Full Description

Highlights

- The second biggest development in Bucharest
- Green, tranquil area - extremely popular amongst the locals
- 1st Phase sold out completely for waiting buyers
- Excellent payment terms: 25%-75%
- Fully newly-built neighbourhood, all the amenities can be found within its boundaries
- Huge development in the area: the new motorway (Budapest - Bucharest) will run 700 metres from the development
- High capital growth potential

Investment

The development is situated in Northern Bucharest in the Tunari district, just outside the Ring Road and next to the most prestigious area of Bucharest - Pipera. This is the second biggest project of Bucharest and a developer dreamt of a new town where all the amenities and luxury services can be found within the boundaries of the development. The neighbourhood will be fully newly-built beside a natural lake.

It is extremely popular amongst the locals because they prefer a green and new build environment to the noisy and polluted inner city where the old communist blocks are the only housing solution. Bucharest used to have many lovely parks but most of these were built in so the green areas disappeared from the centre of the capital.

The development is linked to the city centre with the Pipera Road and the Ring Road is running just in front of it. Until completion the public transport to the development will be sorted out. The new motorway (linking Budapest with Bucharest) will run 700 metres from the development (this part is to be completed in 2010) and will provide an alternative and comfortable route to the city centre and out of town. The new Ring Road (to ease the old Ring Road, in planning phase) will be 7 km far. There is huge development going on in the area and significant investment brought in - these ensure high capital growth for investors.

The 1st Phase - 565 apartments - was totally sold out for waiting Buyers (mostly locals). The 2nd Phase is divided into 3 stages, 2 stages are on sale (500 apts already sold), stage 3 will be launched in 2 months but on much higher prices! This is the right time to invest at this excellent development.

The project

The developer will build a small town containing a total of 4600 apartments with the full completion date of 2014. The development will have all the necessary facilities of a town within its boundaries: church, kindergarten, school, swimming pools, gym, water sports, shopping centre, surgery etc. The whole area will be fenced off for security, a magnetic card entrance system and CCTV camera system will be applied. The developer will set up a company to do the gardening, maintaining the pools and ensuring the 24-hour security. In the first year this company will operate after that the tenants decide whether to keep it or set up an association.

Pricing and payment schedule

The development is situated in Northern Bucharest near the most prestigious area of the capital - Pipera. A new mini town will be constructed here and an expected 10.000 people will live here. Significant development is going on in the area: the new Motorway linking Budapest with Bucharest will run 700 metres from the development. The new Ring Road will be situated 7 km far from the project (in planning phase). Further investments will take place to resolve traffic issues that may arise when this new district will be fully inhabited. All this development taking place in the area will ensure high capital growth potential.

The development is extremely popular amongst the locals - they consider this project an excellent alternative for the modern day living. If you ever visited Bucharest you will understand why this green, fully newly-built area is so desirable for them.

The 1st Phase of the project was totally sold out for waiting Buyers and the 2nd Phase is on sale now, divided into 3 selling stages. Stages 1 and 2 are in progress now and stage 3 will launched in two months, but on much higher prices. We are able to offer the apartments on these very competitive prices for a limited period only.

For the full investment brochure please contact us.