The company budgeted EUR20 million for investments in 2013, Adreas Holler, member of Adama’s managing board, told Mediafax Monday.
Adama wants to start the second phase of the Copou residential compound in Iasi, which will include some 60 apartments, complete the Armonia project in the capital and start a new one in southern Bucharest, he added.
Armonia will have 100 apartments and the project in southern Bucharest will include 70-100 units in a first phase, Holler said.
Holler estimates apartment prices will rise in the next 24-36 months.
Last year, the company started works on the second phase of projects Optima and Edenia in eastern Bucharest. The two projects include about 200 apartments.
So far, Adama invested about EUR150 million locally in building 1,500 apartments.