For more than 35 years, the Karma Group has built strong relationships with its clients, thanks to its commitment to integrity, honesty, and quality. Faithful to its friendly, customer-oriented approach and all-important aftersales care.
Today, the Group has delivered more than 4000 superior properties, and continues to offer enticing new projects, with unique designs, in highly sought-after locations all along the stunning Eastern coastline of Cyprus. Karma Group is made up of a number of companies, each offering a different set of value-added services to our clients.
Established in 1985, Karma Group has grown to become a key player in the Cyprus property industry.
KARMA Developers, the first member of KARMA Group, was established in 1985. Today KARMA Developers has flourished by delivering more than 4000 quality properties and is continuing to evoke offering great new projects with unique designs and sought-after locations along the stunning Eastern Coastline. KARMA Developers is considered the leading company of the Group.
Multiflow was established in 1991 and is based in Larnaca, Cyprus. The main activities of the company are providing mechanical engineering studies, designs, installations and maintenance. Since 1991, the company has accomplished more than 2000 public and private projects.
KARMA Hellas was formed to offer turnkey apartments for students, investors and permanent residents right in the centre of Athens. Since 1995, KARMA Hellas has proudly announced several completed evelopments in the capital city of Greece.
KARMA Property Management was created to give to our clients the Tender Loving Care to their properties that was needed and help them make the best of their investments by offering a huge range of services including property rentals, Property Management and Cleaning. Since 2003, KARMA property management can undertake any task required by the customers by offering them excellent service, reliable property management and maintenance.
EDEN Square multiplex area, was established in 2004 and today has become a landmark of the tourist and hospitality industry offering tasty local and International Cuisines, amazing cocktails and nightlife entertainment. Eden Square consists of three restaurants, two bars, a children’s playground and a new upcoming elite nightclub.
KARMA Charity was established in 2010 and its main concern is consumer awareness. The charity organises annual events to help vulnerable groups.
Our values create a sense of shared identity within the organization. They define what we stand for and how we do things. At all levels we act in a way that represents what we expect of each other bringing out the best in each other while creating strong internal working relationships.
Nicolas Karoullas has been leading KARMA Group since 2009. He has extensive executive-level management and solid real estate industry experience. As the group’s CEO, he ensures the development of an effective organisational structure and promotion of a positive internal climate.
Under his visionary management, the Group expanded its operation in times of financial crisis, increased its turnover by 50% and delivered the biggest project in Famagusta Region: the Mythical Sands Resort and Spa. He holds a degree in Business Management and is an active member of the Cyprus Building and Land Development Association and the Famagusta Chamber of Commerce.
Pavlos Tsiolakkis has been a member of KARMA Group for the last 7 years. He started his career in the Group as a Financial Controller and has gradually grown to his current role as a Finance & Operations Director. Before joining KARMA, he worked for big Accounting Firms as an Auditor.
Pavlos’ main responsibilities in KARMA include financial and business analysis, projects management, and budgets and liquidity evaluation. He holds a degree in Business Administration with a focus on Accounting & Finance and a Diploma from ACCA.
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It’s with great pleasure that I welcome you at Karma Family!
Established in 1985, Karma Group was the first Developing Company at the East Coast Cyprus after the War of 1974. The Vision of the Founder, Mr. Pambos Karoullas was to create unique residential and commercial developments at the coast which will make the area a destination for locals and international investors, as also as holiday makers who would like to have a home at the most sought-after areas of the East Coast.
Growing up at the East Coast, I have learned that ‘’luxury’’ is the quality of life and necessarily the materials. This is what we want to provide our customers, a new life, a new experience which will create unforgettable memories.
Inheriting the family business in 2009 after the sudden death of the founder, our aim was to create one of the most dynamic group of companies in Cyprus which will not only be related to Real Estate Developments and Construction but also in Hospitality, Tourism and Education having always in mind the principles and values where this Group was built on!
Building strong relationships with our clients, partners and associates was always a key priority and this is something we will always do!
“Good” may be good enough for some, but most of us want more than that. We want to be part of a team whose members, even years later, will be remembered for what they accomplished. We want to go for the best! This is our motivation!
Enjoy the experience!