Experts notice reduction of administrative procedures term is almost 2 times
The number of procedures required for the start of the project, and the time it takes to complete them has been reduced by almost half in recent years, Alexander Poduskov, Director of Development Department “KR Properties” notes
“If a few years ago, administrative procedures took 1.5–2 years before construction, today, in most cases, it takes about one year. The number of procedures and, accordingly, the time that the developer spends on their passage, also decreased by more than 2 times. Moreover, if earlier administrative procedures cost the developer 4–5% of the project cost, today this figure does not exceed 2%” said the expert.