W2 Varketili IV Tbilisi: 5 of 129 Flats Listed, Guide (2026)

W2 Varketili IV Tbilisi is a 10-storey block of 129 apartments at Shuamta Street 40 in the Varketili district of Tbilisi. On 12 November 2026 the developer’s site, w2.ge, shows five of them as available: two one-bedroom flats of 48.7 and 48.9 m² and three two-bedroom flats of 77.6 m², all priced at USD 1,200 per m². This guide sets those figures beside Korter and independent sources and adds the Georgian rules a foreign buyer meets.

Overview of W2 Varketili IV Tbilisi

The w2.ge project page for the building is titled "Varketili IV — Block 1" under the company name Tetri Kvadrati. It presents W2 Varketili IV Tbilisi as a modern residential complex that combines location, functional planning and high construction standards, and states: "The 10-storey building includes 129 apartments, sizes of which start from 35.1 sq.m." The same text gives a completion date of March 2028. Everything quoted from w2.ge in this guide was read on 12 November 2026.

Korter, a listing portal, files the building as White Square Varketili 4 and printed "next delivery in Q1 2028" with prices and availability dated 3 November 2026. White Square is the English rendering of Tetri Kvadrati used by older material and by Korter, and w2 is the brand in the site address. This guide uses the developer’s own name, Varketili IV.

The practical position is narrow. Floors 2 to 7 carry the words "All apartments sold" on the floor selector, and five flats are shown as available, on floors 1, 8, 9 and 10. The 35.1 m² size in the description is not among them. Sections 3 and 4 list the five flats, and section 2 sets out where the sources differ.

What each source prints about units, handover, finish and area

The developer’s pages and the portal agree on most structural facts and differ on a few details. The table sets them side by side. Developer figures are "per the developer (w2.ge, checked 12 November 2026)"; Korter figures are "per Korter, prices and availability as of 3 November 2026". The guide does not choose between sources or repair a figure.

Three rows change what a buyer can rely on. The first is size. The developer’s description says sizes start from 35.1 m², while the smallest flat on the availability list is 48.7 m². The pages do not say whether flats of 35.1 m² exist in the block or have been sold, so a buyer interested in a small unit should ask which flats of that size exist and in what state.

The second is finish. The English page says "semi-finished or fully renovated", and the Russian and Georgian pages say white frame or full renovation. Korter’s header says green frame and its text says white frame or fully finished. None of the pages say which of the five flats is delivered in which condition, and none defines what a white frame includes. Section 5 takes this up.

The third is the handover date. March 2028 is printed in English and Georgian, and the Russian description omits the line. Counted from 12 November 2026, March 2028 is about 16 months away. A date on a website is not the contract date, and the written list in section 9 asks for it to be stated in the sale agreement together with what counts as handover.

One more note on dating. w2.ge displays a banner saying the site is running in test mode, with a link back to the older site. The figures in this guide are those the pages displayed on 12 November 2026, and the site’s own Terms and Conditions (published in Georgian) state that prices, areas and availability may change without prior notice and that site content is informational, not a binding offer.

The single block: 10 floors, 129 flat numbers and what each floor shows

W2 Varketili IV Tbilisi is one block, which keeps the picture simple. The floor selector on the w2.ge project page has ten rows, and each row either says "All apartments sold" or lists how many flats remain. The table reproduces that selector and adds a count of the flat outlines drawn on each floor map, which is a separate item of data and is not a sales count.

The apartment numbers run from 1 to 129. The floor maps for floors 8, 9 and 10 outline numbers 84 to 129 apart from numbers 85 and 95, so the numbering of those three floors spans 46 numbers (14, 16 and 16), or 35.7 percent of the 129.

Of the 44 outlined flats on those floors, 40 are drawn as sold and four as available. The maps for floors 1 to 7 outline only a few flats each, so the outlines cannot be summed into a sold count for the lower floors.

What can be said from the printed text is limited and exact. Five of 129 flats, or 3.9 percent, are shown as available. The other 124 are not shown as available; the pages print "All apartments sold" for floors 2 to 7 and no "reserved" status on any page read. The number of sold flats is therefore a derived figure and not a printed one. In practice the upper three floors hold every remaining two- and three-room flat, and the ground floor holds one.

