Family Residence Brancoveanu

Located in Sector 4 of Bucharest, specifically in the Grand Arena Berceni Mall area, the project benefits from massive residential development in recent years due to the area’s advantages, including quick access to public transportation and short distances to major points of interest.

Family Residence Brancoveanu is developed on a 10,000 sqm rectangular plot, where 4 mixed-use residential buildings are already under construction. Their height regime, established through the Zonal Urban Plan (PUZ), is Ground Floor + 6 Floors + 7th and 8th Recessed Floors, allowing the placement of premium apartments on the top two levels, complemented by generous terraces and adjacent spaces.

In total, the project will include 280 well-designed and balanced apartments, flooded with natural light thanks to the large windows (for details, see the architectural project). These apartments will be excellently finished and equipped, with clearly marked and illuminated parking spaces available at night, dedicated to both residents and visitors.

Of course, the entire project benefits from all the utilities available in Sector 4 (natural gas, running water, sewage, and electricity). Access can be made from Bulevardul Brancoveanu via Aurel Persu Street, as well as from Bulevardul Metalurgiei or Luica Street, under civilized conditions throughout the year.

The very short distance from the new project to the educational institutions in the area—whether schools or kindergartens—as well as to markets, hospitals, shopping malls such as Grand Arena Mall and Sun Plaza Mall Berceni, and major retail stores such as Selgros, Carrefour, and Metro (just 1 minute away on foot), along with the multiple direct routes to the city center accessible by both public transport and personal car, are major advantages of this residential project, truly worth considering if you are looking for a new home in the southern area of the Capital.

The project’s architects have chosen a modern, clear, and balanced architecture that incorporates the latest trends in the field, integrating large windows, generous balconies, and functional, well-divided living spaces.

The buildings will comply with the most demanding standards for new constructions and will be built using reinforced concrete frames and beams of superior quality. For both exterior and interior walls, the developers remain faithful to Porotherm bricks and high-quality insulation (10 cm polystyrene covered with decorative plaster).

Regarding the PVC joinery, they have chosen the best solution: 5-chamber PVC profiles with four-season and low-E glass, including window sills.

Within the project, there is an interior design department available to those interested in a property in Family Residence Brancoveanu. This department is offered by the project developers and is designed to assist and guide clients toward excellent interior finishes and highly functional living spaces. Each new owner has the possibility to arrange the spaces according to personal preferences, having access to a wide range of materials and equipment, with the support of the interior design team.

About Sector 4 – Urbanis 2018
Recently, Sector 4 of the Capital has experienced a true urban renaissance, driven on one hand by the interest of buyers in new homes in this area and on the other by investments made by local public authorities, especially the Sector 4 City Hall, in modernizing access roads, residential parking spaces, as well as parks and recreational areas.

According to data provided by imobiliare.ro (Q2/2018 report), Sector 4 ranks first in the number of new residential projects in Bucharest, with 69 new residential developments. The Berceni area leads with no fewer than 54 large-scale residential projects.

On the other hand, Calea Vacaresti and the Tineretului area have great potential for office development due to their proximity to the central part of the Capital and excellent transport connections, including the metro. This could generate interest in developing office hubs and business centers in this area. We can foresee a positive future for office buildings in densely populated areas (including those mentioned above), which would bring multiple advantages for all parties involved: neighborhoods would remain active during the day, retailers would benefit from increased daily foot traffic, and some employees would spend less time commuting, considering the increasingly difficult traffic situation in Bucharest.

The approval of the new Zonal Urban Plan (PUZ) for the southern area of Sector 4 represents a major administrative and urban achievement, of real importance for coherent development. We can say that the southern part of Sector 4 will become even more attractive both for Bucharest residents and for those following Romania’s urbanization trend, where young people are migrating toward the country’s major cities. It is estimated that over 50,000 people will be able to find housing in this area of the Capital, in addition to the 322,856 residents already recorded, according to data from the National Institute of Statistics as of June 2018.

The southern area of the Capital has attracted the most recent infrastructure investments, such as the Mihai Bravu underpass and the one at Piata Sudului, and next year the bridge over the Dambovita River at Nicolae Grigorescu will be completed, connecting the Vitan-Barzesti–Oltenitei intersection to the eastern part of the Capital. In this regard, it is worth mentioning that Sector 4 is allocating, for the first time, more than half of the city hall’s budget (55 million euros), and since the city hall has also applied for another 68 million euros, this will more than double the available funds. Thus, the total amount dedicated to investments reaches 123 million euros, which is excellent news both for investors (real estate developers) and for those planning to move to this area of the Capital.

Data provided by Imobiliare.ro shows that in the last 12 months, Sector 4 has recorded a growth trend in new housing prices, with certain areas seeing increases of over 10%. Notably, this growth has been constant and steady, highlighting strong demand and an increasing number of interested buyers in the area.

It is important to emphasize that Sector 4 of the Capital offers excellent proximity to educational institutions, shopping centers, parks, medical facilities, gyms, public institutions, and other points of interest. In addition, major rehabilitation and modernization works have been announced, both for these public interest areas—such as the modernization and expansion of the Berceni-Sudului Agro-Food Market complex—and for widening the main traffic arteries and boulevards in the sector (Soseaua Berceni, Strada Turnu Magurele, Bulevardul Brancoveanu, Obregia, Emil Racovita, etc.). Likewise, modernization and expansion projects for numerous educational units in Sector 4 are an important factor for young families seeking new homes.

In conclusion, based on both data provided by real estate specialists and our own estimates, it is evident that Sector 4 will become a “hot spot” in the Capital’s real estate market—most likely one of the most important, according to current figures. This underlines the importance of sustainable urban development, which can only take place with the support of local public authorities. These authorities have fully understood this need and are actively supporting the modernization of the Capital, particularly in Sector 4, through all the works and investments carried out.

Source: Association of Real Estate Developers in Romania – Urbanis www.adiru.ro

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