5,000 apartments to be built in South Bucharest by 2016

Newsroom 30/03/2015 | 17:20

Several Romanian investors want to develop by next year 5,000 apartments in the South of Bucharest, for the first phase having been bought plots of about 15 hectares, and the first blocks will be available for sale this year.

The construction works have already started and the project, called Metalurgiei Park Residence, will run up to 50 hectares, following to be developed in several stages, according to a release issued by the investors and quoted by Mediafax.

For the initial phase, for which there were purchased plots of about 15 hectares, a number of developers who have previously built projects in the South of the capital, respectively Brown Residence, Top House, Viva Residence, Joy Residence and Family Residence have announced their plans to build by 2016 a total of 5,000 apartments in the assembly.

Metalurgiei Park Residence will be completed with Romanian capital, using work force from Bucharest and the surrounding areas, and for the first stage, built on 15 hectares, the investment is estimated at EUR 100 million.

The residential park includes school, kindergarten, spa, and each assembly will have playgrounds for children and green spaces.