The ground floor also carries a mention of two commercial spaces in the floor tooltip. The developer’s description speaks of residential spaces, commercial spaces and modern infrastructure, but the commercial list names only two projects in its filter, and Varketili IV is not one of them. A buyer who wants a ground-floor commercial unit should therefore ask directly whether any is for sale; the guide treats none as offered.

Beyond the sales table, the developer’s pages say little about the structure. Korter’s project characteristics give a monolithic-frame technology, an elevator, ground-level parking and a recreational area, and its descriptive text adds walls of heat blocks, a flat roof with drainage, low-noise elevators, a controlled-access system, intercoms, barrier-free design, ceilings of about three metres and double-glazed windows. These are the portal’s statements; the developer’s page lists none of them.

The renders on w2.ge show covered parking under part of the building and a surface car park, and they are illustrative, as the site’s terms say of all visuals. The cadastral number 01.19.20.022.025 appears on Korter, and is the item a buyer can take to the Public Registry to see who owns the plot and whether any rights are registered against it.

Price ladder: the five flats in USD, GEL and per square metre

Each of the five apartment pages on w2.ge prints a total area, a dollar price and a price per square metre, and the pages can show the same price in lari at the site’s own rate of GEL 2.5933 per USD. That is the rate the National Bank of Georgia published for 12 November 2026. The table lists every flat as printed and adds the lari conversion.

The ladder is flat. All five flats are priced at USD 1,200 per m², so the price moves only with area: the ground-floor flat and the tenth-floor flat of the same type differ by USD 240 because their areas differ by 0.2 m². Each extra square metre between the two types costs USD 1,200, since the USD 34,680 gap between USD 58,440 and USD 93,120 divided by the 28.9 m² difference gives exactly USD 1,200. These are asking prices that the site says may change without notice.

Taken together, the five flats cover 330.4 m² and add up to USD 396,480, an average of USD 79,296 per flat. Those totals are arithmetic and not an offer for any set of flats. Korter lists the same types, 2-room from USD 58,440 and 3-room from USD 93,000 at 77.5 m², which is 77.5 times USD 1,200. The portal’s area is 0.1 m² smaller and its price USD 120 lower than the developer’s page, and the guide records both.

The apartment pages also split each total area into rooms, and the splits add up to the total area to the decimal. That means the priced area includes balconies at full size. The next table works from the printed room splits and calculates the share of each room and a price per square metre of area without balconies. The calculation is the guide’s own and is labelled as such.

The three-room flats stand out. Their two balconies add up to 21.0 m², more than a quarter of the 77.6 m², and one of them is printed at 17.8 m². Counted without balconies, the same flats work out at about USD 1,645 per m², against about USD 1,290 to 1,316 for the one-bedroom flats. The developer prices on total area, so this is not a discrepancy; it shows that the dollar rate per square metre compares like with like only between flats with similar balcony shares.

The living kitchen takes the biggest share of the floor area in all three layouts: 26.5 of 48.7 m² (54.4 percent) in apartment 10, 25.3 of 48.9 m² (51.7 percent) in apartment 126 and 29.9 of 77.6 m² (38.5 percent) in the three-room plan. The 3D plans on the developer’s pages are furnished illustrations, so furniture in them should not be read as part of any price.

For context, the Galt & Taggart report summarised by the Georgian Business Channel on 3 February 2026 gives Tbilisi averages for December 2025. The table sets the w2.ge rate beside them. The comparison is arithmetic only: the citywide figures cover all districts, stages and finishes, so they are not a like-for-like benchmark for this block.

The same report records 42,388 apartment sales in Tbilisi in 2025 and permitted living area of 1.7 million m² for the year. It also carries rent and return figures, which this guide does not reproduce.

Finish, payment terms and mortgage indications

The pages of w2.ge say what a flat is delivered as only in the project description, and the wording differs by language. No page defines the terms, and the table records the four versions.

Since the pages do not say, the finish of a given flat is a point for the written list. White frame and green frame are terms that the pages use without definition, so their content has to come from the developer’s specification and the contract. A buyer should ask for a room-by-room list of what is installed at handover, covering walls, floors, windows, doors, wiring, plumbing and sanitary fittings.

On payment, the apartment pages of w2.ge carry an empty payment-plan list and a "Custom Plan" button that invites the visitor to request a plan. No deposit, instalment schedule, interest or escrow arrangement is printed for W2 Varketili IV Tbilisi.

