Plans for the new Riviera Maya international airport in Tulum are awaiting final approval from the Mexican Civil Aviation Authority, reported local newspaper, El Periodico de Quintana Roo, last Friday.
Gina Patricia Ortíz Blanco, head of the Institute for Government Property (IPAE) in Quintana Roo, told the paper that ownership of 990 acres (400 hectares) of Tulum land has already been transferred to authorities.
She said that the zone is securely fenced off and ready for work on the airport to begin.
Once the aviation authority approves the plans the Mexican Government’s Transport and Communications Secretary will inspect the land and the bidding process for construction can begin, possibly within 30 days.
The first phase of the project is estimated to be worth around $50 million and local reports suggest the new airport will have a capacity for around 5 million passengers per year.
Local politicians have described the project as an “economic trigger” that will turn Tulum into one of the most prosperous areas in the Mexican Caribbean.
Tulum became an independent municipality last year and new infrastructure projects such as the airport and major highways improvements have been confirmed, causing land prices to rise rapidly.
to preserve the location’s unique charm and splendid natural beauty, strict building-codes have been introduced that strongly affect the value of Tulum land and lots. They are mainly meant to protect the giant underground river system as well as the ruin’s majestic appearance on the beach and basically put strict limits to height and size of residential housing and hotels. Part of Tulum’s irresistible magic consists of its tranquil exclusivity. To keep the level of population density down, new buildings have to be kept low and the capacity of hotels within certain limits. So there is hardly any way for the big developers to circumvent the rules, for example by building wide instead of high. This will help keeping Tulum a destination for those who like individuality and the certain special, but also make it even more difficult to come by Tulum land.
To preserve the location’s unique charm and splendid natural beauty, strict building-codes have been introduced that strongly affect the value of Tulum land and lots.
They are mainly meant to protect the giant underground river system as well as the majestic appearance of the Mayan ruins on the beach and basically put strict limits to height and size of residential housing and hotels.
Part of Tulum’s irresistible magic consists of its tranquil exclusivity. To keep the level of population density down, new buildings have to be kept low and the capacity of hotels within certain limits.
So there is hardly any way for the big developers to circumvent the rules, for example by building wide instead of high. This will help keeping Tulum a destination for those who like individuality and the certain special, but also make it even more difficult to come by Tulum land.
The area offers some of the best investment opportunities to be found in Mexico - now is a great time to buy Tulum real estate.
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