Mexico. Thanks to the recent modification of its Partial Urban Development Plans, the city of Gudalajara, Jalisco, expects to attract about US$200 million of investment for the real estate sector, both in residential and commercial projects.
This was announced by the municipal president, Ramiro Hernández García, who told local media that "we have just updated the land uses in the city. Guadalajara was slowed down by that; since 2002 the Partial Plans were not updated and in this period the city has had extraordinary changes".
The official also added that "we know that if the use of land is not resolved and it is not clear, it is useless to say that we want investments to arrive in Guadalajara, but with this change we could talk about almost 3,000 million pesos (US $ 200 million) of investment nothing more in terms of real estate developments."
