Generating density near corridors, the challenge: Canadevi Valle de México

The program of the 12 real estate agents in the Mexico City (CDMX), which would mean place of residence more affordable for the population, although it is an option to cover the demand, it is necessary to generate density in the neighborhoods around these demarcations, which, many of them, have been forgotten regarding housing, says Manuel González, Chief Director of the National Chamber of Housing Development and Promotion (Canadevi) Valley of Mexico delegation.

In an interview for EconoHábitat, González explained that there is currently a demand for 300,000 homes in CDMX; however, this number is much higher than the available supply, since, for example, the members of the Canadevi Valle de México, in the process of authorization and construction 10,000 houses.

“The housing process in the Mexico Valley for the need and demand it is low, but it has to do with the issue of the pandemic, the cost (to develop housing) and the displacement of units. We hope that we will restore the intensity of construction, processes and sales in 2022, ”González emphasizes.

In this context, the director of the Canadevi Valley of Mexico pointed out as necessary to generate density in neighborhoods around the 12 corridors that the Mexican city government intends to promote and where more affordable housing would be generated, from about 600,000 pesos.

“We are working with the government so that we start promoting greater density and density around the corridors in all the neighborhoods that surround it,” González said.

For the director of the Canadevi Valle de México, it is important that the government of Mexico City authorizes projects and simplifies processes in the said demarcations, in order to accelerate the construction of housing therein.

“These are neighborhoods that are virtually deserted, such as Pensil, which is close to the new Polanco, or the Guerrero neighborhood or part of Doctores. So there are neighborhoods that need housing, that are highly populated and deserted, ”González explained.

According to the director of said room of developers, when quality housing is built in neighborhoods that are considered red zones, security is increased, in addition to increasing the value of the properties.

Along with the programs implemented by the capital’s government, González stressed that some developers have started housing projects that are more affordable, for example with units worth between 1,200,000 pesos to 1,800,000 pesos.

“There are partners who are making developments on the authorization process for these programs and yes, what is being sought is to promote affordable housing. Housing in CDMX is expensive and we are trying to make housing in the range of 1.2 million to 1.8 million pesos, 2 million pesos in some cases, ”he emphasized.

greater certainty

González explained that although, little by little, the development of housing in the Valley of Mexico had recovered, it was complex and slow, for which he indicated that it was necessary for the governments of that region to speed up the issue of permits, as well as process management.

“It’s been two complicated years, despite the fact that construction was mentioned as an essential industry, the truth is that the same pandemic forced the intensity of construction to stop,” he explained.

González stressed that currently the residential housing segment, residential plus, in the Valley of Mexico is being seriously affected, due to the demand that also opted for lower value housing.

“There is less demand in this (residential) segment, this is a problem because developers had to adjust their inventory. “Housing is being maintained and efforts are being made to maintain the costs of other years,” he said.

González stressed that housing developers working in the Valley of Mexico are increasingly looking for more business opportunities; however, they are waiting to unblock administrative procedures as well as land investments to potentiate their work in this region of the country.

“The developer of CDMX and the state of Mexico will continue to look for the appropriate schemes. Let us remember that housing and construction are priority sectors for the country and economic reactivation; We are moving 37 branches of the whole process, we are moving a high range of industries and services and it is for the most part a national industry, ”says the director of the Chamber who has signed various agreements to build houses in the center of the country.

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