First Delivery of Minha Casa Minha Vida Investment in Parnamirim
Following the draw that took place in July, the city of Parnamirim has now delivered the first Minha Casa Minha Vida development. At the ceremony attended by local and regional dignitaries, the dream behind the biggest investment in Brazilian real estate started to become reality.
Parnamirim, just outside Natal, is one of the fastest growing cities in Rio Grande do Norte and a major focus for social housing investments in Brazil. The Mayor has so far committed the locality to Minha Casa Minha Vida projects building over 3,700 homes including some Obelisk International developments.
The city’s first social housing project is located in the up-and-coming area of Vale do Sol, near the BR-101 highway. Consisting of 22 blocks, this Minha Casa Minha Vida development cost R$14.4 million, entirely financed by Caixa Economica Federal. In keeping with the programme’s objective to boost employment, all workers who took part in Parnamirim’s first social housing project were from the city or nearby ensuring local job and wealth creation.
Dream Come True
In the presence of thousands of locals from Parnamirim, the Mayor handed the keys of the 352 apartments over to the lucky new owners. The first key went to Ideuzuite Oliviera, a 62-year old grandmother who will be joined in the apartment by her daughter and two grandchildren. “This is the first house I’ve ever owned,” said Mrs Oliveira, deeply moved by the occasion, “and I can’t wait to move in”.
Thanks to subsidies from the government’s investment in the programme, the new homeowners in Parnamirim pay a mortgage of just R$50 a month. They are also exempt from Brazilian real estate tax for ten years and are not obliged to pay land registry fees. The council has given each apartment owner five light bulbs and a new fridge as a housewarming present.
The Mayor also described the event as “moving” and highlighted the huge social change being generated by the Minha Casa Minha Vida programme. This was reiterated by Caixa representatives and Rio Grande do Norte’s members of the Brazilian parliament present at the ceremony.
Social Aspect Behind Investment
In Brazil, the Minha Casa Minha Vida social housing programme is instigating wide-reaching changes. These range from employment creation and financial boosts for local economies to providing adequate living conditions for millions of families.
Gary Hardacre, CEO of Obelisk International underlines the importance of the social aspect behind this Brazilian real estate investment opportunity. “There is no doubt about it,” says Mr Hardacre, “Minha Casa Minha Vida is making a real difference to the lives of ordinary Brazilians and this can clearly be seen in Parnamirim.”
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Parnamirim, just outside Natal, is one of the fastest growing cities in Rio Grande do Norte and a major focus for social housing investments in Brazil. The Mayor has so far committed the locality to Minha Casa Minha Vida projects building over 3,700 homes including some Obelisk International developments.
The city’s first social housing project is located in the up-and-coming area of Vale do Sol, near the BR-101 highway. Consisting of 22 blocks, this Minha Casa Minha Vida development cost R$14.4 million, entirely financed by Caixa Economica Federal. In keeping with the programme’s objective to boost employment, all workers who took part in Parnamirim’s first social housing project were from the city or nearby ensuring local job and wealth creation.
Dream Come True
In the presence of thousands of locals from Parnamirim, the Mayor handed the keys of the 352 apartments over to the lucky new owners. The first key went to Ideuzuite Oliviera, a 62-year old grandmother who will be joined in the apartment by her daughter and two grandchildren. “This is the first house I’ve ever owned,” said Mrs Oliveira, deeply moved by the occasion, “and I can’t wait to move in”.
Thanks to subsidies from the government’s investment in the programme, the new homeowners in Parnamirim pay a mortgage of just R$50 a month. They are also exempt from Brazilian real estate tax for ten years and are not obliged to pay land registry fees. The council has given each apartment owner five light bulbs and a new fridge as a housewarming present.
The Mayor also described the event as “moving” and highlighted the huge social change being generated by the Minha Casa Minha Vida programme. This was reiterated by Caixa representatives and Rio Grande do Norte’s members of the Brazilian parliament present at the ceremony.
Social Aspect Behind Investment
In Brazil, the Minha Casa Minha Vida social housing programme is instigating wide-reaching changes. These range from employment creation and financial boosts for local economies to providing adequate living conditions for millions of families.
Gary Hardacre, CEO of Obelisk International underlines the importance of the social aspect behind this Brazilian real estate investment opportunity. “There is no doubt about it,” says Mr Hardacre, “Minha Casa Minha Vida is making a real difference to the lives of ordinary Brazilians and this can clearly be seen in Parnamirim.”
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Labels: Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, investment opportunities, Minha Casa Minha Vida, minha casa minha vida investment, Obelisk International
posted by Alison Kane at 12:35 pm
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