Puerto Vallarta Real Estate – $500 Million Project Infrastructure Advance

Puerto Vallarta Real Estate – $500 Million Project Infrastructure Advance

Puerto Vallarta Real Estate is seeing significant progress on the Litibú project in the Riviera Nayarit. The project offers new condominium opportunities in Mexico, with more than 90% of current hotel and condominium lots sold, as well as single-family lots for homebuilders in Mexico. The new project is making strong progress, offering properties for sale to those who find attractiveness in a low-density development with close contact with nature.

So far, Litibu has received an investment of around $60 million in infrastructure from the government, in addition to around $400 million from private sources. Litibu’s key infrastructure has been completed, with a saltwater treatment plant and a wastewater treatment plant recently completed.

At the beginning of March, the President of Mexico, Felipe Calderón, officially inaugurated the two key elements of infrastructure that the National Fund for the Promotion of Tourism (FONATUR) developed for Litibú. With a super high capacity, the two treatment plants will provide a more than sufficient service to the development in terms of potable water and sanitation, which will allow to accelerate the completion of Litibu, which means an individual investment in pre-construction of condominiums and lots for houses. . you will see results sooner.

Litibu’s excellent infrastructure is a strength in attracting investment for large-scale condominium and hotel developments in this beautiful section of Puerto Vallarta’s extremely successful real estate and tourism market, and also provides confidence to uninitiated home and condo buyers. Mexicans to invest their funds. in properties here. Libitu has already sold more than 90 percent of the hotel and condominium lots, demonstrating the solid confidence of investors, both Mexican and foreign, making it clear that Mexico continues to be an attractive country not only for tourists but also for investors. .

The Litibu project consists of a high-quality infrastructure, which is already 100% operational and includes a complete road and drainage network, in addition to the water system. The tourist and real estate development of Litibú is already 100% urbanized. There is also a PGA PGA golf course designed by the legendary Greg Norman, which covers an area of ​​170 acres with 18 holes.

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