About Karma - Karma Developers

Welcome to KARMA

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!


Nicolas Karoullas

CEO, Karma Group