Mexico City / 07.28.2021 20:42:35
Investment in the developments announced in Mexico City will be detonated within the next six to twelve months, depending on the ease in the processes and procedures for the developers, assured the president of the Association of Real Estate Developers (ADI), Enrique Téllez.
In an interview, Téllez Kuenzler assured that it will be 3 billion dollars -around 60 billion pesos-, the investment that is foreseen for the construction of hospitals, shopping centers, houses and mixed-use buildings and that are contemplated within the project reactivation of the economy in Mexico City.
“When we talk about reactivation, it requires everyone to take place, this means that the participation of the public and private sectors is needed, led by entrepreneurs and investors and citizens, if we do not have them, recovery will be difficult,” he said. .
He highlighted the importance of speeding up permits and licenses for the construction of schools, hospitals and housing.s, as well as the facilities for the construction of real estate projects in primary roads of the capital, as well as accelerating the single window and the processes before other agencies that will maintain these facilities until December of this year.
“Projects must be detonated, the type of projects are those that are large-scale on site, such as shopping malls in Polanco or Torres de Reforma, they are of strong execution, historically the obtaining of permits has been two years, but with these facilities are shortened times and the idea is that with this dWe will etonize the investments in the next six to 12 months ”.
The director of the body that groups together different developer companies indicated that the industry construction impacts more than 48 branches in the economy, so the commitment they have is to start as soon as possible, also from the authority, and that is what we all expect.
According to data from the National Institute of Statistics and Geography (Inegi), construction activity in May advanced 45.9 percent compared to the same month last year.
Only the building segment rebounded 56.1 percent in May and for the second consecutive month after 19 months of decline, being one of the most affected by the pandemic and the crisis generated by covid-19.
Téllez indicated that other states such as Jalisco, Puebla, Baja California and Nuevo León seek to support the reactivation through investment in real estate developments, although he acknowledged that one of the entities that has suffered the most is Mexico City.
“These are the ones that are starting and if we start them I’m sure we will have new projects entering the city,” he said.