16/09/2024
This link was forwarded to me by a friend yesterday, I was up all night concerned about this..
Everyone needs to speak up ..and be involved to stop this..
As you know I am a Realtor and I try to be supportive of many new developments I actually invest in some, but the lack of normal financing, the robbing Peter to pay Paul with developers who should never be developers is a nightmare for new buyers.
The buildings that are years over due to be completed on Cozumel, even the partially built ones that change developers 2-3 times with no respect for the original buyers contract is un acceptable.
Instead of the "hands out for new" help get the ones under construction finished.
The infrastructure on Cozumel does not support most of these new projects.
Water, sewer, electrical and now phone and internet are all substandard to 2024/5 world standards.
So take a look at this ...shocking announcement.
Thank you for reading please don't put opinions here but get to the source please...
The Ministry of Environment and Natural Resources (Semarnat) has initiated a public consultation to assess the viability of a proposed luxury real estate development, "Punta del Mar Cozumel". The project, located near the sea, includes the construction of 84 apartments and a beach club, planned for two sites on the island of Cozumel.
Real estate firm Punta Tormentos S.A de C.V plans to invest 65 million pesos in the island for the construction of nine five-story buildings, including penthouses and a beach club. The company has already submitted the Environmental Impact Manifest (MIA) to Semarnat, which is currently under review.
From September 13 to October 14, Semarnat has made the project documents available for public consultation. This period allows environmental specialists, business groups, and the general public to provide feedback on environmental concerns. Those interested can access the MIA and submit environmental mitigation opinions directly at the Semarnat facilities in Cancún, located in the hotel zone, at kilometer 4.8 of Kukulcán Boulevard, or online.
The real estate market on the island of Cozumel has grown, extending into popular neighborhoods where foreign investors, primarily Americans, are directing their investments. After acquiring land or properties, these investors often build, modify, or customize the properties for residential use or as vacation rentals.
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