Frequently asked questions
What experience does company Imperial Capital have in development?
Imperial Capital is an investment company that comprehensively implements development projects on the Krakow housing and office real estate market. It has already successfully completed stages I, II, III and IV, namely 150 apartments, in the Stawowa Residence investment. The next implemented project is Green Park Villa where 56 apartments have been put to usage. Currently the sale process of the II and III stage of the investment is going, 160 apartments in general. In January 2020 started the third biggest apartment project – Imperial CitiYes offering 289 apartment in sizes from 25 to 128m2 and service premises at Czyżyny, Nowohucka Street 46. In June 2021 began the sale of the next investment – Zalesie Corner House at Zalesie Street on Ruczaj. It is an intimate building with 24 apartments. But for the apartment projects, an office building project was implemented - Imperial Business Center at Wadowicka Street 7 in Cracow, that was put to usage in August 2018. This building received the 1st place in the U category – public utility buildings in the 2017 Małopolska Architects Exhibition Plebiscite. The headquarters of the company and sales department are located on level 7 of this building.
What safety guarantees can be provided by the developer to a client buying apartments at Green Park Villa by Imperial?
While implementing constructions with the help of the special purpose company Imperial Capital Ltd has to act in accordance with the legal act on customer rights protection while implementing constructions with the help of the special purpose company. It means that almost the entire process of sale has to be organized in accordance with it. The main safety guarantee for every client is a deposit account.
How does an open deposit account work?
A company working on apartments selling has to open a deposit account at a chosen bank. When customers sign up development agreements for their apartments individual deposit accounts are opened for them to which all payments connected to this transaction should be done. In case of an open deposit account received payments are transferred to the company when a specific construction stage is completed. All information is check by a qualified employee of the bank for payments to be done. Payments can be postponed if any issues are detected. When all works are done in accordance with the development schedule bank transfers money to the company how it is set in the development agreement. It is also important to mention that a developer can use money only for the investment implementation purposes for which the deposit account was created. Received money is used mainly for covering development credits. The process of receiving payments in such a way guarantees the highest level of protection for customers while buying apartments.
Does the land where Imperial is located belong to the company or is it given for the perpetual usage?
Lands where investments are realized belong to the developer as a result a customer is going to have a part in the land that will belong to his property. Unlike perpetual usage, the property owner will not have to cover any costs other than the real estate tax.
Are there any other planned investments for the future?
Imperial CitiYes is a one stage project, its implementation is expected for the III quarter 2022. But our investment located at Bronowice - Imperial Green Park Villa is a housing project that presupposes several stages. Currently the sale of the II and III stage is in action. Company is also planning to start the V stage of the investment at Stawowa as well as new investments at Bronowice, Prądnik Biały and Ruczaj. Our company is constantly looking for new areas for next investments.
How to buy an apartment?
- Choose your new apartment1
- If you need a credit meet a bank mortgage advisor1a
- Sign up a development agreement with the company authorized person at the Notary office2
- Make payments according to the payment schedule3
- Receive information from the company about putting property to usage4
- Sign apartment technical acceptance protocol5
- Meet again with the company authorized person at the Notary office for signing up the agreement providing the property ownership6
- Receive the keys according to the handover protocol7
