Great news: New residential area announced in Budapest

The construction of a new residential area in Budapest has been announced. A total of 665 apartments are planned to be built on the site of an abandoned woodlot in the Hungarian capital.

On the border of Szemeretelep and Miklóstelep, a new residential area is being built on a former woodlot in District XVIII of Budapest. The Alfa Group will build two- and three-storey terraced houses and condominiums in three phases, with a total of 665 apartments, Magyar Építők reports.

New residential area to be built in Budapest

Illustration: Pünkösdfürdő Park. Source: Facebook/Karácsony Gergely

The company has promised to build the new residential complex in harmony with the existing family houses, behind them, together with commercial, service and leisure green spaces. According to the developer, the area, which will be accessible from Krasznahorka Street, Szent László Street and, later, from Érsekújvár Street, will be divided into playgrounds, green areas and community gardens.

The new residential area will be accessible from a total of five directions, with most of the traffic on Soroksári Road. Thus, there will be no significant additional traffic on the existing streets with the surrounding detached houses.

Parking for 789 cars will be provided for the apartments, including 289 in underground garages under the buildings.

Budapest, Hungary. Source: depositphotos.com

According to the company, the buildings will not form a large block, but will be arranged in an airy manner over an area of almost 100,000 square metres. Green spaces around and between the buildings will connect three large parks.

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