W2 Mindeli Tbilisi is a district of six residential blocks at Dzotsi Street 2 in Saburtalo, Tbilisi, and on 12 November 2026 the developer’s site, w2.ge, lists 92 apartments and 14 commercial spaces as available, with apartment prices printed from USD 98,350 to USD 326,962.

This guide to W2 Mindeli Tbilisi reads the pages of Tetri Kvadrati (brand w2, called White Square in English by several sources) as they stood on 12 November 2026 and sets beside them what Korter, Ark Invest, EstateHub, Expat Home Georgia and the contractor’s page print about unit totals, construction stage, handover and finish.
Where figures differ, each is shown with its source and date, and none is chosen. The guide adds the developer’s construction report of 14 September 2026, sourced district and metro context, the Georgian rules on buying, tax and residence, and a list of what to ask for in writing.
The developer’s project page describes Mindeli as a new district concept in Saburtalo that combines modern architecture with infrastructure for daily needs. It lists six residential blocks, commercial spaces, sports and children’s zones, an indoor pool, a padel court, parking areas and green recreational spaces.

It also names fire-safety systems and a backup generator for water pumps, lifts, parking, corridors, common areas and courtyard emergency lighting as equipment of the complex. These are the developer’s statements about what the complex will have, and the guide has not verified them on site.
Per the developer (w2.ge, checked 12 November 2026), Blocks 1 and 2 carry the badge Completed and Blocks 3 to 6 the badge Ongoing. The projects page counts six blocks, two of them completed, and 92 apartments available. Its card prints “From – 950 /m²” with no currency sign; the lowest rate on any apartment page is USD 950 per m², on two flats of about 160 m² (Block 1 and Block 2).
The figure of 92 includes reserved flats: 81 are marked free and 11 reserved, next to 14 commercial spaces (13 free, one reserved). Sold flats are not listed on the apartment pages.
The lowest price printed for a free apartment is USD 102,194 for a 55.3 m² flat in Block 6 (floor 5, apartment 43ა, USD 1,848 per m²); the lowest printed price overall is USD 98,350 for a reserved 56.2 m² flat (Block 2, floor 4, apartment 33). Prices are asking prices that can change, and w2.ge’s own Terms page says that prices, areas and availability may change without notice.
| W2 Mindeli Tbilisi | As printed (w2.ge, checked 12 November 2026, unless another source is named) |
|---|---|
| Developer | Tetri Kvadrati (brand w2); Korter, Ark Invest, EstateHub and Expat Home Georgia call it White Square |
| Address | Saburtalo, Dzotsi street 2, Tbilisi; Korter and Expat Home Georgia file it under Vake |
| Map point | 41.726727, 44.711492 (w2.ge map link) |
| Blocks and levels | Six blocks; numbered levels -3 to 11 (Blocks 1 and 2), -4 to 11 (Block 3), -5 to 17 (Blocks 4 to 6) |
| Status | Blocks 1 and 2 badged Completed; Blocks 3 to 6 badged Ongoing; no handover date printed |
| Apartments available | 92 (81 free + 11 reserved); 838 apartments on the floor maps, 746 of them marked sold |
| Commercial spaces available | 14 (13 free + 1 reserved); 18 on the floor maps |
| Apartment sizes (printed) | 55.3 to 366.2 m² on unit pages; developer text says “from 53 sq.m” |
| Apartment prices (printed) | USD 98,350 to 326,962; USD 950 to 2,289 per m²; median USD 1,320 per m² (calculated from the 92) |
| Payment plan | None printed; every unit page shows a “Custom Plan” box |
| Finish | Not printed by w2.ge; Korter says white frame, Ark Invest says green frame |
| Contractor | BK Construction, per its own project card and the older developer page |
Mindeli is described by one developer site and several third-party pages that were published or updated on different dates. The tables below set each figure beside its source. They are not reconciled: a reader comparing them should note which pages carry a date and which do not.

| Source and date | Figure | What it counts |
|---|---|---|
| w2.ge floor maps, counted by the guide, 12 November 2026 | 838 apartments + 18 commercial = 856 | Every apartment polygon on the six block maps (746 apartments and 4 commercial spaces marked sold) |
| w2.ge block cards, 12 November 2026 | 92 apartments + 14 commercial | Available spaces, reserved included (11 + 10 + 15 + 15 + 21 + 20 apartments) |
| Korter, page data of 3 November 2026 | 794 (108, 111, 85, 159, 161, 170 by block) | Apartments per block in its characteristics table; 6 to 9 below the w2.ge map count in every block |
| Korter, 3 November 2026 | 116 listings for sale, 2 for rent | Listing count, not a unit total |
| EstateHub, undated | 103 units, all shown available | Its own project record; 0 reserved, 0 sold |
| Older developer page and Ark Invest, undated | “More than 100” apartments per building | Developer wording repeated by the broker |
The totals range from 103 to 856 because the sources count different things: spaces still for sale, apartments on the maps, apartments in a characteristics table, or listings. The 44-unit gap between the w2.ge map (838 apartments) and Korter’s 794 is spread over all six blocks, and neither page explains it.