Korter says the flats can be bought for the full price or with a TBC Bank mortgage, that detailed payment plans are available at the sales office, and that the mortgage rate starts at 7.4 percent nominal and 8.3 percent effective, tied to Term SOFR, with the final rate set at credit approval.

Korter’s calculator shows an example loan and monthly payment, but the page text read for this guide does not show the term or the down-payment assumptions, so the example is not used. The National Bank of Georgia sets loan-to-value limits of 90 percent for lari loans and 70 percent for foreign-currency loans, and a bank may set stricter terms for a non-resident. Section 8 gives the full NBG limits, and the guide on mortgages for foreigners in Georgia covers the bank side.

The developer also runs a loyalty programme that the site names Key Card (the address of the page still reads w2-card). The Key Card page says it is a card for Tetri Kvadrati residents that "unites up to 50 partner companies" offering discounts on renovation materials, furniture, appliances, interior design, education, sports and other categories. The page lists 46 partner companies over three pages, and the 18 on the first page carry discount labels from 10 to 50 percent.

The page does not say who is eligible, how the card is issued, how long it is valid or whether it comes with a purchase automatically, and the discounts are the partners’ offers. A buyer who counts on the card should ask for its terms in writing and for the partner’s own conditions on the items they intend to buy. The card does not change the price of a flat on the pages read.

Location of W2 Varketili IV Tbilisi: Shuamta Street, the Varketili III microdistrict and Samgori district

The address on the developer’s pages is Tbilisi, Varketili III Microdistrict, III Block, Shuamta Street 40. The Georgian version reads ვარკეთილის III მასივი, III კვარტალი, შუამთის 40, and the Russian version reads III массив Варкетили, III квартал, улица Шуамта 40. Korter gives Shuamta Street 40 and places the project in the Samgori district, under the heading Varketili.

On Wikipedia, Samgori District is one of Tbilisi’s administrative districts and includes the neighbourhoods of Varketili, Orkhevi, Dampalo, Lilo, Navtlughi-2, Africa, Alekseevka, Airport Settlement and Zeemka. Its infobox gives a population of 177,844 with a 2017 date. The same encyclopedia’s list of the 33 official microdistricts of Tbilisi names, under Samgori, Varketili (VI-17), Mesame Masivi, which is the Georgian for "third massif" (VI-18), Orkhevi and Airport (VI-19), Lilo (VI-20) and Kvemo Samgori (VI-21).

The guide does not decide which of those entries covers Shuamta Street 40. The developer’s "III Microdistrict" and the list’s "third massif" look related by name, but that is the guide’s reading and not a statement of either source. A buyer who needs the district for a document should take it from the cadastral record and not from a portal or a website.

For scale, Geostat puts Georgia’s population at 3,941.1 thousand on 1 January 2026, of whom 1,369.4 thousand live in the capital, and describes that as more than one third of the total. Samgori’s 177,844 is about 13 percent of the capital’s 2026 population, but the two numbers are dated nine years apart and are not strictly comparable. They give the order of magnitude and nothing more precise.

The coordinates printed on the developer’s map, 41.688049 and 44.879954, put the building east of the centre, about 0.9 km in a straight line from Varketili metro station. The table below gives distances from those coordinates. Straight-line figures are calculated from the coordinates on Wikipedia pages, road figures come from the OpenStreetMap-based OSRM routing service requested on 12 November 2026 without traffic, so they are floors for a real journey, and portal figures are Korter’s own.

One difference in the table is worth reading closely. Korter puts the railway station and the bus terminal 1.5 km away, while Wikipedia says the Samgori rail junction, which it also calls Navtlughi, lies next to Samgori metro station, and the coordinates put that metro station 2.13 km away in a straight line. The guide has not located the bus terminal on a map and reports the portal’s figure as the portal’s.

On daily facilities, Korter lists public schools numbered 139, 176, 90, 157, 145, 146 and 182, the private High School Nino and Albioni School, and kindergartens 37 and 163, without distances. It names Varketili Market and the supermarkets EuroBrand, Madart, Fix Price, Carrefour City, Miniso Georgia, Spar and Nikora as within walking distance, and cafés and restaurants at 10 to 20 minutes on foot. These are portal statements that the guide has not checked on the ground.

