Azeta Group and Altamira Group Begin Construction of Altavida Norte and Reinforce Urban Development in Limpio
- Carlos E. Gimenez
- 2 hours ago
- 4 min read
The groundbreaking ceremony marks the beginning of a residential development that accompanies the urban expansion of the northern axis of the metropolitan area.
On February 6, 2026, in the city of Limpio, the groundbreaking ceremony was held for Altavida Norte, a new residential development spearheaded by Grupo Azeta and Altamira Group. The event officially marked the start of construction on a project that falls within a phase of significant urban expansion along the northern axis of the metropolitan area. The project aims to address a growing demand for housing with an affordable, well-located option, backed by business groups with a strong presence in the sector.
The ceremony was attended by municipal authorities, headed by the mayor of Limpio, members of the Municipal Council, executives from both companies, representatives from the real estate sector, and members of the media. Beyond its formal nature, the day symbolized the definitive transition of Altavida Norte from its commercial phase to the physical construction of the project.
Located steps from the recently opened Plaza Norte Shopping Center and the Abasto Norte complex, the project is situated in one of Limpio's fastest-growing urban corridors. Its immediate proximity to services, shops, consumer centers, and new infrastructure solidifies the area as a strategic location for both first-time homebuyers and investors looking to capitalize on appreciating properties. Over the past five years, this sector has seen the establishment of industries, the opening of new businesses, and the inauguration of new educational institutions, factors that reinforce the pressure on residential demand and the projected profitability.
From a broader urban perspective, Limpio is beginning to emerge as one of Asunción's natural expansion zones. Improved connectivity, land availability, and the arrival of major commercial operators are reshaping its role within the metropolitan area, transforming it into an increasingly attractive territory for medium-scale developments with a city-oriented approach.
Altavida Norte is planned as a residential complex comprised of two towers with 62 apartments each, totaling 124 units including parking spaces. The program includes studio and two-bedroom apartment layouts, designed to appeal to a broad market of both end buyers and investors. The development also features functional amenities, such as a recreational court and multipurpose barbecue areas, while its immediate proximity to the shopping center acts as a natural extension of daily services, reducing the need for long commutes and improving the quality of life for residents.
One aspect that stands out is the sales performance prior to the start of construction. During the presentation, it was reported that over 65% of Tower 1 is already sold, a level of occupancy that reflects early market validation of the product. This performance positions Altavida Norte as one of the most dynamic residential developments in Limpio's new urban center and reinforces the perception that there is latent demand for well-located housing solutions with competitive entry prices.
On the commercial front, the project is offered as a pre-construction sale, with prices starting at USD 33,990, accompanied by in-house financing options during construction, interest-free until delivery. This model aims to facilitate access to housing and, at the same time, offer investors a phased entry structure aligned with medium- and long-term investment horizons.
The delivery of the first units is scheduled for December 2026, a timeframe based on a construction methodology already proven by Altamira Group. The developer will manage the project, utilizing the tunnel formwork system, the same one employed at Altamira Surubí'i, where six towers have already been built and delivered since 2021. This method allows for more efficient, organized, and rapid execution, optimizing time and costs without compromising construction quality, a key factor for meeting deadlines in projects of this type.
Behind Altamira Group lies a business story marked by the union of two families: the Guareschi and the Gil. With Paraguayan roots and international experience, the Gil family, led by Rafael and Víctor Gill, decided to return to the country from Venezuela with a clear vision for investment and development. The alliance with the Guareschi family, linked to the construction and real estate development sector, gave rise to Altamira Group, which today boasts over nine years of experience in Paraguay and a portfolio of seven projects, including Altamira Ycuá Satí, Altamira Surubí'i, Altavida Luque, Alzara Plaza, Parque Alcántara, and Veralta Los Laureles.
For its part, Grupo Azeta brings significant business backing. With over 70 years of experience, the group has established itself as a platform that integrates and enhances multiple business models in Paraguay. Its ecosystem includes iconic companies such as IDESA, Shopping del Sol, Shopping Mariscal, Abasto Norte, Shopping Mariano, and Abasto Este, among others. This experience in commercial and urban development is key for projects seeking to integrate organically into their surroundings.
Altavida Norte is also part of Distrito Norte, an initiative that brings together developers, educators, and commercial operators with the goal of transforming the Luque–Mariano–Limpio corridor into a new planned urban axis. The proposal aims to coordinate efforts between the private sector, government, and civil society to support growth with adequate infrastructure, improved urban planning, and a shared long-term vision where economic development, family well-being, and sustainability advance in a balanced way.
With the start of construction, Altavida Norte reaffirms its position as a reliable, well-located option, aligned with the sustained growth of Limpio and its surrounding area. The groundbreaking ceremony not only marks the beginning of construction but also the consolidation of a project that combines accessibility, quality construction, and orderly urban planning, in a context where the northern axis of the metropolitan area is beginning to play an increasingly prominent role in Paraguay's real estate development.
To receive detailed information about Altavida Norte, please complete the form below. A representative from the developer's sales team will contact you directly to provide further details and answer any questions.
