Milan's urban planning is in chaos: construction sites are stalled and billions in investments are at risk.

Milan is at the center of a veritable urban planning storm that is severely testing the construction sector and public and private investment. Dozens of construction sites are at a standstill, with the real risk that billions of euros earmarked for infrastructure and urban redevelopment will remain on hold.

Milan's real estate industry is at a standstill: construction sites are stalled and billions in investments are at risk.

It's not just a matter of blocking projects worth hundreds of millions of euros , but an entire phase of halt affecting both completed projects and those still in the planning phase. The prosecutor's investigation has created a concrete threat of blocking real estate development in Milan, a city that over the past ten years, starting with Expo 2015, has attracted approximately 35 billion euros in investments , rapidly transforming it into the so-called "city of skyscrapers."

As reported by Il Messaggero, between 2015 and 2024, 17 million cubic meters of housing and 29 million cubic meters of non-residential buildings were built, with a 50% increase in real estate prices. Currently, approximately 150 construction sites are stalled and several projects remain on paper, jeopardizing the regeneration of the 182 square kilometers of Milan.

A study by Scenari Immobiliari reports that potential investments worth €12 billion are at risk , with an additional €26 billion in repercussions on the local economy, affecting sectors such as furniture and services. Added to this are the consequences for employment and revenue for the Municipality, estimated at between €60 and €80 million per year.

Families suspended and calls for resumption: between investigations and requests for regulatory clarity

Among the direct victims of this blockade are residents who purchased homes "on paper," but now find themselves without any certainty or actual ownership. Filippo Borsellino, spokesperson for the Committee of Suspended Families, told ANSA that the situation affects approximately 4,500 families and that, at the moment, it is these families who are paying the highest price, a situation he calls intolerable.

Federico Filippo Oriana, president of Aspesi Unione Immobiliare, asked Adnkronos for greater regulatory clarity and rapid reforms, warning that without intervention, urban regeneration risks a serious standstill, leading to capital flight, housing shortages, and damage to Milan's image.

The Committee of Suspended Families recently requested a roundtable discussion with institutions and experts to find a shared solution, recognizing the importance of the Prosecutor's Office's work and aiming to protect the families involved without interfering with justice.