Investors commissioned 270 buildings in Moscow YTD
Investors have built 270 facilities on the territory of Moscow in seven months of the year, said Marat Khusnullin, Deputy Mayor for urban policy and construction.
According to him, the total area of commissioned by investors estate property amounted to 3.3 million square meters, of which 1.8 million square meters is residential property.
“89% of real estate was commissioned by investors, only 11% of completed objects were constructed at the expense of the city budget,” said the Deputy Mayor.
Marat Khusnullin also noted that investors are actively putting money in New Moscow projects.
“Despite all the economic difficulties, Moscow is actively developing. We can see dynamics of the capital compared with other major cities of the world. Moscow hits the top among seven fastest growing cities in the world this year, overtaking the rate of Beijing. We believe that we will continue to pursue development of the city in this direction. All the basics of the policy are laid down in the state program “Urban planning policy”,” noted Marat Khusnullin.