I went personally in the urbanism office in Budva to check it regarding your question, and answer is They didnt start to build yet, because they are waiting new Detailed Urbanistic Plan for that region, and it will be brought soon.
Budva is first municipality in Montenegro with allmost all regia covered with DUP so it will be more clear for investors where is what supposed to build.

However, they have cleaned all region from wood and other stuff.

When I will be able, I will post a picture of the beutifull beach and region

MLS