Cernica Residential could be put off again

Advanced Development, a company controlled by the former head of Raiffeisen Evolution, Catalin Scripcaru, was supposed to start construction works on a 1,000-apartment project in Cernica, East of Bucharest, which has been put off until spring of next year, most probably. “The project has been postponed due to the usual problems with the authorities. We have had many obstacles to surpass until we managed to secure the Zonal Urbanistic Plan (PUZ), and in the period leading up to elections, everything moves much slower in terms of approvals and permits. The concept is ready, and we are shortly expecting to secure a construction permit, and start construction works in spring,” said Scripcaru.