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Two multi-apartment buildings are under construction in the place of the old school building of Karmir Shuka (Red Market) community in Martuni region of Artsakh (Nagorno-Karabakh) through the support of Artsakh Investment Fund.

In an interview with “Artsakhpress”, Karen Alaverdyan, the director of Rafo LLC, said that the first stage of the construction has already kicked off.

"The old school building is being demolished, then we will begin setting the groundbreaking for the buildings. It is planned to construct two four-story buildings with 32 apartments. A basement will also be built. The new district will have a renovated and illuminated yard, a playground, a park, a green zone and a parking lot, "said Mr. Alaverdyan. 

Mortgage loans will be granted to finance the acquisition of the apartments.

According to the source, the Red Market is one of the largest and fastest developing communities in Artsakh. In recent years, a community center has been built and put into operation in the community with a cultural club. A two-story school for children of the Red Market and neighbor Taghavard communities has been built. The problem of permanent drinking water been also solved.