Residential Investment Opportunity in Moaravlasiei, Bucharest, Romania
Key Advantages
Bucharest is among the fastest-developing European capitals, particularly in the real estate sector. Over the last 15 years, the population has grown by more than 30%, and the transient or residential population has more than doubled. Consequently, the demand for housing and services has surged, with current estimates suggesting a need for over 250,000 housing units.
Expanding Horizons
The city’s rapid development has led residents to move towards the outskirts, suburbs, and even 15-20 kilometers from the city center. This expansion is typical for large urban agglomerations. Following this trend, middle-class residential neighborhoods have developed in the South and South-West, while middle-upper and upper-class residential condominiums and complexes have emerged in the North and North-East.
Project Location
The location in question is in the North-Eastern part of Bucharest, 20 kilometers from the city center, with direct and fast access to Highway A3 and national road DN4. The plots are easily accessible via these two main roads.
Development Strategy
The zonal infrastructure development strategy is well-defined and awaiting feasibility studies for funding. The proposed Zonal Urbanistical Plans (PUZ) suggest developing residential areas with individual houses, villa-type, which is suitable for this area.
Potential Development Concepts
- SPA Center: Beauty, detoxification, nutrition, and rejuvenation treatments, complemented by accommodation centers with all necessary comfort conditions.
- Generous Complex: Services, restaurants, entertainment rooms, swimming pools, tennis courts, and a residential complex with individual villas or luxury blocks of flats (P+2+R) for affluent individuals working in the northern office areas of Bucharest.
Market Demand
Professionals in multinational companies and IT sectors are well-paid, allowing them to purchase high-comfort standard houses. The northern part of Bucharest has over 500,000 square meters of IT and multinational offices, fully occupied.
Access Infrastructure
The challenge lies in the access infrastructure from Highway A3 to the land, bringing electricity and the gas pipeline. The area’s development strategy includes transport infrastructure development, providing an advantage for potential investors through collaboration with local authorities or co-funding solutions.
Investment Considerations
- Cost Estimates: Infrastructure, acquisition, and internal infrastructure network costs are detailed in the addendum.
- Strategic Elements: After general land preparation, smaller plots can be created according to the general plan, allowing potential investors to find partners for building and managing different projects.
- Profit Potential: Involvement of existing investment funds and collaboration with groups of investors, particularly from Israel, could enhance project profitability.
Remarks
- Land Acquisition: Should be organized and realized as soon as possible, keeping a low profile to avoid price increases.
- Access Route: Collaboration with local authorities is essential for establishing the access route.
- Feasibility Study: To be conducted alongside the general project.
- Strategic Partners: Potential investors should seek strategic partners and establish project development and funding stages.
- Promotion: Consider targeting the 3+ million Romanians working abroad who may want to return for better living conditions.
Project Vision
The proposed project is complex, with high market penetration potential, catering to all categories: residential, health, entertainment, relaxation, sport, education, and more. It offers a unique vision, a wonderful challenge for developers, and a beautiful dream for any investor.
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Nilou Invest
Romania