Yesterday, the groundbreaking took place for First Morra, an innovative real estate project located in the heart of Villa Morra, one of the most sought-after neighborhoods in the capital. With 88% of the building already sold, this project promises to be a benchmark in the area thanks to its avant-garde design and strategic location.
The development consists of 302 apartments distributed in two towers, with 13 levels and up to 12 apartments per floor. It offers a wide range of units, including two-bedroom apartments of 55m² from USD 99,048, 60.3m² from USD 110,455 and 72.3m² from USD 123,867. It also has studio apartments with patios from 40.8m² and a starting price of USD 72,857. In addition, the building will have 120 parking spaces and 46 storage rooms, distributed on two levels. On the ground floor there will be a commercial sector and an elevated private plaza of 800 square meters, providing an exclusive and safe space for residents and visitors.
Located on Dr. Morra, between Guido Spano and Olegario Victor Andrade, in the Villa Morra neighborhood, the project is in one of the most privileged areas of Asunción. Villa Morra is characterized by its dynamism, security and proximity to multiple centers of interest, such as universities, restaurants, corporate offices and shopping centers. An innovative aspect of the project is the semi-pedestrian area approved by the municipality, which will transform the urban environment. The road will be raised to the level of the sidewalk and the sidewalks will be widened, allowing more space for pedestrians without interrupting vehicular traffic. This initiative follows a global trend that prioritizes cities designed for people and not just for cars, generating a positive effect in the area.
First Morra brings together all the amenities that modern tenants are looking for, guaranteeing quality of life and excellent profitability for investors. Its amenities include two lobbies per tower, barbecue area, coworking, lounge, private meeting room, gym, swimming pool, terrace spaces, rooftop restaurant, children's play area and several commercial premises on the ground floor. The strategic location of this real estate development makes it an excellent option for those looking for an investment with a high return on rent and capital gains.
Villa Morra is one of the areas with the highest demand for rentals in Asunción, thanks to its concentration of multinational companies, banks and international organizations. This ensures high profitability for those who invest in properties in this area. First Morra has been conceived as a building in the pipeline, with flexible financing and affordable installments, allowing investors to generate passive income through rent. The developer emphasizes the importance of investing in projects designed from the outset to offer high returns, facilitating the construction of a solid and sustainable heritage.
The project has two types of payment plans. The first consists of an initial payment of 30%, 60% in installments during the construction and the remaining 10% in the possession phase. There is also the possibility of paying it in continuous and equal installments throughout the construction, thus facilitating the investment and adapting to the needs of the buyer.
The cost of the expenses is planned at USD 1.15 per square meter, a competitive figure considering that the average in buildings of similar category is around USD 1.40 per square meter. The project is scheduled to be completed in March 2028.
The project is being carried out by Benítez Bittar Constructora, a company with 34 years of experience in the real estate market. With 526,070 square meters planned in 10 cities and 30 satisfied clients, Benítez Bittar has established itself as a benchmark in the sector. Its commitment to quality, attention to detail and innovation ensures that First Morra will be a milestone in the residential offering of Asunción.
With a strategic location in the heart of Villa Morra, an avant-garde design and a wide range of top-level amenities, First Morra is consolidated as an exceptional option for both those seeking a home with quality of life and for investors seeking a high-profit opportunity in Asunción. For more information, you can contact +595 992 823700 .