Velion Residences — new-build apartment building with modern balconies in Budapest Zugló

Velion Residences

270 modern apartments along the Rákos Creek in Budapest's 14th district. A new, green residential neighbourhood in Zugló.

About the project

A new, green-rich residential quarter is taking shape in Budapest's 14th district, along the Rákos Creek.

We respect people and the environment

Velion Holding Zrt. is building a condominium complex of 270 modern, affordably priced apartments on Telepes Street in Budapest's 14th district, where the surrounding environment can also be significantly renewed. The goal is not only to create quality new homes, but also to beautify the cityscape, increase the proportion of green spaces and provide community areas for those who live here. The five independent, five-storey residential buildings — designed with respect for both people and the environment — encircle a green courtyard and are connected underground by a shared garage, preserving the neighbourhood's beloved small-town character while also providing the opportunity to create substantial green areas.

270
apartments
5
buildings
5
floors
1
green courtyard
Velion Residences courtyard and rooftop gardens render — green community spaces

Together and apart

Ground-floor apartments have their own private gardens, while on the upper levels rooftop gardens await residents — partly as private property, partly as shared community gardens. The varied façades, adapted to orientation and layout, are articulated by spacious balconies in a chequerboard pattern. Sight lines between apartments are minimal, ensuring privacy for every resident. A standalone community building in the inner courtyard — complete with its own utilities, storage and a garden-facing terrace — means that over time, residents can truly forge into a community.

Velion Residences street façade — modern architecture in Budapest Zugló
Velion Residences green courtyard — community garden and recreation area

Otthon Start Programme

Our project may receive private-purpose priority investment status under the Otthon Start Programme (OSP), but even if it does, we will not exercise all of its possibilities, because it is especially important to us that the neighbourhood's authentic, family-home, small-town character is preserved alongside the new living environment — which is why our buildings will not rise above 18.5 metres.

Location

Budapest 14th district, Telepes Street — along the Rákos Creek, with excellent transport links and a green setting.

Otthon Start Programme

Velion Holding

Velion Holding is committed to sustainable and quality residential development. Our goal is to create value for Budapest through the revitalisation of brownfield sites — building modern, green and affordable homes.

270
apartments in the development
XIV.
district location
5
buildings in the complex