Post by xyz3800 on Feb 27, 2024 23:59:44 GMT -5
For many years, the city of São Paulo has encountered resistance and excessive bureaucracy in launching large-scale and also iconic real estate projects, given the various legislations and interventions by public entities and associative entities that, in order to protect the city from possible expansion unbalanced, end up making such projects unfeasible. The real estate sector is experiencing great difficulty due to several negative factors that have influenced expansion in recent years, such as the financial crisis and the issue involving cancellations. However, these are not the only problems that the sector faces, as this resistance on the part of many to the expansion of the real estate market ends up causing losses to the country's economy and society in general, as well as slowing down the expansion of mobility.urban and infrastructure of the city, which could be much more relevant when compared to other large metropolises in the world.
In this sense, on March 15, the city of New York inaugurated the largest real estate project in the United States and around the world with an investment of US$25 billion. It is not necessary to be an expert to understand that an investment of this magnitude, which in Brazilian currency exceeds the figure of R$ 100 billion, would certainly bring countless and incalculable benefits to the city, such as job creation and growth of the economy in Exit Mobile Number List general, improvement of urban mobility in the region, solving various infrastructure problems, strengthening local tourism and many others. The recently launched project in New York, named Hudson Yards, is located in trendy Manhattan and was built from scratch, meaning it required a lot of planning and engineering and architectural effort to make it technically viable. Likewise, it required a lot of debate and alignment between the legal community and public entities for the project to be legally approved and developed.
Regardless of the differences between New York and São Paulo, there is one thing in common between the cities: both are the main cities in their respective countries and are known for the strength of their real estate market. In this sense, even though São Paulo is a city of excellent prominence among the main capitals of the world and manages to provide opportunities for millions of Brazilians and foreigners who live and work here, there is a consensus among the real estate market that the city could be much more important than it already is. It is clear that the expansion of the real estate market cannot be separated from the care that everyone must take towards a balanced and sustainable environment, respect for urban planning standards, accessibility and protectionist legal rules for the city in general, among others.
In this sense, on March 15, the city of New York inaugurated the largest real estate project in the United States and around the world with an investment of US$25 billion. It is not necessary to be an expert to understand that an investment of this magnitude, which in Brazilian currency exceeds the figure of R$ 100 billion, would certainly bring countless and incalculable benefits to the city, such as job creation and growth of the economy in Exit Mobile Number List general, improvement of urban mobility in the region, solving various infrastructure problems, strengthening local tourism and many others. The recently launched project in New York, named Hudson Yards, is located in trendy Manhattan and was built from scratch, meaning it required a lot of planning and engineering and architectural effort to make it technically viable. Likewise, it required a lot of debate and alignment between the legal community and public entities for the project to be legally approved and developed.
Regardless of the differences between New York and São Paulo, there is one thing in common between the cities: both are the main cities in their respective countries and are known for the strength of their real estate market. In this sense, even though São Paulo is a city of excellent prominence among the main capitals of the world and manages to provide opportunities for millions of Brazilians and foreigners who live and work here, there is a consensus among the real estate market that the city could be much more important than it already is. It is clear that the expansion of the real estate market cannot be separated from the care that everyone must take towards a balanced and sustainable environment, respect for urban planning standards, accessibility and protectionist legal rules for the city in general, among others.