Lisi Development
Lisi Development is a Georgian real estate developer founded in 2010, specializing in sustainable master-planned residential communities around Tbilisi's Lisi Lake using a proprietary 80/20 green-to-building ratio, serving affluent families and investors with premium apartments, townhouses, villa plots, and a coastal resort at Buknari.
- Company typePrivate
- Founded2010
- HeadquartersTbilisi, Georgia
- Headcount11–50
- GTM typeB2C
- OfferingHardware or Manufacturing
Lisi Development firmographics
Firmographics- Name
- Lisi Development
- Legal name
- Lisi Development
- Website
- https://lisi.ge
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lisi Development is a Georgian real estate developer founded in 2010, specializing in sustainable master-planned residential communities around Tbilisi's Lisi Lake using a proprietary 80/20 green-to-building ratio, serving affluent families and investors with premium apartments, townhouses, villa plots, and a coastal resort at Buknari.
- Ownership category
- akta.pro rank
Lisi Development industry classification
Industry- Product category
- Sustainable Residential Real Estate Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721), Land Subdivision (2372), Landscape Architectural Services (541320)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industries
- Regional & Land Use Planning (BPAHAKAE), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)
Keywords
Where Lisi Development is headquartered
LocationHeadquarters
- HQ city
- Tbilisi
- HQ country
- Georgia
- HQ region
- Asia
Offices1 record
Markets served
Lisi Development business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Residential Property Sales: Direct sales of residential units including apartments, townhouses, villas, and land plots. Properties are sold in various completion stages: white frame, renovated with built-in furniture, or fully furnished. One-time purchase transactions with property ownership transferred to buyers.
- Land Plot Sales: Sale of land plots in the Villa District (265 plots across 50 hectares) where buyers can purchase plots and build custom villas in agreement with Lisi Development. Company provides infrastructure including roads, sidewalks, landscaping, utilities connection, green fences, and gates.
- Premium Amenities and Services: Revenue from commercial zones within developments including pharmacies, supermarkets, cafes, children's stores, fitness clubs. Also includes access to amenities such as swimming pools, gyms, and recreational facilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Studio apartments: 35.1-51.4 sq.m total area, 30.8-42.7 sq.m interior |
| Unit Pricing | Pay-as-you-go | One-bedroom apartments: 56-78.8 sq.m total area |
| Unit Pricing | Pay-as-you-go | Two-bedroom apartments: 69-162 sq.m total area |
| Unit Pricing | Pay-as-you-go | Townhouses: 357.7-409.9 sq.m total area |
| Unit Pricing | Pay-as-you-go | Buknari resort apartments: 29-79 sq.m with sea views |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Lisi Development product offering
Product offeringCore offering
Lisi Development is a Georgian sustainable real estate developer that builds and sells premium residential properties — apartments, townhouses, villas, and land plots — designed around an 80/20 principle (80% green space, 20% built area). Projects are developed in collaboration with internationally renowned architecture firms and target affluent individual buyers seeking eco-conscious living in Georgia.
Product overview
Lisi Development is a Georgian real estate development company offering a portfolio of residential properties centered around sustainable urban planning. The company's flagship portfolio includes: Lisi Green Town (69-hectare main complex with 80/20 green/building principle), Lisi Lake (recreational zone), Green Town Villas (land plots), and Buknari (resort complex). Individual residential buildings include Lisi Green Tower (UN Studio design), Lisi Garden House (Architects of Invention), Ricardo Bofill's House, Block C5, Townhouse T11, and Townhouse T12 — all within the Green City Lisi master plan. The portfolio offers various housing types including apartments (studios to multi-bedroom), townhouses, villas, and land plots for custom construction, with comprehensive infrastructure including parks, pools, commercial zones, and recreational facilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Apartments
Quantifiable outcome
- 80% green space allocation vs 20% built structures across all projects
- +4 more outcomes
Companies that use Lisi Development
Customer profileSegments4 records
Ideal customer profiles3 records
Lisi Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Lisi Development partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Ricardo BofillcoreLegendary 20th-century Spanish architect whose only work in Georgia is Ricardo Bofill's House at Lisi Development. This residential building embodies Bofill's DNA and is among his final projects, featuring open space concepts with divided volumes ensuring optimal natural light, terraces, and access to open areas for every apartment.
