Valdecarros, one of the largest real estate developments in Spain and Europe, has announced that the registration period for the online auction of six plots of land for multi-family housing will be open from 30 October until 20 November. Allocations will be made on 27 and 28 November.
These plots are located between Avenida del Mayorazgo, the M-31 and the M-45. With a total buildable area of 31,038 square metres, it is estimated that they have the capacity for approximately 340 homes. The starting price is €1000/sqm, one of the most competitive in Madrid for this type of housing.
These six plots belong to the second phase of the Valdecarros project, which will be developed in eight stages. Construction of the homes in the first three stages is expected to begin in 2025, with a projected total of 13,580 homes.
Details of the Valdecarros auctions
The auctions will be conducted through a platform provided by Vortal. The first auction will take place on 27 November and the following auctions on 28 November. It is recalled that in a previous auction held in May, companies such as Habitat and Aedas Homes acquired plots with a total investment exceeding 18 million euros. These companies have plans to build around 190 homes near Avenida del Mayorazgo.
The complete Valdecarros project envisages the construction of 51,000 new homes, representing a third of the 150,000 planned in Madrid for the coming years. More than 55% of these homes will have some form of protection.
In terms of sustainability and the natural environment, of its 19 million square metres, nearly 40% will be allocated to green areas, with the planting of more than 100,000 trees. Each home will be less than two hundred metres from a green space. Investments for the urbanisation will reach 1.8 billion euros, and together with the building investments, Valdecarros will contribute more than 7.5 billion euros to the capital's economy. It is estimated that around 450,000 jobs will be created, both directly and indirectly.
The development will also promote sustainable mobility with 127 kilometres of bicycle lanes and a bus rapid transit system. The topography of the neighbourhood will be largely flat, with almost 90% of its streets having a gradient of less than 3%. To achieve this, 30 million cubic metres of earth will need to be moved, with an additional investment of 250 million euros.