| Source and date | Blocks 1 and 2 | Blocks 3 and 4 | Blocks 5 and 6 / project |
|---|---|---|---|
| w2.ge, 12 November 2026 | Badge Completed | Badge Ongoing | Badge Ongoing; no date on any block |
| Developer report, 14.09.2026 | Parking, lifts, facade and roof works finished or in finishing (section 3) | Block 3: monolithic works on the 4th floor; Block 4: slab over floor 21 poured | Block 5: second residential floor slab; Block 6: pit excavation being completed |
| Korter, 3 November 2026 | Block 1 completed Q4 2025, Block 2 completed Q2 2026 (both described as delivered) | Q4 2026 (Block 3; Block 4 per its FAQ) | Q4 2026 per its FAQ |
| Ark Invest, undated | September 2025 | December 2026 | December 2027 (specification box: Finish Date 31 Dec 2027) |
| Expat Home Georgia, undated | Not split by block | Handover Q4 2026 for the project | Not split by block |
| EstateHub, undated | Not split by block | Start October 2024, completion October 2026 (project) | Not split by block |
| BK Construction, undated | Not split by block | Start 03.2023, completion 03/2025 (project card) | Not split by block |
Handover therefore has no single answer. The developer’s report of 14 September 2026 describes Block 6 at pit excavation and Block 5 at its second residential floor slab, while Korter lists Blocks 4 to 6 for Q4 2026 and Ark Invest lists Blocks 5 and 6 for December 2027. The guide shows each statement as printed and does not reconcile them. Only the handover date written into a sale agreement binds the seller, so it is the first item in section 9.
| Point | w2.ge (12 November 2026) | Other sources |
|---|---|---|
| Storeys | Numbered levels: 14, 14, 15, 22, 22, 22 (negative floors included) | Korter: 10, 11 and 11 floors for Blocks 1 to 3 and “14-22” in its characteristics; Ark Invest: “Floors: 17” |
| Smallest apartment | 55.3 m² on unit pages; developer text “from 53 sq.m” | Korter: 41.8 m² in characteristics, 63 m² in text; Ark Invest: 56 m² |
| District | Saburtalo | Korter and Expat Home Georgia: Vake; the OpenStreetMap address nearest the w2.ge point sits in a Vake District boundary |
| Map point | 41.726727, 44.711492 | EstateHub: 41.72582699, 44.71214621, about 114 m away (calculated) |
| Cadastral code | Not printed | Korter and EstateHub: 01.14.01.008.097 |
| Finish | Not printed | Korter: white frame; Ark Invest: green frame |
The six blocks differ in height, status and stock, and the floor maps show the difference. Blocks 1 and 2 are the two 14-level buildings, Block 3 has 15 numbered levels and Blocks 4, 5 and 6 have 22 each, which matches the developer’s older description of two 14-storey, one 15-storey and three 22-storey buildings only if the negative-numbered floors are counted. The table combines the Block 1, 2, 3, 4, 5 and 6 floor maps of 12 November 2026 with the report dated 14.09.2026.

| Block | w2.ge badge | Numbered levels | Apartments on map | Marked sold | Available (free + reserved) | Commercial available | Report of 14.09.2026 |
|---|---|---|---|---|---|---|---|
| Block 1 | Completed | -3 to 11 | 114 | 103 | 11 (10 + 1) | 1 | Parking works finished; both lifts installed; lift-shaft painting under way |
| Block 2 | Completed | -3 to 11 | 120 | 110 | 10 (7 + 3) | 1 | Facade finished; roof waterproofing and screed finished; parking line marking and lift-shaft painting under way |
| Block 3 | Ongoing | -4 to 11 | 92 | 77 | 15 (13 + 2) | 6 | Monolithic works on the 4th floor; perimeter wall framing finished from floor -2 to floor 2; block laying on floor 2 |
| Block 4 | Ongoing | -5 to 17 | 168 | 153 | 15 (13 + 2) | 2 | Slab over floor 21 poured; perimeter wall framing to floor 12; aluminium doors and windows installed from floor -3 to 6 |
| Block 5 | Ongoing | -5 to 17 | 168 | 147 | 21 (20 + 1) | 2 | Slab of the 2nd residential (7th structural) floor under way |
| Block 6 | Ongoing | -5 to 17 | 176 | 156 | 20 (18 + 2) | 2 | Pit excavation being completed |
| All blocks | 2 + 4 | 838 | 746 | 92 (81 + 11) | 14 |
The report is in Georgian and sits on the older developer site, old.w2.ge; the new w2.ge pages carry a banner saying the site is running in test mode and linking to the old site.
The report counts structural floors: for Block 5 it puts the second residential floor at the seventh structural floor, which suggests that five levels below the first residential floor are counted. If Block 4 is counted the same way, floor 21 would be its 16th residential level; that conversion is the guide’s inference, not a statement in the report.
The share of each map still available is also uneven. Calculated from the map counts, the figures are about 9.6% for Block 1, 8.3% for Block 2, 16.3% for Block 3, 8.9% for Block 4, 12.5% for Block 5 and 11.4% for Block 6, or 11.0% across all six. The floor maps use the same three markings (sold, reserved, free) in every block regardless of construction stage, so a marking says nothing about how far a block has been built.
The numbering of levels matters when reading the stock. Floors numbered -3 to -1 hold 36 of the 92 available apartments: 5 on floor -3, 11 on -2 and 20 on -1.
A further 15 are on floor 1, and the rest are spread over floors 4 to 12 and 15 to 17, with none available on floors 2, 3, 13 or 14. The pages publish no section drawing, so how far below street level a given negative floor lies, and what ceiling height and daylight it has, are questions for the seller.