Metro, buses and the airport: reaching the centre from Varketili

Varketili is the southern terminus of the Akhmeteli–Varketili Line, the First Line of the Tbilisi Metro. Wikipedia describes it as running about 19.6 km with 16 stations, opened on 11 January 1966 and operated by the Tbilisi Transport Company. Reading the stations from the southern end in the line diagram, Varketili is followed by Samgori, Isani, 300 Aragveli, Avlabari and Tavisuplebis Moedani (Freedom Square), then Rustaveli, Marjanishvili and Station Square.

That gives a count the guide can calculate: Freedom Square is the fifth stop after Varketili and Station Square the eighth. Korter’s 15 to 20 minutes to the centre is a travel-time statement, and the guide has not timed the line.

The Wikipedia page for Varketili station calls it the last station on the line and the nearest to the airport, and says it was renovated in 2007 and 2017, and that a modernisation began in February 2023 at a contract value of GEL 13.4 million, with a planned duration of 18 months in the mayor’s announcement as Wikipedia relays it. The guide has not checked the present state of the station.

The opening year of the station is a point where two pages of the same encyclopedia differ. The table shows them without choosing, with the Samgori entry added for the line’s order of opening.

The difference of four years does not affect a purchase, but it shows why the guide dates and attributes every figure. A buyer who needs the opening year for any reason should use the Tbilisi Transport Company or the municipality, not an encyclopedia entry.

On buses, Korter lists a stop 105 m from the project and the routes it serves: buses 319, 325, 350, 371 and 377 and minibuses 423, 424, 455, 493, 547 and 554. These route numbers are the portal’s and may change, so a buyer should check them with the Tbilisi Transport Company before relying on a route.

For longer trips, Korter says Naftlugi Railway Station and the Samgori Bus Terminal are 1.5 km away and the airport is within a 20-minute drive. Wikipedia describes the airport as 17 km south-east of the city and handling 4.75 million passengers in 2024. Calculated from the coordinates, the project is 6.55 km from the airport in a straight line, and OSRM gives 10.5 km by road and about 17 minutes without traffic, which is consistent with Korter’s 20 minutes.

Two items complete the picture. Freedom Square and Station Square, whose coordinates are taken from Freedom Square and Station Square on Wikipedia, are 6.53 km and 7.85 km away in a straight line. By road OSRM gives 8.3 km and 10.7 km, at 12 and 16 minutes without traffic. Real journey times depend on the time of day.

Nothing on the developer’s pages describes the street, noise, parking or the surroundings of the block on Shuamta Street, and the renders are illustrative. A site visit at different hours is the way to judge those, and a buyer should ask the developer to confirm in writing which neighbouring plots are built or permitted, since two other Tetri Kvadrati projects are listed in Varketili, one of them at 38A Shuamta Street (see section 10).

Buying in Georgia: registration, taxes, residence and financing

A foreign buyer of a flat in a residential block follows the same ownership steps as a citizen. Article 183 of the Civil Code makes ownership of an immovable thing pass by a written transaction followed by registration of the acquirer’s right in the Public Registry. The restriction aimed at foreigners concerns agricultural land, which the Organic Law on Agricultural Land Ownership reserves in Article 4 for the state, municipalities, citizens and certain Georgian entities.

A flat in a Tbilisi block is not agricultural land. The guides on foreigners can buy property in Georgia and how to buy property in Georgia give the general position.

For a block still under construction, registration is of the buyer’s right or obligation under the contract, and the order of events is set by the contract. The Public Registry’s fee page lists registration of a change of right to immovable property and registration of an obligation related to an ownership right at the same three tariffs. The tariff follows the filing speed and does not vary with the price of the flat.

A buyer abroad has two common routes. One is a power of attorney that carries an apostille where the country of signing is a party to the Apostille Convention; the Hague Conference status table lists the Convention as in force for Georgia from 14 May 2007. The other is the registry’s smart-contract service, which registers rights online after a booked virtual meeting. The route the developer accepts should be confirmed in writing before any payment.

The personal property-tax rules were amended on 30 September 2026. On matsne.gov.ge, the English Tax Code carries Law No. 1874 of 30 September 2026 in the amendment list under Article 202. Paragraph 5 of Article 202 sets the rate on a natural person’s taxable property other than land at not less than 0.8 and not more than 1 percent of its market value at the end of the previous year.

