24 November 2017 – Expansión
On 30 November, the Valdebebas Compensation Board (Madrid) is going to approve the largest land reparcelling project in history, which will involve the processing of 15,000 registry notifications. That will allow the unblocking of the licence granting procedure, which is affecting almost 4,700 homes, around 40% of the total planned for the area.
In total, 11,400 homes are planned for Valdebebas. Currently, 4,800 units have received their first occupancy licences and another 2,000 are being built. Moreover, 850 homes are under development and 3,800 are pending development. These two last categories are affected by the block imposed. More than 16,000 people already live in Valdebebas and by the end of the year, there will be around 18,000.
“We want to comply with the route map set out by the Town Hall. The mere beginning of this process should give rise to the lifting of the suspension over the granting of licences”, explained the Managing Director of the Board, Marcos Sánchez, to Expansión.
With the economic reparcelling, the pending urban planning charge, which amounts to €30 million, is redistributed. The previous reparcelling, approved in 2015, was annulled by the High Court of Justice (TSJM). It also ruled that the special plan for the so-called ‘Pastilla Comercial’ was void.
Original story: Expansión (by Rebeca Arroyo)
Translation: Carmel Drake
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Source:: AURA Real Estate Experts