economy
May 8, 2026
Constructora Bolívar defends Buenavista Living project's progress after SIC sanction: here's its response
Buenavista Living's rescheduling responded to technical adjustments, according to the construction company's explanation Photo: iStock
TL;DR
- Constructora Bolívar reiterates its commitment to buyers of the Buenavista Living project in Bogotá.
- The company was fined by the SIC for misleading advertising and changes in apartment delivery.
- The project is 90% complete, with 1,361 units (66%) already delivered.
- Rescheduling of delivery dates was due to technical recommendations from consultants.
- The project's advertising did not initially include its status as Vivienda de Interés Social (VIS).
- Constructora Bolívar respects the SIC's decision and will exercise its right to defense.
- The company offered full refunds to buyers, but some chose to continue.
- The SIC's resolution does not impact current project execution and delivery schedules.