Compact House is a residential project by ELT Building, the construction arm of Georgian financial group ELT (operating 18+ years, 300,000+ m2 delivered). It is a 6-storey monolithic-frame building with ceramic-brick facade at 10 Parmen Rurua Street in Batumi's Agmashenebeli district, about 1.85 km from the beach and 6 km from Batumi International Airport. The building contains 55 apartments (one- to three-bedroom, 42.78-126.85 m2) delivered in white-frame condition, plus ground-floor commercial premises. Completion was scheduled for March 2026; korter.ge records the project as completed in 2026. ELT Building's earlier Batumi deliveries include Sunrise (2019), La Quinta by Wyndham Batumi (2022), Rainbow (2024), Sunset (2025) and Optima Residence.
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Who is the developer and what have they completed?
ELT Building, part of ELT Group (in Georgian market 18+ years; construction since 2017). Completed Batumi projects: Sunrise (2019), La Quinta by Wyndham Batumi hotel (2022), Rainbow (2024), Sunset (2025), Optima Residence, and Compact House (2026), totaling over 300,000 m2.
What condition are apartments handed over in?
White frame (unfinished shell): screed, walls, utilities to the unit; interior finishing is the buyer's cost.
What are the payment terms?
30% down payment, then interest-free installments for up to 24-36 months; TBC Bank mortgage financing is also available. Prices are set in USD.
How far is the sea and the airport?
The beach is approximately 1,850 m (about a 15-minute walk); Batumi International Airport is about 6 km away. A public transport stop is 310 m from the building.
Can foreigners buy and register ownership?
Yes — foreign citizens can own apartments in Georgia freehold; ownership is registered at the National Agency of Public Registry (NAPR). Note Georgia's residence-permit-by-property threshold is $150,000 of appraised real estate (from March 2026), which most single units in this project do not reach.
Is there a rental program?
No hotel-style rental program is published for this building. It is positioned for long-term rental and own use; comparable 3-room units in the building are listed for long-term rent from about $450/month.
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