The Regional Minister for Housing, Transport and Infrastructures of the Community of Madrid, Jorge Rodrigo, has visited the Valdecarros urban development in order to see first-hand the progress of the works. During the tour, Rodrigo expressed his support for a project which, he said, will be decisive in improving access to housing in the region.
Accompanied by the president of Valdecarros Madrid, Luis Roca de Togores, and its manager, Domingo Menéndez, the councillor was informed of the current status of the work. The urbanisation of the first three stages is expected to be completed in early 2026, which will enable the construction of more than 13,500 homes to be activated.
Speaking during the visit, Rodrigo pointed out that "this is an urban development project that includes more than 50,000 homes, which will house some 150,000 people, equivalent to the population of cities such as Burgos or Badajoz". In his opinion, initiatives of this magnitude "must continue to receive institutional support to increase supply and facilitate price moderation".
The councillor highlighted that approximately half of the housing will be public housing. "Valdecarros is not only important for Madrid, but also for the whole region. The regional government is working to make more and more housing available," he said.
For his part, Luis Roca de Togores indicated that the reparcelling project could be approved at the beginning of 2026, which would allow building work to begin that same year. Among the planned actions, he highlighted the integration of the Bus Rapid Transit (BRT) into the urban layout, the result of collaboration with the Madrid City Council and the Municipal Transport Company (EMT). "We have already connected Valdecarros with Ensanche de Vallecas, closing a ring of efficient and sustainable mobility," he said.
With 51,656 homes planned, 55% of which will be subsidised, Valdecarros is currently the largest urban development in Spain and one of the largest in Europe. Its total surface area is 19 million sqm, including seven million sqm of green areas. Once completed, it will be home to some 150,000 residents.
The investment in urbanisation works exceeds 2,000 million euros, a figure that rises to 8,000 million if the total real estate development is included. In terms of employment, 70,000 direct jobs and 480,000 indirect jobs are expected to be generated during its execution.
The project also envisages half a million square metres of retail space, of which more than 150,000 square metres will be located at street level. The location of the development, between the M-40, M-45 and M-50, has additional accesses from the M-30, A-3, M-31 and R-3, which reinforces its connection with the rest of the metropolitan area of Madrid.