Grupo Mais Initiates Construction on 92 New Residential Units in Montijo
The developer Grupo Mais has officially announced the start of two new residential projects in Montijo, which will introduce a total of 92 new apartments to the market on Lisbon's South Bank. The company confirmed that construction on the “Vila Salgueiro” development, comprising 60 apartments, began in November. Simultaneously, the “Villa Galega” project, which will add another 32 units, is also underway. This move follows the successful near-completion of the group's 80-apartment “Villa Lusa” project in the same municipality.
The expansion is backed by a significant investment of €3.6 million for the acquisition of six land plots within the city, signaling a strategic reinforcement of the company's residential pipeline. A representative from Grupo Mais noted that the decision was driven by the “abundant” and sustained demand for housing in the council. The proximity to the Vasco da Gama bridge is a key selling point, offering residents swift access to Lisbon while enjoying the quality of life on the South Bank. Investors tracking new projects should keep an eye on the latest construction updates news for the region.
According to the project specifications released by the developer, the “Vila Salgueiro” building will feature a distinctive circular architectural design. The apartments will range from one-bedroom (T1) to expansive six-bedroom (T6) layouts. The developer highlighted that the units are designed with “generous areas, good sun exposure, open views, and large terraces,” aiming to attract a diverse range of buyers, from young professionals to large families. Understanding the nuances of such new developments is key, and buyers often consult guides on the risks of new builds.
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This significant addition of housing stock addresses the ongoing demand in the Lisbon metropolitan area, particularly in municipalities that offer a competitive alternative to the capital's city center. The development activity in Montijo is part of a broader trend of urban expansion and regeneration on the South Bank, a region that has garnered increasing interest from both national and international buyers. For a deeper understanding of the area's appeal, exploring a Lisbon neighborhoods guide can provide valuable context on Montijo's place within the greater metropolitan landscape.
The projects by Grupo Mais are among several new developments transforming the residential profile of Montijo. The local municipal authorities have been supportive of new construction that aligns with urban planning goals, aiming to increase housing supply without compromising the area's character. The combined 92 units from “Villa Galega” and “Vila Salgueiro” represent one of the most significant private development launches in the municipality this year. The timely completion of these projects is expected to be a key indicator of the market's health moving into the next fiscal year. Monitor new development opportunities at realestate-lisbon.com.