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The Velha Grande neighborhood, in Blumenau, is receiving a mega-condominium that the MRV construction company calls a vertical neighborhood: there are 656 apartments on a plot of more than 70 thousand square meters on Bruno Ruediger street, with an estimated delivery in 36 months. The apartments have values starting from R$ 234 thousand and fall into band 2 of the Minha Casa Minha Vida program, accessible to families with incomes starting from R$ 3.5 thousand, According to ndmais. The structure includes barbecue grills, a playground, a hammock area, a sports court, a picnic area, a bike rack, and a pet place.
A vertical neighborhood with 656 apartments starting from R$ 234 thousand is taking shape in Velha Grande, in Blumenau, and those who want to know when it will be ready already have an answer: the forecast is 36 months, which places delivery around mid-2029. The mega-condominium is a project by MRV, the largest construction company in Latin America by volume of units, and occupies a plot of over 70 thousand square meters on Bruno Ruediger street, with a planned built area of 32.7 thousand square meters.
The detail that positions the development as an opportunity for access to housing is its inclusion in Minha Casa Minha Vida. The apartments fit into band 2 of the federal government’s housing program, intended for families with incomes starting from R$ 3.5 thousand, a band that offers subsidies and more favorable financing conditions than those practiced in the conventional market. With initial values of R$ 234 thousand, the vertical neighborhood in Blumenau targets an audience that wants to move out of rented housing but cannot access the prices practiced in mid-standard developments in the city.
What is the Velha Grande vertical neighborhood
The concept of a vertical neighborhood applies when a condominium is large enough to function as a small autonomous community, with leisure, social, and service infrastructure that reduces the need to travel for daily activities. With 656 units, the Velha Grande mega-condominium will have a population equivalent to that of a small neighborhood — estimating an average of 2.5 residents per apartment, there will be approximately 1,640 people living in the same space.
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The leisure structure planned in the project includes barbecue grills, a playground, a hammock area, a sports court, a picnic area, a bike rack, and a pet place. For families with children and pet owners, the offer of shared spaces within the condominium itself is a strong argument, especially in a city like Blumenau where the price per square meter in central neighborhoods already makes it difficult to access properties with generous leisure areas.
Why MRV chose Velha Grande
MRV chose the Velha Grande neighborhood for its quiet residential profile combined with the urban expansion of the region. The plot of over 70 thousand square meters on Bruno Ruediger street is one of the largest available for development in the area, and the still sparsely developed nature of the neighborhood allows the mega-condominium to integrate into the surroundings without the resistance that projects of this size face in already saturated regions.
The Velha Grande is located in the west zone of Blumenau, with access via highway SC-474 and proximity to commercial and industrial hubs in the Itajaí Valley. For MRV, which operates in the economic segment and relies on large plots of land at affordable prices to make the numbers work, the region offers a balance between the cost of the land, housing demand, and developing urban infrastructure. The built area of 32.7 thousand square meters on a 70 thousand square meter plot indicates that the project preserves significant open areas, which contributes to the quality of life of future residents.
The numbers: price, income, and financing through Minha Casa Minha Vida
The entry price of R$ 234 thousand per apartment needs to be read in the context of financing. In Minha Casa Minha Vida’s Band 2, families with incomes between R$ 2,640.01 and R$ 4,400 can access subsidies of up to R$ 55 thousand and interest rates ranging from 4.75% to 7% per year, significantly below the 9% to 12% practiced by the free market. For a family with an income of R$ 3.5 thousand, the monthly financing installment can be below R$ 1,500, depending on the down payment and term.
In Blumenau, where the average price per square meter in valued neighborhoods like Victor Konder, Ponta Aguda, and Centro exceeds R$ 10 thousand, an apartment at R$ 234 thousand represents an alternative for those who accept living in a more distant region in exchange for an affordable price and complete leisure structure. The math is simple: pay R$ 1,500 in installments for your own property instead of R$ 1,800 or R$ 2,000 in rent in more central neighborhoods, with the advantage of building equity.
When will it be ready and what to expect in the next 36 months
The estimated delivery in 36 months places the completion of the vertical neighborhood around the first half of 2029. For developments of this size, the timeframe is standard: MRV builds on an industrial scale, with standardized stages of foundation, structure, masonry, installations, and finishing that are repeated across hundreds of construction sites simultaneously throughout Brazil. The developer’s experience in large-volume projects reduces the risk of delays, although climatic and material supply unforeseen events are always possible.
Buyers who sign a contract now will have three years of intermediate installments before receiving the keys. During this period, it is essential to monitor the progress of the work, verify if MRV adheres to the schedule, and keep all contractual documents. For those in the Minha Casa Minha Vida program, financing with Caixa Econômica Federal is usually formalized close to the delivery of the keys, when the property receives its occupancy permit (habite-se) and individualized registration.
Would you live in a vertical neighborhood with 656 apartments in Velha Grande in Blumenau, or do you think a mega-condominium of this size brings more problems than solutions? Tell us in the comments if you are looking for a property through Minha Casa Minha Vida and what you think of the prices practiced in the city.
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