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GREENOX

Small, low-density buildings in the historic quarters of Tbilisi.

Greenox Development

Greenox Development builds deliberately small buildings inside the old quarters of Tbilisi — ten houses at Lisi, eighteen more beside them, fourteen apartments on Abashidze, and now eighteen at Gogebashvili in Vera. Every one of the three completed projects sold out, and Abashidze went up in ten months. The company hands its apartments over in Premium Green Frame condition — plastered, screeded, wired and glazed, ready for the buyer's own fit-out — and builds in monolithic reinforced concrete engineered for seismic resistance.

HQ Tbilisi, Georgia

42 homes

Delivered

18 apartments

Under construction

Premium Green Frame

Handover standard

THE TRACK RECORD

Greenox Development's record.

Greenox is a Tbilisi construction company working to three principles — ecological responsibility, premium materials, and bringing modern infrastructure into the city's historic districts — and it puts the last of those first: the four brand values it publishes open with the architectural renewal of Tbilisi's old quarters while preserving their traditional character. The pattern in the portfolio matches the words. These are boutique, low-rise, low-density schemes of ten to eighteen homes rather than towers, in Lisi, on Abashidze and now in Vera. The company guarantees its delivery dates in full, and Abashidze bears that out: ten months from start to completion. The Gogebashvili project is being built by Greenox Gogebashvili LLC, registered with the National Agency of Public Registry under identification code 430048664, on a Tbilisi construction permit for cadastral parcel 01.15.02.047.036, with Bank of Georgia as the project's partner bank. The group behind the brand, Greenox LLC, code 430046069, is owned and directed by Davit Magradze.

Delivery record

Three projects finished, one under way. Lisi Residence completed in March 2023 with ten private houses, every one sold before construction ended. Greenox Lisi followed in September 2024 — eighteen individual houses, all sold and handed to their residents. Greenox Abashidze completed in June 2026: fourteen apartments over commercial space, built in ten months, all fourteen sold. Under construction now is Greenox Gogebashvili, eighteen apartments at 4a Iakob Gogebashvili II Lane in Vera, due in November 2026.

HQTbilisi, Georgia

TypePrivate construction and development company

Active projects1

Entry pricefrom 176,880USD

SIGNATURE COMMUNITIES

Greenox Development flagship destinations.

Residential apartments

Greenox Gogebashvili

Eighteen apartments over five floors at 4a Iakob Gogebashvili II Lane in Vera, a five-minute walk from Rustaveli Avenue. Every apartment looks over Tbilisi and Mount Mtatsminda; three on the second floor have their own garden. One- to three-bedroom homes, from 2,900 USD per square metre, with completion due in November 2026.

Residential apartments

Greenox Abashidze

Fourteen apartments above commercial space, completed in June 2026 after ten months of construction. All fourteen homes were sold, and the ten-month build time is the measure of how the company holds a deadline.

Private houses

Greenox Lisi

Eighteen individual houses near Lisi Lake, completed in September 2024 and handed over to their residents. All eighteen were sold.

Private houses

Lisi Residence

The first of the two Lisi schemes: ten private houses completed in March 2023, every one of them sold before construction finished.

WHAT SETS THEM APART

What makes Greenox Development special.

Property types ApartmentsHouses

Price segment Premium

Signature style

Low-rise, low-density buildings sited inside Tbilisi's historic quarters, with the architectural renewal of those districts as the company's first principle. Construction is monolithic reinforced concrete engineered for seismic resistance, with energy-efficient thermal insulation, an energy-efficient aluminium curtain-wall glazing system, and certified materials to international standards.

Payment plans

At Greenox Gogebashvili there are four ways to pay. An in-house interest-free plan: 30% on signing, the balance spread flexibly through to completion in November 2026. A combined plan: 30% paid before completion, the rest moved to a bank installment plan. A bank installment plan with Bank of Georgia, the project's partner bank, with a 5% discount for Solo customers. Or payment in full, also at a 5% discount. An enclosed underground parking space is $30,000.

THE HONEST VIEW

Strengths & considerations.

Where Greenox Development shines

Every completed project sold out — ten houses at Lisi Residence, eighteen at Greenox Lisi and fourteen apartments on Abashidze
Abashidze was built in ten months, and the company puts a full guarantee on meeting its deadlines
Georgia places no restriction on foreign freehold ownership — overseas buyers hold in their own name on the same terms as Georgian citizens
Vera is central and historic: five minutes on foot from Rustaveli Avenue, with panoramic views over the city and Mount Mtatsminda
Interest-free developer installments, or 5% off the price for paying in full

Worth considering

Eighteen apartments in the whole building, so the choice is narrow and the best-placed homes go first
Handover is Premium Green Frame, not turnkey — the interior fit-out is the buyer's own cost
Completion is scheduled for November 2026; the building is still under construction

1 ACTIVE PROJECT

All projects by Greenox Development.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

OFF-PLAN

Vera · Tbilisi

Greenox Gogebashvili, Vera, Tbilisi

1–3 bedroom apartments Handover November 2026

From
176,880USD

GOOD TO KNOW

Common questions about Greenox Development.

Who is Greenox Development?+

Greenox Development is a Tbilisi construction and development company that builds small, low-density residential projects inside the city's historic quarters. It has completed three — Lisi Residence, Greenox Lisi and Greenox Abashidze — and is building a fourth, Greenox Gogebashvili in Vera. The group behind the brand, Greenox LLC, is registered in Georgia under identification code 430046069 and owned and directed by Davit Magradze.

What has Greenox Development actually delivered?+

Forty-two homes across three completed projects. Lisi Residence, ten private houses, March 2023. Greenox Lisi, eighteen individual houses, September 2024. Greenox Abashidze, fourteen apartments over commercial space, June 2026, built in ten months. Every home in all three was sold.

What can I buy from Greenox Development right now?+

Greenox Gogebashvili, in Vera. Eighteen apartments over five floors, five minutes' walk from Rustaveli Avenue, with panoramic views of Tbilisi and Mount Mtatsminda and completion due in November 2026. Homes run from one to three bedrooms, with three second-floor apartments opening onto private gardens, and prices from 2,900 USD per square metre.

What does Premium Green Frame delivery include?+

Green frame is the Georgian market's middle handover grade, between a bare black frame and a finished white frame, and it is the one Greenox uses on every project. Its version covers plastered walls and screeded floors, electrical wiring fully installed with two-way switching, Italian heating pipes, thermal and sound insulation, balconies and verandas finished in granite tile, an aluminium curtain-wall glazing system with energy-efficient glass, finished common areas, green space and central utilities. The apartment arrives ready for your own interior fit-out to begin.

How does Greenox Development build?+

In monolithic reinforced concrete engineered for seismic resistance, with energy-efficient thermal insulation and an energy-efficient aluminium curtain-wall glazing system, using certified materials that comply with international standards. The company works to a boutique, low-rise and low-density format rather than building towers.

Can a foreigner buy an apartment in Tbilisi?+

Yes. Georgia lets foreign citizens own apartments and other non-agricultural property outright and in their own name, on the same terms as Georgian citizens, with the transfer registered at the National Agency of Public Registry. At Greenox Gogebashvili the developer offers an in-house interest-free plan, a combined plan that moves the balance to bank installments, and a discount for paying in full.

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