Available stock by block and by the room label that w2.ge prints is as follows. The site’s own filter is labelled “bedroom” with values 1 to 4, which equal the printed room count minus one; unit pages print rooms 2 to 5. Room breakdowns on the pages list a living kitchen and a hall in addition to bedrooms, so a flat labelled 3 rooms shows two bedrooms.
| Block | 2 rooms | 3 rooms | 4 rooms | 5 rooms | Apartments available | Printed price, USD | Printed USD per m² |
|---|---|---|---|---|---|---|---|
| Block 1 | 4 | 5 | 1 | 1 | 11 | 118,450 to 287,456 | 950 to 1,365 |
| Block 2 | 2 | 4 | 1 | 3 | 10 | 98,350 to 287,347 | 950 to 1,750 |
| Block 3 | 3 | 10 | 1 | 1 | 15 | 103,303 to 303,866 | 1,202 to 2,289 |
| Block 4 | 3 | 6 | 4 | 2 | 15 | 121,414 to 325,267 | 1,202 to 2,289 |
| Block 5 | 5 | 6 | 8 | 2 | 21 | 107,052 to 326,962 | 1,167 to 2,289 |
| Block 6 | 4 | 6 | 7 | 3 | 20 | 102,194 to 326,459 | 1,167 to 2,289 |
| All | 21 | 37 | 22 | 12 | 92 | 98,350 to 326,962 | 950 to 2,289 |
Block 5 has the most available apartments (21) and eight of its 4-room flats, while Block 3 offers ten of the 37 flats labelled 3 rooms. Block 1 has the smallest choice of larger layouts, with one 4-room and one 5-room flat. These counts change as flats are reserved or sold.
Each apartment page on w2.ge prints a price in dollars, a price per square metre and an area, and also shows a lari figure at the rate of GEL 2.5933 per dollar, the National Bank of Georgia’s official rate for 12 November 2026. At that rate the lowest free price, USD 102,194, is about GEL 265,000. The tables use the dollar figures as printed; the 106 pages (92 apartments and 14 commercial spaces) were read on 12 November 2026.

| Printed room label | Apartments (free + reserved) | Area, m² | Price, USD | USD per m² | Median price, USD |
|---|---|---|---|---|---|
| 2 rooms | 21 (18 + 3) | 55.3 to 236.6 | 98,350 to 152,760 | 950 to 2,289 | 123,816 |
| 3 rooms | 37 (33 + 4) | 104.7 to 366.2 | 137,798 to 265,753 | 1,202 to 2,289 | 169,255 |
| 4 rooms | 22 (18 + 4) | 111.6 to 244.8 | 147,312 to 294,245 | 1,150 to 1,416 | 257,480 |
| 5 rooms | 12 (12 + 0) | 131.5 to 365.2 | 165,032 to 326,962 | 1,098 to 2,289 | 288,509 |
| All apartments | 92 (81 + 11) | 55.3 to 366.2 | 98,350 to 326,962 | 950 to 2,289 | 177,175 |
The median printed price among the 92 apartments is USD 177,175, the median area is 142.4 m² and the median rate is USD 1,320 per m² (all calculated by the guide). The widest spread is in the 3-room and 5-room labels, where areas run from about 105 to 366 m² and 131 to 365 m². Because the room label counts the living kitchen, it is a poor guide to size: a 2-room flat is listed at 55.3 m² and another at 236.6 m².
That last figure comes from one of 15 units whose printed area, price and rate do not agree with each other (section 5). The next table repeats the ranges for the other 77 apartments so that the effect of those 15 units can be seen. Showing both is a presentation choice; neither table corrects a printed figure.
| Printed room label (without the 15 units) | Apartments (free + reserved) | Area, m² | Price, USD | USD per m² | Median price, USD |
|---|---|---|---|---|---|
| 2 rooms | 15 (12 + 3) | 55.3 to 160.8 | 98,350 to 152,760 | 950 to 1,848 | 120,120 |
| 3 rooms | 33 (29 + 4) | 104.7 to 171.3 | 138,204 to 242,561 | 1,202 to 1,416 | 168,478 |
| 4 rooms | 19 (16 + 3) | 111.6 to 244.8 | 147,312 to 294,245 | 1,150 to 1,416 | 263,580 |
| 5 rooms | 10 (10 + 0) | 131.5 to 261.8 | 165,032 to 326,962 | 1,098 to 1,365 | 287,402 |
| 77 apartments | 77 (67 + 10) | 55.3 to 261.8 | 98,350 to 326,962 | 950 to 1,848 | 176,076 |
By floor level the picture is as follows. The table groups the 92 available apartments by the floor number printed on each page. Only floors with available flats appear, and the top band is dominated by Blocks 4 to 6, the only blocks that reach floors 12 to 17.
| Floor band | Apartments | Area, m² | Price, USD | USD per m² | Median USD per m² |
|---|---|---|---|---|---|
| Basement levels -5 to -1 | 36 | 102.1 to 261.8 | 118,450 to 326,962 | 1,098 to 1,416 | 1,293 |
| Floors 1 to 3 | 15 | 81.1 to 157.3 | 103,163 to 214,714 | 1,150 to 2,289 | 1,320 |
| Floors 4 to 7 | 11 | 55.3 to 158.3 | 98,350 to 204,682 | 1,202 to 1,848 | 1,320 |
| Floors 8 to 11 | 13 | 121.7 to 359.4 | 137,798 to 303,866 | 950 to 2,289 | 1,320 |
| Floors 12 to 14 | 3 | 94.1 to 182.7 | 123,816 to 242,088 | 1,202 to 1,320 | 1,320 |
| Floors 15 to 17 | 14 | 65.0 to 366.2 | 120,120 to 325,267 | 1,167 to 2,289 | 2,068 |
The basement band holds the most apartments (36) and has a median rate of USD 1,293 per m², close to the overall median. The top rate, USD 2,289 per m², appears in the bands for floors 1 to 3, 8 to 11 and 15 to 17 but belong only to units of the 15-unit group.