Article 206(1)(a) exempts that property if the income received by the person’s family in the previous year did not exceed GEL 100,000.

The EY Georgia Tax and Law Brief for July to September 2026 says the earlier exemption threshold was GEL 40,000, which is why older guides carry different bands, and adds that the rate is determined by the location of the property. The Revenue Service’s property tax page also refers to the GEL 100,000 income line.

Individuals file by 1 November and pay by 15 November (Article 205(12) and (14)). Whether an off-plan buyer is already a taxpayer depends on the contract and on the registry record, and the guide on property tax in Georgia covers the filing steps.

For letting and resale, Article 81 of the Code sets 5 percent on income a natural person receives from renting out residential space without deductions, 20 percent as the general personal rate, and 5 percent on the surplus from the provision of a residential apartment (house). Under Article 82(1)(f.a), the surplus from a sale is exempt where the residential apartment was owned for over two years. VAT in Article 166 is 18 percent, and whether a quoted price includes it is a contract term.

For residence, the Public Service Development Agency describes 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 GEL, established by a certified assessor of an accredited body, and an investment residence permit for property exceeding USD 300,000. The same USD 150,000 test appears in the Aliens Law, in Article 15(j). See also getting a residence permit in Georgia.

The assessor’s valuation decides that test, and the contract price does not. For orientation only, the table compares the printed prices with the USD 150,000 line, using the NBG rate of GEL 2.5933 per USD for 12 November 2026, at which USD 150,000 is GEL 388,995.

On financing, the NBG’s payment-to-income and loan-to-value page sets a loan-to-value limit of 90 percent for lari loans and 70 percent for foreign-currency loans. It sets payment-to-income limits of 25 percent for lari loans and 20 percent for foreign-currency loans where net monthly income is below GEL 1,500, rising to 50 and 30 percent from GEL 1,500. Each bank sets its own conditions for non-residents; see the guide on mortgages for foreigners in Georgia.

What to ask for in writing before reserving

The pages for W2 Varketili IV Tbilisi leave several points open, and the list below turns each gap into a document or an answer a buyer can request before paying. Some points belong in the reservation form and the rest in the sale contract. Where a point depends on the flat, the apartment number is the anchor.

1. The price list with apartment numbers, floors, areas and a date of issue, and confirmation that the USD price on the flat’s page is the price in the contract.
2. The handover date to be written into the sale contract, the definition of handover, and the buyer’s remedies if the date passes without handover.
3. The full legal name and registration details of the entity that signs the contract and of the owner of the plot, since the pages read do not print them.
4. The cadastral code of the plot and a Public Registry extract showing owner, encumbrances and any registered obligations.
5. The construction permit and the approved design for the block, including the final floor count and the flat’s own floor.
6. The payment schedule in dollars or lari, the account or escrow that receives each instalment, and what happens to a reservation deposit if the buyer withdraws.
7. The definition of the finish for the flat: what "semi-finished", white frame (and green or black frame, where a portal uses those terms) or fully renovated includes, room by room, and which applies to the flat.
8. If the flat is delivered as a white frame: who supplies and installs wiring, plumbing, floors and sanitary fittings, and the cost and timing of those works.
9. In-house instalment terms if offered: deposit, number of months, whether any charge applies, and the effective cost compared with the cash price.
10. Mortgage bank partners, if any, with the bank’s own written conditions for a non-resident borrower.
11. The service-charge schedule, the owners’ share of shared parts, parking rules and the arrangements for the courtyard and landscaping shown in the renders.
12. Whether any of the two ground-floor commercial spaces mentioned on floor 1 is for sale, and what is planned for them.
13. Confirmation of whether the price includes VAT, the registry fees and any cost of a power of attorney.
14. The Key Card terms: who is eligible, how it is issued, for how long, and whether it comes with the purchase.
15. If signing from abroad: the form of power of attorney or the registry meeting the developer accepts.

These are routine due-diligence points for any off-plan purchase and say nothing about this developer. Attaching written answers to the reservation form lets a buyer weigh this block against others on the same footing.

How W2 Varketili IV Tbilisi compares with other w2 and Tbilisi listings

Tetri Kvadrati has two further projects in Varketili, one of them on the same street, and several others elsewhere in Tbilisi. The table lists the w2 projects in Tbilisi that have their own guides on this site, with the figures w2.ge printed on 12 November 2026. No project is ranked against another, and each guide carries its own sources and conflicts.

