About 85% of real estate built in Moscow by investors
Due to the active development of transport infrastructure at the expense of the city, about 85% of all real estate under construction in the capital is erected by investors, said Deputy Mayor of Moscow for urban planning policy and construction Marat Khusnullin in an interview with the newspaper “Evening Moscow”.
“About 70% of the funds of the Address investment program are directed by the city to transport construction, which has a tremendous effect: approximately three rubles of real estate investments go to one budget ruble invested in the transport infrastructure. That is why about 85% of all real estate under construction in the capital was erected at the expense of private investors, ”said Marat Khusnullin.
The head of the Construction Complex stressed that the mayor of Moscow, Sergei Semyonovich Sobyanin, initially chose the right vector of development, when the development of transport infrastructure with the integration of all types of transport into a single city-wide network was put at the forefront.
“It is impossible to build a modern and comfortable city if there is limited transport accessibility. It is transport construction that plays the role of a starter: where the metro, high-speed railway comes, there are interchanges, convenient access roads, and investors come there, building housing, social infrastructure and, very importantly, real estate to create jobs. The attractiveness of such territories increases many times, and development projects pay for themselves quickly, ”explained Marat Khusnullin.
The deputy mayor added that all the transport projects of the capital are inextricably linked with real estate construction projects.
“The most important principle on which everything rests is the complexity of the development of the territory. That is, next to housing is built not only the social sphere and objects that create jobs, but also the real estate itself, we are as close as possible to transport hubs in order to increase the pedestrian accessibility ratio. The faster people can move around the city, the more they will have free time for self-education, cultural leisure, support for a healthy lifestyle. This is the key to the success of any metropolis, Moscow is no exception, ”said Marat Khusnullin.