For the other 77 apartments the rate runs from USD 950 to USD 1,848 per m² and shows no steady rise with height: the five smallest flats (55.3 to 65.7 m²) print the top of that range, USD 1,750 to 1,848, while the two flats at USD 950 per m² have about 160 m² each.
Price per flat and price per square metre therefore point in different directions. The cheapest free flat is a 55.3 m² unit at USD 1,848 per m²; the lowest rate is on flats priced at USD 152,475 and USD 152,760; and the dearest flats are 5-room units near 260 m² at USD 1,259 per m² (a basement flat at USD 326,962) or the 365 m² units at USD 2,289 per m².
A buyer comparing offers should compare the same area, the same level and the same finish, and ask the seller for a price list that states all three.
For 15 of the 92 apartments, the printed price divided by the printed rate per square metre does not give the printed area. The table lists them as printed, with the calculated area in a separate column.

Examples on the site are Block 3, floor 11, apartment 84 (area 359.4 m², price USD 197,312, USD 2,289 per m²) and Block 5, floor 17, apartment 160 (366.2 m², USD 265,753, USD 2,289 per m²). The guide does not know which of the three figures is the intended one, and it does not repair them.
| Block | Floor | Apartment | Printed area, m² | Printed price, USD | Printed USD per m² | Price divided by rate, m² | Status |
|---|---|---|---|---|---|---|---|
| Block 3 | 1 | 12 | 118.0 | 131,618 | 2,289 | 57.5 | Free |
| Block 3 | 10 | 83 | 192.9 | 216,310 | 2,289 | 94.5 | Free |
| Block 3 | 11 | 84 | 359.4 | 197,312 | 2,289 | 86.2 | Free |
| Block 3 | 11 | 85 | 235.0 | 137,798 | 2,289 | 60.2 | Free |
| Block 4 | -1 | 11 | 178.6 | 234,168 | 1,320 | 177.4 | Free |
| Block 4 | 1 | 17 | 106.8 | 140,052 | 1,320 | 106.1 | Free |
| Block 4 | 16 | 159 | 160.4 | 145,123 | 2,289 | 63.4 | Free |
| Block 4 | 17 | 160 | 365.2 | 325,267 | 2,289 | 142.1 | Free |
| Block 5 | 6 | 48 | 140.2 | 184,140 | 1,320 | 139.5 | Reserved |
| Block 5 | 12 | 107 | 182.7 | 242,088 | 1,320 | 183.4 | Free |
| Block 5 | 16 | 159 | 164.7 | 145,352 | 2,289 | 63.5 | Free |
| Block 5 | 17 | 160 | 366.2 | 265,753 | 2,289 | 116.1 | Free |
| Block 5 | 17 | 161 | 236.6 | 140,087 | 2,289 | 61.2 | Free |
| Block 6 | 16 | 168 | 159.2 | 144,894 | 2,289 | 63.3 | Free |
| Block 6 | 17 | 169 | 365.0 | 315,195 | 2,289 | 137.7 | Free |
Eleven of the 15 print USD 2,289 per m² and four print USD 1,320 per m²; in the four USD 1,320 cases the difference is 0.7 to 1.2 m² and may be rounding of the area, whereas in the USD 2,289 cases the calculated area is between about 57 and 142 m², far from the printed 118 to 366 m².
The practical consequence is for the reader’s own arithmetic: multiplying area by rate does not reproduce the printed price for these units, so any comparison of price per m² across the block should name the units used.
A second point concerns an unexplained badge. Twenty-one available apartments, in Blocks 1, 3, 4, 5 and 6, carry the label “Investment Fund” on their unit pages. All 21 print USD 1,320 per m², and no apartment outside this group prints that rate; the median rate for the whole project is therefore the rate of this group.
The site does not say what the label means, who it refers to or whether it changes the terms of sale, and the guide draws no conclusion. It is one of the questions in section 9.
The 14 commercial spaces on the w2.ge lists are priced at one rate, USD 1,300 per m², so their prices follow area alone. Eleven of them are on levels numbered -5 to -3 and three on floors 2 and 3 of Block 3. The pages do not describe permitted use, ceiling height or layout for commercial spaces.
| Block | Spaces available | Floors | Area, m² | Printed price, USD | USD per m² |
|---|---|---|---|---|---|
| Block 1 | 1 (1 free, 0 reserved) | -3 | 451.4 to 451.4 | 586,820 to 586,820 | 1,300 |
| Block 2 | 1 (0 free, 1 reserved) | -3 | 451.3 to 451.3 | 586,690 to 586,690 | 1,300 |
| Block 3 | 6 (6 free, 0 reserved) | -4, -3, 2, 3 | 118.9 to 395.6 | 154,570 to 514,280 | 1,300 |
| Block 4 | 2 (2 free, 0 reserved) | -5, -4 | 413.4 to 436.3 | 537,420 to 567,190 | 1,300 |
| Block 5 | 2 (2 free, 0 reserved) | -5, -4 | 357.6 to 436.2 | 464,880 to 567,060 | 1,300 |
| Block 6 | 2 (2 free, 0 reserved) | -5, -4 | 384.1 to 436.6 | 500,370 to 567,580 | 1,300 |
| All blocks | 14 (13 free, 1 reserved) | -5 to 3 | 118.9 to 451.4 | 154,570 to 586,820 | 1,300 |
Listing sites and brokers print their own price figures for the project. They are indications of what those pages show, not prices set by the developer, and they were taken on different dates. The developer’s figures come from the unit pages read on 12 November 2026.

