120 mln sq m real estate approved in Moscow in 5 years
Construction of 118 million square meters of real estate was approved by the City and Land Planning Committee (GZK) of Moscow in five years, reported the Head of Moskomstroyinvest Konstantin Timofeev.
“On the basis of these decisions there have already been issued documents for construction of 87 million square meters of real estate, of which 26 million square meters have already been put into operation,” Konstantin Timofeev told the journalists of m.24ru.
According to him, development potential of the capital now amounts to more than 60 million square meters of real estate.
Konstantin Timofeev noted that a large-scale construction is launched in Butovo district in the south-west of the capital, in Nekrasovka district in the south-east of Moscow and Salaryevo Village in New Moscow.
In addition, at the MEGA company will open open additional retail space in the village of Mosrentgen. A hotel, apartment houses and a market will be also built there.