia.
- A valid passport, with a translation where the contract requires one, and the buyer’s tax details if needed.
- The block, floor and apartment number from the unit page on w2.ge, with the area, rate and price printed there on the day of reservation.
- The reservation form or pre-purchase agreement, with the price, payment schedule and conditions of the final contract.
- The draft sale contract with the delivery date for the unit, the payment schedule and the finish level stated in writing.
- Confirmation of the lari amount due on each payment date, since domestic payments are settled in lari at the National Bank rate on the payment date.
- A recent Public Registry extract showing the owner of the land and the registered status of the building, and the cadastral code of the unit once it is registered.
- Bank details for the account named in the contract and proof of each payment that matches the contract.
- A fresh registry extract showing the buyer as owner after the registration application and the chosen fee tier.
- For a residence-permit application, an accredited appraiser’s valuation of the registered property.
Frequently Asked Questions
Are W2, Tetri Kvadrati and White Square the same developer?
W2 Tetri Kvadrati Georgia is the profile name for the developer behind w2.ge. The website brand is W2, the site title and copyright line read Tetri Kvadrati, and Tetri Kvadrati is the Georgian name for White Square. The developer’s terms page names White Square (თეთრი კვადრატი) as the operating company, and the developer’s announcements and the BasisBank partner page also use White Square.
Where does the developer build?
W2 Tetri Kvadrati Georgia builds in Tbilisi and Kutaisi. The ten projects on our site stand in Saburtalo (Mindeli, Filigreen 2, Jikia), Isani (Isani Park), Samgori (Urban East), the Varketili area (Varketili IV, V and VI) and Nadzaladevi (Sanzona), with one building on Lado Asatiani Street in Kutaisi.
What prices does the developer print?
W2 Tetri Kvadrati Georgia prints prices in US dollars as a rate per square metre. On unit pages read on 12 and 13 November 2026 the rate is USD 700 to 900 in Kutaisi, USD 1,145 to 1,245 at Urban East, USD 1,180 at Varketili VI, USD 1,200 at Varketili IV and V, USD 1,250 at Sanzona, USD 1,450 at Jikia, USD 1,470 to 1,560 at Isani Park and USD 1,800 at Filigreen 2. The price of a unit is its area multiplied by the rate.
What completion dates does the developer state?
W2 Tetri Kvadrati Georgia prints dates on some project pages: December 2027 for Isani Park Blocks C and D, June 2029 for Isani Park Blocks A and B, March 2028 for Varketili IV, and December 2028 for Urban East, Varketili VI and Sanzona. The Mindeli page marks Blocks 1 and 2 as Completed and Blocks 3 to 6 as Ongoing. The date that applies to a unit is the one in its sale contract.
Which payment plans are shown?
W2 Tetri Kvadrati Georgia shows a Custom Plan on its unit pages, which is arranged individually with the developer. Sanzona and Varketili VI also list a Full Payment plan with 100 percent paid in advance. Any instalment schedule is written into the sale contract.
Can a foreigner buy an apartment from the developer?
W2 Tetri Kvadrati Georgia sells apartments, and under Article 32 of the Law on the Legal Status of Aliens and Stateless Persons foreigners may own apartments freehold in Georgia. The restriction applies to agricultural land. The right is registered with NAPR, and ownership passes on registration, as our guide for foreign buyers explains.
Does buying a W2 apartment give a residence permit?
W2 Tetri Kvadrati Georgia apartments do not give residence by themselves. A temporary permit is a separate application to the SDA for a holder of non-agricultural property valued above USD 150,000 equivalent from 1 March 2026, with the value set by an accredited appraiser. Several registered properties can be combined to reach that value, and the permit is renewed annually while the property is held.
What property tax applies to an owner?
W2 Tetri Kvadrati Georgia buyers who are natural persons fall under the property tax rules in our guide. Since Law No. 1874 of 30 September 2026, property other than land is exempt if the family income in the previous year did not exceed GEL 100,000; above that the Tax Code sets 0.8 to 1 percent of market value. The return is due on 1 November and payment on 15 November.
Can a buyer use a bank mortgage?
W2 Tetri Kvadrati Georgia buyers may arrange a bank mortgage on terms set by the bank. BasisBank describes White Square as a partner developer for its Kavtaradze project, and the developer’s blog says Pasha Bank finances Jikia. Our mortgage guide records bank down payments of from 20 percent and National Bank loan-to-value limits; the bank’s written offer sets the final terms.
Last checked: 13 November 2026. Sources: the developer’s homepage, About, projects, apartments, contact, terms and 19 March 2025 announcement; Forbes Georgia, 4 August 2023; Business Association of Georgia, 23 March 2022; BasisBank partner-developer page; NAPR; Revenue Service; matsne.gov.ge; SDA; National Bank of Georgia; Geostat; Galt & Taggart.