| Source and date | What it prints | Basis |
|---|---|---|
| w2.ge, 12 November 2026 | Apartments USD 98,350 to 326,962; USD 950 to 2,289 per m²; card “From – 950 /m²” | Developer unit pages; reserved flats included |
| Korter, 3 November 2026 | Developer apartments from USD 118,450; price per m² from USD 1,700; 1-room (65 m²) from USD 110,500; 2-room from USD 150,280; 3-room from USD 217,090; 4-room from USD 296,990; 5-room from USD 370,940 | Listing-site indication; its room labels and area ranges differ from w2.ge’s and it counts 56 apartments by type |
| Ark Invest, undated | Price range USD 950 to 1,500; area range 56 to 253 m² | Broker indication |
| EstateHub, undated | From USD 87,965; twelve sample units show USD 998 to 1,320 per m² | Aggregator indication |
| Expat Home Georgia, undated | From USD 103,163 | Broker indication |
| Georgia Today on Geostat, 26 October 2026 | Saburtalo new-build flats GEL 4,444 per m² in the third quarter of 2026, about USD 1,714 at GEL 2.5933 (calculated) | Median offer prices of new flats in the district, web-scraped, any finish |
The Geostat release covers only the market of new residential property in Tbilisi and says its district prices are median offer prices obtained by web scraping. It gives the Tbilisi index change as +5.9% on the third quarter of 2025 and +1.5% on the previous quarter.
The Mindeli median of USD 1,320 per m² is about GEL 3,423 at the same rate, but the two figures are not like for like: the district figure covers all new-build offers in Saburtalo at any frame condition, while Mindeli’s finish is not stated. For wider context see the guide to Tbilisi real estate prices.
| Item | Source | What it prints |
|---|---|---|
| Finish | w2.ge | No finish described on the project or unit pages |
| Finish | Korter, 3 November 2026 | White frame; ceiling height 3.0 m; metal-plastic double-glazed windows; entrance doors; main utilities connected; open balconies without glazing |
| Finish | Ark Invest, undated | “Green frame” |
| Finish term elsewhere | BasisBank page for White Square on Kavtaradze | Lists white frame as the transfer condition for that other project, not for Mindeli |
| Frame terms in statistics | Geostat release | Reports new-flat prices by white, green and black frame without defining the terms |
| Payment plan | w2.ge | Empty payment-plan list on all 106 unit pages; a “Custom Plan” box invites an enquiry (no enquiry was made) |
| Payment options | Korter, 3 November 2026 | Full payment, or a TBC Bank mortgage; example rate from 7.4% nominal and 8.3% effective, linked to Term SOFR; example loan USD 93,925; down payment and term fields blank |
The finish is the biggest open question for budgeting. A white frame and a green frame are market terms rather than statutory ones, and each developer defines them in the contract.
The sources here give two different labels, and the developer gives none, so the table of what is included at handover (walls, screed, plaster, sanitary points, wiring, doors) has to come from the seller in writing. The Korter mortgage example is a calculator illustration with blank fields, not a bank offer, and the guide does not treat it as a standing rate.
| Bank | Statement | Where it comes from | Project it concerns |
|---|---|---|---|
| BasisBank | Calls White Square its partner development company; links w2.ge | The bank’s own page, undated | White Square on Kavtaradze (completed December 2024) |
| Pasha Bank | Financing secured through a partnership | Developer news item, 19 March 2025; no page on the bank’s own site found | Jikia |
| Bank of Georgia | Project financed by the bank; extra 3% subsidy offer | Developer news item, 2 September 2021; the offer may have ended | Shartava |
| TBC Bank | Mortgage example shown on Korter | Listing site; no TBC page naming the developer found in this check | Mindeli (as shown by Korter) |
None of these statements names a bank as partner for Mindeli on a bank’s own site. Which banks accept a given flat, and on what terms, is something to establish with the bank directly, with the written confirmation listed in section 9.
The developer prints the address as Saburtalo, Dzotsi street 2. The Georgian district of Saburtalo is, according to Wikipedia, an administrative district of the capital that includes the neighbourhoods of Lower Saburtalo, Vedzisi, Lisi, Vashlijvari, Didi Dighomi and Patara Dighomi, with a population of 139,000 in 2017. Tbilisi as a whole had 1,369.4 thousand residents on 1 January 2026 out of 3,941.1 thousand in Georgia, per the Geostat population release, about 34.7% of the national total (calculated).

The label Vake that Korter and Expat Home Georgia use has a source of its own. A lookup of the w2.ge map point on OpenStreetMap returns a Dzotsi Street address filed under Vake District, so the street lies near the boundary between the two districts. The guide uses the developer’s Saburtalo label and records the other as a second labelling of the same place.
