The real estate developer Novum Business Invest, together with Crosspoint Real Estate, the only partner in the sales process of the Novum 56 residential project, announces a record number of sales of apartments in October – more than 40 residential units sold in a single month.
Located in the western part of Bucharest, on Bulevardul Timișoara 56, Novum 56 includes in its first phase 704 residential units, out of which 165 are studios and 539 are two and three room apartments, as well as 867 parking spaces. The total value of the investment expected for the first phase is estimated at over EUR 21 million.
Close to 90 percent sold, the first three completed buildings of the first phase of the development comprise a total of 286 apartments and studios to be handed over to customers in the coming months, upon receiving the final reception of the building. The developer has now started construction work on the next four housing blocks in this phase, which will deliver a total of 418 units, with the first entrance already 65 percent sold. The delivery deadline for the next two blocks from this stage is scheduled for the end of 2024.
“Construction work for the Novum 56 project was started in the fall of 2021, with the declared objective – the creation of a dynamic community in a developing area in the west of the Capital. Although the beginning of 2022 brought us many challenges, especially the problems encountered in the supply chain and the accelerated increase in the prices of raw materials and materials, we kept the pace of construction, managed to reduce the gaps, and with the support of our collaborators and the “commitment” of our customers, we found the best solutions to successfully complete the three blocks”, said Alin Popa, CEO of Novum Invest.
