Each block of flats will include 80-90 apartments and the fist will be delivered in August 2014, Dana Stemate, the marketing manager of the company, told Mediafax Tuesday.
Maurer Imobiliare expects to collect EUR67 million from apartment sales, she added.
According to Stemate, the project might be expanded depending on home demand.
Apartments may also be bought through the state-supported Firt Home program. Their prices will vary from EUR28,000 for a studio flat to EUR49,000 for a three-room apartment. The price of a two-room flat will be EUR37,000.
The project will be developed with the company’s own revenue resources.
Maurer has German capital and started activity in the real estate sector in 2006. Its first local realty project was developed in Cluj and includes 29 apartments. It is currently developing a project in Brasov, which will include 1,800 homes, of which 1,300 have already been sold.
The company was set up by businessman Simon Maurer.