For transport the nearest rail link is the State University station. Wikipedia describes it as the western terminus of the Saburtalo Line, opened on 16 October 2017.
From the w2.ge point to the coordinates given there it is 664 m in a straight line (calculated); the OpenStreetMap station node is 726 m away, its entrances between 606 and 706 m, and Korter prints 780 m. All of these are straight-line or portal figures, not walking routes, and the walking time depends on the entrance used and the crossings.
Korter lists a public transport stop 220 m from the complex and says minibuses 401 and 476 and bus 326 run at intervals of about twenty minutes. The guide has not checked those routes against the city’s transport operator. Korter also says that the major roads run more than half a kilometre away and that mid-rise buildings predominate in the area; both are the portal’s description.
On everyday services, Korter names within 1.5 km the Grigol Peradze Pedagogical University, the Central Library and Tbilisi State University, public schools No. 35 and No. 128, and kindergartens, and it names a medical centre, two private clinics and, within 4 km, the Republican Hospital.
OpenStreetMap records show Innova Medical Center 453 m, the Olimp school 537 m, Sokhumi State University 750 m, public school No. 128 at 988 m and No. 35 at 1.19 km from the point; the main Ivane Javakhishvili Tbilisi State University campus is 5.3 km away in a straight line, so the portal’s wording refers to a nearer university site or is approximate.
Green space is close: the Omar Kelaptrishvili Park is 357 m and the Ramaz Mghebrishvili Park 551 m away on OpenStreetMap, and a Fresco supermarket is 644 m away. These are map records of named places, not a judgement of quality. The distances to the city centre, the station and the airport come from a public routing service and are free-flow estimates without traffic.
| Place | Straight line from the w2.ge point | Road (OSRM), free flow | What portals print |
|---|---|---|---|
| State University metro station | 0.66 km (Wikipedia coordinates); 0.73 km (OSM station node) | Not routed | Korter: 780 m |
| Omar Kelaptrishvili Park | 357 m (OSM) | Not routed | Not printed |
| Innova Medical Center | 453 m (OSM) | Not routed | Korter: among private clinics within walking distance |
| Olimp school | 537 m (OSM) | Not routed | Not printed |
| Fresco supermarket | 644 m (OSM) | Not routed | Korter: supermarkets nearby, no distance |
| Sokhumi State University | 750 m (OSM) | Not routed | Korter: in the district |
| Freedom Square | 8.3 km | 11.0 km, 16 min | Not printed |
| Tbilisi Central railway station | 7.3 km | 9.7 km, 14 min | Korter: railway station and Didube bus terminal about 9 km |
| Tbilisi International Airport | 21.3 km | 28.3 km, 37 min | Korter: about 45 minutes by car |
Place coordinates are taken from OpenStreetMap contributors and road figures from the OSRM demonstration service on 12 November 2026, so they are indications and not survey results. Where the Korter drive time to the airport (about 45 minutes) is longer than the routing result (37 minutes), the difference is consistent with traffic, which the routing service does not model.
Under Article 183(1) of the Civil Code, a transaction in immovable property must be in writing and the acquirer’s ownership right must be registered in the Public Registry; ownership therefore starts at registration, not at payment. Nationality limits apply to agricultural land under the Organic Law on Agricultural Land Ownership, and an apartment in a residential block is not agricultural land. The guide to whether foreigners can buy property in Georgia covers the general position.

The National Agency of Public Registry publishes its fees. On its fee page, registering a change of a right to immovable property costs GEL 150 within 4 working days, GEL 270 within 1 working day and GEL 350 on the day of filing; at GEL 2.5933 per dollar those are about USD 57.8, 104.1 and 135.0.
The same fees apply to registering an obligation connected to an ownership right, which may be the category for a contract on a flat not yet built, and the registry can confirm which applies.
A buyer abroad can use a power of attorney legalised for Georgia or the registry’s smart-contract service, which registers immovable property rights online through a booked virtual meeting. Georgia acceded to the Apostille Convention on 21 August 2006, with entry into force on 14 May 2007 per the Hague Conference table. For the order of steps in practice, see the guide on how to buy property in Georgia.
| Step | Who | Time and fee | Source |
|---|---|---|---|
| Ask for the price list, unit plan and draft contract in writing | Buyer, seller | Not published; w2.ge Terms say a request form is not a reservation | w2.ge Terms |
| Order a Public Registry extract for the plot | Buyer, NAPR | GEL 20 in 1 working day, GEL 13 via the internet; GEL 26 extra for English | NAPR fees |
| Compare the cadastral code with the extract | Buyer or lawyer | Korter and EstateHub print 01.14.01.008.097; not checked against the registry | Korter; EstateHub |
| Sign the written agreement | Buyer, seller | Date and terms set in the contract; not published | Civil Code art. 183 |
| Pay under the contract schedule | Buyer | No schedule published by the developer | w2.ge unit pages |
| Register the right or the obligation | Buyer, NAPR | GEL 150 in 4 working days, GEL 270 in 1, GEL 350 same day | NAPR fee page |
| Sign remotely, if needed | Buyer, NAPR | Virtual meeting booked online; apostille in force for Georgia since 14 May 2007 | NAPR; Hague Conference |
The rules on property tax for individuals were rewritten by Law No. 1874 of 30 September 2026, recorded in the amendment list of the consolidated Tax Code. Article 202(5) sets the rate on a natural person’s taxable property other than land at not less than 0.8% and not more than 1% of its market value at the end of the previous year, and Article 206(1)(a) exempts that property if the family’s income in the previous year did not exceed GEL 100,000.