Within Varketili the three blocks differ in size and stage. Block IV has 129 apartments and five available, V is shown with 10 available and a unit total that the sources give as 92, 129 or 90, and VI is shown with 85 apartments and eight listed flats, all marked reserved. Urban East, on Kakheti Highway in the same district, is a larger project with 308 apartments on the developer’s pages. The guides linked above set out each project’s own conflicts.

Among other Tbilisi developers on this site, the table below shows the published starting prices and handover dates recorded in their guides. These are recorded as each guide states them and measure different units and finishes, so they are context and not a comparison of value.

For market and listing context, the Tbilisi real estate prices guide, the Tbilisi city page and the Georgia country page give the wider picture, and the guide on getting a residence permit in Georgia covers the residence rule in more detail than section 8.

Tetri Kvadrati (developer)

The About page says Tetri Kvadrati is part of BK Holding, described there as an ecosystem that combines the construction company BK Construction and the construction college Construct2, and that BK Construction has been building in Georgia for over 30 years. The page says the company brings together successful and ongoing projects in Tbilisi and Kutaisi. It names Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner.

The w2.ge home page shows counters reading "5+ Years" ("delivering large-scale projects since 2021"), 11 ongoing projects, 6 completed projects and 2500+ completed apartments, which are the developer’s own figures. The w2.ge projects list on 12 November 2026 shows eleven projects marked ongoing, ten of them with flats available, among them Varketili IV.

A Forbes Georgia announcement of 3 July 2025, labelled as a paid placement, describes BK Holding LLC as the parent company of White Square LLC and the appointment of Mr Natroshvili as chief executive. A Business Association of Georgia news item of 23 March 2022 says BK Construction and White Square, owned by BK Holding, became members of the association. BasisBank’s partner-developer mortgage page describes White Square as its partner development company for one completed project, White Square on Kavtaradze.

The pages read for this guide print no registration number or contracting entity for Varketili IV. The legal name that will sign the contract is therefore the third item on the written list in section 9.

Frequently asked questions

What does W2 Varketili IV Tbilisi offer for sale?

On 12 November 2026 w2.ge shows five of the block’s 129 apartments as available: apartments 10 and 126, one-bedroom flats of 48.7 and 48.9 m², and apartments 91, 106 and 122, two-bedroom flats of 77.6 m². Floors 2 to 7 are marked as all sold. The description mentions flats from 35.1 m², but none is among the five available ones, and the pages print no payment plan or contracting entity.

How much does a flat in W2 Varketili IV Tbilisi cost?

The five available flats cost USD 58,440 and USD 58,680 for the one-bedroom flats and USD 93,120 for each of the three larger flats, all at USD 1,200 per m². At the site’s rate of GEL 2.5933 per USD that is GEL 151,552, 152,175 and 241,488. These are asking prices that the site says may change without notice. Korter prints USD 93,000 for a 77.5 m² flat of the larger type.

When is handover of W2 Varketili IV Tbilisi?

The English and Georgian pages of w2.ge print March 2028, and Korter prints "next delivery in Q1 2028" as of 3 November 2026. The Russian page has no completion line, and no page gives a construction percentage. A buyer should have the handover date, and the definition of handover, written into the contract, since a date on a website is not a contractual one.

Is a flat delivered finished?

The English page says flats are delivered semi-finished or fully renovated, and the Russian and Georgian pages say white frame or full renovation. Korter’s header says green frame. No page says which of the five flats is delivered in which condition or defines the terms, so the finish of a given flat is a question for the reservation form and the contract, with a room-by-room list.

Is there a payment plan or instalment scheme?

w2.ge attaches no payment plan to any of the five flats and shows a Custom Plan button for a request. Korter says the flats are sold for the full price or with a TBC Bank mortgage and refers to payment plans at the sales office. No deposit, instalment schedule, interest or escrow account is printed anywhere, so these items belong on the written list before any payment.

How far is the metro from the block?

Korter gives Varketili metro station as 1 km away. Calculated from the developer’s coordinates and the station’s, the straight line is 0.86 km, and the OSRM routing service gives 1.5 km by road, about 3 minutes by car without traffic. Varketili is the southern end of the First Line, and Freedom Square is five stations north of it on the line diagram.

