Bucharest is one of the European capital cities with the fastest development rhythm mostly in the real-estate field but not only in this field.

Considering the fact that in the last 15 years the population in the above-mentioned city has increased its number with more than 30% and the transitory or residential population have increased with more than 100%, the requirements for houses and services have increased also very much.

At this time one can estimate that in Bucharest the requirements for houses are over 250 000 units.

The huge development of the city has led the orientation of the population toward the outskirts of the above-mentioned city as well as toward its suburbs and some people have even chosen to go further the city at a distance of 15-20 kilometres from its centre.

The residential development toward the outskirts of the city and the expansion in its suburbs and in the neighbouring localities is specific to the big urban agglomerations.

Following this tendency in the South and South-West middle-class category residential neighbourhoods have developed and in the North and North-East middle-upper and upper class residential condominium and residential complexes.

The location mentioned in this presentation and which is the object of this analysis is situated in the North-Eastern part of Bucharest, at a distance of 20 kilometres from its centre, with direct and fast access on the highway A3 and on the national road DN4.

As one can see on the boards 1 and 2, the access to the plots of land can be made on these two main roads which are easily accessible.

The development strategy of the zonal infrastructure is well defined and it is waiting for the feasibility studies for funding.

As it was proposed by the realized PUZ-es ( = the Zonal Urbanistical Plans), the development of residential areas with individual houses, villa type, is the most indicate concept which is suitable for this area.

One can propose a SPA center for beauty, detoxification, nutritious and rejuvenation treatments on one of the plots of land and the development in correlation with the center of some accommodation centers, with all the necessary comfort conditions included.

As one can see in the board 1 as well as in the board 2, one can also buy a bigger surface of land where one can create a generous complex with services, restaurant, entertainment rooms, swimming-pools, tennis courts and so on and a residential complex with individual villas or with luxury blocks of flats P+2+R for the rich people who work in the office area of the north side of Bucharest.

We know well that people who work in multinationals and IT are very well paid, their wages allow them to buy houses with high comfort standard and in the northern part of the capital city there are more than 500 000 square meters for IT and multinationals offices which are 100% occupied.

The access on the residential area/condominium that we propose is fast and easy through the highway A3- the direct and efficient link.

The great challenge of the suggested project is the access infrastructure from the highway A3 to the land, to bring the electricity and the gas pipeline.

The advantage of this area is that the development strategy of the commune as well as that of the whole area provides the transport infrastructure development and this would be an advantage for the potential investor as one can collaborate with the local authorities or find a solution by co-funding.

In the board 3 addendum one can see the cost estimates for the necessary infrastructure.

In the board 3 one can also analyze the acquisition cost estimates for the achievement of a compact plot and the cost estimates for the internal infrastructure network of the project.

As an element of strategy, after the general preparation of the land, this one can be split in smaller plots of land according to the destinations provided in the general plan and the potential investor can find partners in order to build and manage different projects.

Considering the considerable profit coefficient one can take into account the involvement of the investment funds which already act on the Romanian market.

Worth noting the existence in the area of more groups of investors – from Israel – which could eventually collaborate for a unit development of the above-mentioned area.

In any case, with partnership or without it, considering the expansion tendency of Bucharest in the North-Eastern area and the upward trend of growth of the accommodation demand, such a project can be nothing else than profitable – according to the figures from the board 3 and with a high degree of success.

Remarks:

The acquisition of land should be organized and realized as soon as possible and low profile job
– the existence of the project will lead to the increasing of the prices in the area.

In order to establish the access route and its achievement one can collaborate with the local authorities.

The achievement of the feasibility study and of the general project will be made concomitant with the above-mentioned part of the project.

The potential investor should try to find strategic partners and to establish the stages of the development and funding of the project.

In order to promote the project – in the country and abroad – one should take into account that there are many Romanians who work abroad – more than 3 million – and who would like to come back in Romania in search of better living conditions.

The suggested project is a complex project, with high penetration power on the market and with an opening towards all categories: residential, health, entertainment, relaxation, sport, education and so on.

A unique project with a generous vision, a wonderful challenge for the developers and a beautiful dream for any investor