Moscow issued construction permits for 5 mln sq m of real estate YTD
Permits for construction of 5 million square meters of different kinds of real estate were issued in the capital year to date, said Sergey Degtyarev, Deputy Head of the Moscow department of urban planning policy.
“Last year we had a record breaking commissioning rate for Moscow: more than 9 million square meters of real estate were put in commission,” said Sergey Degtyarev at the panel discussion on the International Business Forum of Property.
According to him, development of transport infrastructure helps to attract investment in construction sector.
It is to be recalled that about 8-9 million square meters of real estate are putting in commission in Moscow per annum, including more than 3 million square meters of housing.