Can a foreigner buy a flat here?

Yes. Under Article 183 of the Civil Code a written contract and registration in the Public Registry transfer ownership of an immovable thing, and a foreigner follows the same steps as a citizen. The exception in the law is agricultural land, which a city flat is not. Registration costs GEL 150, 270 or 350 depending on speed, and a buyer abroad can use an apostilled power of attorney or the registry’s online service.

Does a purchase here reach the residence-permit threshold?

The rule is a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor. The highest printed price is USD 93,120 (GEL 241,488), which is below USD 150,000 (GEL 388,995 at 2.5933). The assessor’s valuation is the test, and the contract price does not substitute for it. Whether two properties can be combined is a question for the agency.

What is the Key Card?

It is a loyalty programme of Tetri Kvadrati for its residents, with 46 partner companies listed on w2.ge over three pages and discount labels from 10 to 50 percent on the first page. Eligibility, issue and validity are not stated on the page read, so a buyer should ask for the card’s terms in writing and check each partner’s own conditions.

What should a buyer ask for before paying a reservation?

A price list with apartment numbers, the handover date in the contract, the full name of the contracting entity, a Public Registry extract for the plot, the permit, the payment schedule and the escrow or account, a room-by-room finish list, the service-charge schedule and the Key Card terms. Section 9 gives the full list. Written answers let a buyer compare this block with other projects on equal terms.

Sources and last check

Last checked: 12 November 2026. Sources:

• Tetri Kvadrati: Varketili IV, Block 1 project page (read 12 November 2026)
• Tetri Kvadrati: Varketili IV floor 1 page
• Tetri Kvadrati: Varketili IV floor 8 page
• Tetri Kvadrati: Varketili IV floor 9 page
• Tetri Kvadrati: Varketili IV floor 10 page
• Tetri Kvadrati: Varketili IV apartment 10 page
• Tetri Kvadrati: Varketili IV apartment 126 page
• Tetri Kvadrati: Varketili IV apartment 91 page
• Tetri Kvadrati: Varketili IV apartment 106 page
• Tetri Kvadrati: Varketili IV apartment 122 page
• Tetri Kvadrati: projects list
• Tetri Kvadrati: commercial space list
• Tetri Kvadrati: About page
• Tetri Kvadrati: Key Card page
• Tetri Kvadrati: Terms and Conditions (Georgian text)
• Tetri Kvadrati: home page counters
• Korter: White Square Varketili 4, prices and availability as of 3 November 2026
• Georgian Business Channel: Galt & Taggart report, 3 February 2026
• Wikipedia: Samgori District
• Wikipedia: List of microdistricts of Tbilisi
• Wikipedia: Akhmeteli–Varketili Line
• Wikipedia: Varketili (Tbilisi Metro)
• Wikipedia: Samgori (Tbilisi Metro)
• Wikipedia: Freedom Square, Tbilisi (coordinates)
• Wikipedia: Station Square (Tbilisi Metro) (coordinates)
• Wikipedia: Tbilisi International Airport (coordinates)
• Project OSRM: routing service used for road distances
• Geostat: Number of population as of 1 January 2026
• Civil Code of Georgia, Article 183 (matsne.gov.ge)
• Organic Law on Agricultural Land Ownership (matsne.gov.ge)
• NAPR: immovable property registration fees and terms
• NAPR: informational services fees
• NAPR: smart-contract registration service
• Hague Conference on Private International Law: Apostille Convention status table
• Tax Code of Georgia, English text (matsne.gov.ge)
• EY Georgia: Tax and Law Brief, July to September 2026
• Revenue Service of Georgia: property tax page
• Public Service Development Agency: residence permits
• Law on the Legal Status of Aliens and Stateless Persons (matsne.gov.ge)
• National Bank of Georgia: PTI and LTV requirements
• National Bank of Georgia: official exchange rates (USD 1 = GEL 2.5933 on 12 November 2026)
• Forbes Georgia (paid placement): BK Holding appoints Giorgi Natroshvili as CEO of White Square LLC, 3 July 2025
• Business Association of Georgia: BK Construction and White Square become members, 23 March 2022
• BasisBank: partner-developer mortgage page, White Square on Kavtaradze

This is not legal, tax or financial advice.