- UNStudiocoreRenowned Dutch architectural firm that designed Lisi Green Tower, a premium-class residential building in the second district of Green City Lisi. The natural landscape seamlessly merges with the building's form, and the glass facade ensures every apartment benefits from natural light and panoramic views of Tbilisi.
- Architects of InventioncoreBritish architectural studio that collaborated on Lisi Garden House and the master plan for Buknari resort area. The studio brought international standards and unique visual identity to the new Georgian Riviera project, which combines a 5-star hotel complex with premium residential apartments.
- Architects.gecoreLeading Georgian architectural company responsible for Lisi Green Town master plan and Green City architecture. Also designed Block C5 (11-story oval building with 41 apartments) and Townhouse T11. Contributed to the overall architectural vision of the 69-hectare residential complex.
Scale indicators10 records
Recent moves7 records
Expansion highlights4 records
Lisi Development competitors and assessment
Company assessmentBroad incumbents
- GTC: CEE-focused commercial and residential real estate developer. Comparable as a regional developer building premium residential and mixed-use projects in emerging European markets.
- Emaar Properties: UAE-based global master-planned community developer behind Downtown Dubai and Dubai Hills. Comparable in its use of internationally renowned architects and large-scale mixed-use master planning, though at vastly greater scale and a different geography.
- Skanska: Swedish construction and residential developer with a strong sustainability agenda and green building focus. Comparable in its commitment to sustainable urban development, though it operates as a broader contractor-developer across multiple geographies.
- Aldar Properties: Abu Dhabi-listed developer of integrated, mixed-use master communities (Yas Island, Saadiyat, Aljurf). Comparable in its strategy of pairing residential with hospitality/lifestyle amenities and architect-designed signature buildings.
- Lendlease: Global developer focused on large urban regeneration and master-planned communities with sustainability commitments. Comparable in its philosophy of integrated green master planning and architect-led design, though it operates at city-scale globally.
Regional players
- Patria Group: Georgian construction and real estate group active in Tbilisi residential and commercial development. Comparable as a domestic Georgian competitor operating in the same regulatory and macroeconomic environment.
- IMK Development: Bulgarian residential developer focused on premium urban projects in Sofia and the Black Sea coast. Comparable as a regional Southeastern European developer with similar product tiers and resort/secondary-home exposure.
Direct peers
- Arada: Sharjah-based master-planned community developer with sustainability-focused residential projects such as Aljada. Highly comparable in scale, sustainability positioning, premium-segment targeting, and architect-driven design philosophy.
- Red-Co: Georgian real estate developer with residential and mixed-use projects in Tbilisi and Batumi. Comparable as a local competitor targeting premium residential demand and adjacent resort/coastal segments like Lisi's Buknari project.
- Axis Group Georgia: One of the largest residential and mixed-use developers in Georgia, operating in Tbilisi with multi-project master-planned communities. Directly comparable as a Georgian for-profit residential developer competing for the same affluent domestic buyer segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Lisi Development social profiles
Digital presenceLisi Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lisi Development leadership team
Management profileNumber of profiles
Lisi Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lisi Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lisi Development
What does Lisi Development do?
Lisi Development is a Georgian sustainable real estate developer that builds and sells premium residential properties — apartments, townhouses, villas, and land plots — designed around an 80/20 principle (80% green space, 20% built area). Projects are developed in collaboration with internationally renowned architecture firms and target affluent individual buyers seeking eco-conscious living in Georgia.
Is Lisi Development a public or private company?
Lisi Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lisi Development founded?
Lisi Development was founded in 2010. It employs 11 to 50 people.
Where is Lisi Development based?
Lisi Development is headquartered in Tbilisi, Georgia, in the Asia region.
How does Lisi Development make money?
Three revenue lines are on record. Residential Property Sales are the primary driver. The others are land Plot Sales and premium Amenities and Services.
Who are Lisi Development's main competitors?
Broad incumbents on record are GTC, Emaar Properties, Skanska, Aldar Properties and Lendlease. Regional players are Patria Group and IMK Development. Direct peers are Arada, Red-Co and Axis Group Georgia.
Does Lisi Development have an API?
No public API is recorded for Lisi Development.
What industry is Lisi Development in?
Lisi Development's product category is Sustainable Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of BPAHAKAE, Regional & Land Use Planning. Its NAICS code is 236116 and its SIC code is 6552.