The EY Georgia brief for July to September 2026 reports that the previous threshold was GEL 40,000 and that the amendment took effect on publication; guides written before it may still print the older figure.
Article 201 lists real estate, including an unfinished construction, among the taxable objects of a natural person. For a buyer under a contract signed before completion, whether the buyer counts as the owner in this sense turns on the contract and on what the registry records. Article 205 gives an individual until 1 November to file the property tax return and until 15 November to pay it. The Revenue Service page and the guide to property tax in Georgia describe the filing.
Other rules in the Tax Code concern letting and sale. Rent received by a natural person for residential space is taxed at 5% where no deductions are made (Article 81(2)), the general personal income rate is 20% (Article 81(1)), and surplus income on the sale of a residential apartment is taxed at 5% (Article 81(3)) but exempt for an apartment owned for more than two years (Article 82(1)(f.a)).
VAT is 18% (Article 166), and whether a quoted price includes it is a term to confirm in the contract.
The Public Service Development Agency lists a short-term residence permit for an alien who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor, and an investment residence permit for property exceeding USD 300,000. The Law on Aliens uses the same figures in Article 15, subparagraphs h and j. The value that counts is the assessor’s, not the price in the contract.
Placed against that rule, the printed prices on w2.ge divide as follows: 24 of the 92 apartments print a total price at or below USD 150,000, 68 print a price above it, and five print above USD 300,000. These counts only locate the printed asking price; they say nothing about whether a particular flat would meet the assessor’s valuation, and the guide to the residence permit covers the process.
On financing, the National Bank of Georgia sets a maximum loan-to-value ratio of 90% for loans in lari and 70% for foreign-currency loans, and payment-to-income limits of 20% (under GEL 1,500 net monthly income) and 30% (from GEL 1,500) for foreign-currency loans unless the income is in that currency; for lari loans, or foreign-currency loans where the income is in the same currency, the limits are 25% and 50%. Each bank sets its own conditions for non-residents, as the mortgage guide for foreigners explains.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | 0.8% to 1% of market value; exempt if the previous year’s family income did not exceed GEL 100,000; return by 1 November, payment by 15 November | Tax Code arts. 202(5), 205, 206(1)(a); EY Georgia brief |
| Rental income, individual | 5% on residential rent with no deductions; 20% general rate | Tax Code art. 81(1)-(2) |
| Sale of an apartment | Surplus taxed at 5%; exempt for a residential apartment owned more than two years | Tax Code arts. 81(3), 82(1)(f.a) |
| VAT | 18%; inclusion in the price is a contract term | Tax Code art. 166 |
| Short-term residence permit | Property other than agricultural land with a market value exceeding USD 150,000 equivalent in GEL, set by a certified assessor | Public Service Development Agency; Law on Aliens art. 15(j) |
| Investment residence permit | Property exceeding USD 300,000 equivalent in GEL | Public Service Development Agency; Law on Aliens art. 15(h) |
| Mortgage limits | LTV 90% (lari) and 70% (foreign currency); PTI limits as above | National Bank of Georgia |
| Exchange rate used | USD 1 = GEL 2.5933 on 12 November 2026 | National Bank of Georgia |
The developer’s pages leave several items unpublished, and the sources disagree on others. Each gap becomes a document or an answer that can be requested before any payment. Some answers belong in the reservation form and the rest in the sale agreement itself.

These are requests for documents and answers, not an opinion on any of them. A lawyer licensed in Georgia can compare the draft contract with the list.
The w2.ge projects page counts 11 ongoing and six completed projects. The table lists the nine other ongoing projects that have a guide on this site, with the data of the w2.ge cards on 12 November 2026: the flats the card counts as available and the “from” rate per m². The card does not say which unit type or finish the rate refers to, and counts reserved flats among the available ones. The table ranks nothing.
| W2 Mindeli Tbilisi and other w2 projects | Address on the w2.ge card | Flats counted available | Card “from”, USD per m² | Handover on w2.ge |
|---|---|---|---|---|
| W2 Mindeli Tbilisi (this guide) | Saburtalo, Dzotsi street 2 | 92 | 950 | Not printed |
| W2 Isani Park Tbilisi | Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street | 612 | 1,225 | Blocks C and D December 2027; A and B June 2029 |
| W2 Urban East Tbilisi | Tbilisi, 63 Kakheti Highway | 214 | 1,110 | December 2028 |
| W2 Filigreen 2 Tbilisi | Saburtalo, Giorgi Danelia st. 61 | 6 | 1,350 | Not printed |
| W2 Jikia Tbilisi | Saburtalo, Politkovskaya str. 12 | 7 | 1,450 | Not printed |
| W2 Varketili VI Tbilisi | 38A Shuamta St., Varketili | 8 | 1,180 | December 2028 |
| W2 Sanzona Tbilisi | Nadzaladevi, Chargali St. 50 | 8 | 1,250 | December 2028 |
| W2 Varketili V Tbilisi | Varketili, III Microdistrict, Block X, Building 9 | 10 | 1,200 | March 2028 (Georgian page only) |
| W2 Varketili IV Tbilisi | Varketili III Microdistrict, Shuamta Street 40 | 5 | 1,200 | March 2028 |
| W2 Kutaisi Georgia | Kutaisi, Lado Asatiani Street 96 | 17 | 700 | Not printed |
Two other w2 projects sit in Saburtalo, like Mindeli: W2 Filigreen 2 Tbilisi on Giorgi Danelia Street and W2 Jikia Tbilisi on Politkovskaya Street. They have far fewer flats on sale than Mindeli, which has the most listed stock of the three, and the Jikia and Filigreen pages print no handover date either.
