If you’ve bought property or are planning to invest in a North Coast development, you’ve likely seen the headlines claiming that dozens of projects are facing land withdrawal.

Despite all the rumors, nothing official has been taken away from any developer.

According to sources from Egypt’s New Urban Communities Authority (NUCA), a sub-committee recently submitted a recommendation to revoke 54 land parcels. These plots were flagged due to issues like delayed development or unmet contractual terms. But that recommendation isn’t final. Not even close.

So what actually happened?

This sub-committee’s role is to monitor progress across real estate projects. When they see delays or violations, they raise flags and pass on recommendations to the main Real Estate Committee.

And this is where the process slows down, because the main committee doesn’t just rubber-stamp recommendations. They:

• Review every case individually
• Give developers time to respond and fix issues
• Follow all legal and administrative steps
• Avoid any revocation unless absolutely necessary

So far, no contracts have been canceled, and no land has been pulled back from any developer.

How Does This Affect You?

The speed at which the rumors spread caused unnecessary panic, especially for people who’ve already invested money into these projects. But here’s what’s important to understand:

• The process is still in its early stages
• The government is prioritizing fairness and legal due process
• Developers are being given time and flexibility to resolve issues
• Land revocation is a last resort, not a first move

A source at NUCA also claimed that the intention is not to “hunt down” developers but to make sure serious projects actually get delivered. The goal is accountability, not chaos.

What if you already bought something?

If your property is within one of the developments mentioned in the rumors, there’s no reason to panic right now. The land hasn’t been taken back. No deals have been canceled. And your contract remains valid unless a formal statement says otherwise.

This entire process is a reminder that while oversight is necessary, jumping to conclusions based on leaked or partial information only creates fear, especially in an already shaky real estate climate.

There is no final decision. No land has been taken. The government is following the proper legal channels, and developers are being given a chance to comply. If you’ve invested, just keep yourself updated, but don’t buy into the panic.