We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

Valdebebas Takes First Steps to Unblock its Construction Licences

Posted by: In: Real Estate 24 Nov 2017 Comments: 0 Tags: , , , , , , , , , , ,

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

The post Valdebebas Takes First Steps to Unblock its Construction Licences appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts


Sorry, the comment form is closed at this time.