Among other developers on this site, m2 Highlight Tbilisi is another Saburtalo project whose developer prints asking prices, while Archi Universe Tbilisi and Archi Nutsubidze 2 Tbilisi are Saburtalo projects whose developer prints no price. The pages differ in what they publish, so figures across them are not directly comparable. The Tbilisi page and the Georgia page list the other projects on this site.
Everything in this section is the developer’s own statement unless another source is named, read on 12 November 2026. The About page says Tetri Kvadrati is part of BK Holding, a group that includes the construction company BK Construction and the construction college Construct2, and that BK Construction has worked in Georgia for over 30 years. It says the company brings together projects in Tbilisi and Kutaisi, and it names a chief executive officer, Giorgi Natroshvili, and a managing partner, Irakli Burdiladze.
On the home page the company displays the counters 11 ongoing projects, 6 completed projects and 2,500+ completed apartments, next to the line “5+ years” and the words “since 2021”. They are the company’s own numbers, not audited here, and other sources give different project counts depending on the date. The Terms page, in Georgian, names White Square as the operator of the site. A 2022 note of the Business Association of Georgia says BK Construction and White Square, owned by BK Holding, became members.
The Key Card page describes a resident programme that unites up to 50 partner companies with discounts on renovation materials, furniture, appliances and other categories, and lists 46 partners with discount labels. It does not state who is eligible, how the card is issued or how long it is valid. The contractor named for Mindeli is BK Construction, whose own project card lists White Square as client.
W2 Mindeli Tbilisi is a residential district in Saburtalo with six blocks, commercial spaces, parking and sports and children’s zones, built by Tetri Kvadrati (w2) at Dzotsi Street 2. On 12 November 2026 w2.ge badges Blocks 1 and 2 as Completed and Blocks 3 to 6 as Ongoing. The contractor is BK Construction. Most of the 838 apartments on the floor maps are marked sold, and 92 are listed as available.
On 12 November 2026 w2.ge lists 92 apartments: 81 free and 11 reserved, plus 14 commercial spaces (13 free, one reserved). Block 5 has the most available apartments (21) and Block 2 the fewest (10). Other sites print other totals, from 103 to 794, because they count different things. The figures also change as flats are reserved or sold, so the date of a count matters as much as the number.
The developer’s unit pages print USD 98,350 to 326,962 for apartments, or USD 950 to 2,289 per m², with a median of USD 1,320 per m². The lowest price for a free flat is USD 102,194 for 55.3 m². For 15 units the printed area, price and rate do not agree. These are asking prices that change, and listing sites print different figures.
Each source counts something different: spaces still for sale (92), apartments on the floor maps (838), the apartments in a characteristics table (794), a project record (103) or the number of listings (116). None of the pages explains how its figure was compiled or why it differs from the others. The guide shows each figure with its source and date, and it does not pick one, because only the seller can say which count applies to a given block on a given day.
w2.ge prints no handover date. Ark Invest gives September 2025, December 2026 and December 2027 by pair of blocks, Korter gives Q4 2026 for Blocks 3 to 6, EstateHub gives October 2026 and Expat Home Georgia Q4 2026. The developer’s report of 14 September 2026 shows Block 6 at pit excavation and Block 5 at a floor slab. None of these dates is the seller’s undertaking to a buyer, so the date written into the contract for the specific block is the one that binds.
w2.ge does not describe the finish. Korter says white frame, with 3.0 m ceilings and double-glazed windows, and Ark Invest says green frame. These are market terms that each developer defines, and they are not statutory categories. A written list of what is included at handover, covering walls, floors, plaster, wiring, sanitary points, windows and doors, is the way to settle what a given flat is sold with.
None is printed on w2.ge: every unit page has an empty plan list and a “Custom Plan” box that invites an enquiry. Korter shows a full-payment option and a TBC Bank mortgage example. The Korter example leaves the term and the down payment blank, so it is not a standing rate. Terms for any instalment plan, its schedule and its effective cost compared with the cash price, should be requested in writing before reserving.
The Public Service Development Agency lists a short-term permit for property with a market value exceeding USD 150,000 equivalent in lari, as set by a certified assessor, and an investment permit above USD 300,000. Of the 92 apartments, 24 print a price at or below USD 150,000 and 68 above it. The assessor’s value, not the printed price, decides, and the permit process is described in the official sources and in the guide to the residence permit.
The State University station, the western terminus of the Saburtalo Line, is 664 m in a straight line from the w2.ge map point (calculated from Wikipedia’s coordinates). Korter prints 780 m and the OpenStreetMap station node is 726 m away. These are straight-line or portal figures, not walking routes, and the time on foot depends on the entrance used and the crossings on the way. A buyer who relies on the metro can walk the route before reserving.
Since Law No. 1874 of 30 September 2026, a natural person’s property other than land is exempt if the family’s income in the previous year did not exceed GEL 100,000; above that, the Tax Code sets 0.8% to 1% of market value. Filing is due by 1 November and payment by 15 November. Older guides may print a GEL 40,000 threshold and lower rates, so the Tax Code text and the Revenue Service page are the references.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
