Elvira Galyautdinova, #Suvarstroit: State support allows developers to maintain the economy of the project by bringing high-quality and affordable housing to the market

In Tatarstan, which is one of the five regions in terms of housing commissioning, construction projects did not stop for a single day even at the peak of the pandemic. The construction industry is the most important locomotive sector here, therefore, the authorities of the Republic have maintained and are still maintaining a constructive dialogue with developers, noted the commercial director of #Suvarstroit Elvira Galyautdinova during the conference “Outcomes of the pandemic: a course towards effective development”. “From the first days, virtual presentations were put into circulation, 90% of transactions were carried out thanks to electronic registration, our builders conducted live broadcasts for future residents from the sites of residential complexes being built, and with the help of the Care Service customer service, we delivered products to residents. Such an integrated approach helped to maintain the pace of sales, which nevertheless subsided in April-May. Due to the state support, already in June, the volumes recovered, both we and our colleagues confirm: the timely measures taken made it possible to increase the sales volume up to 30% in relation to the previous year,” - said Elvira Galyautdinova.

During the conference, Russian Deputy Prime Minister Marat Khusnullin drew attention to the significant impact of state support on the market. “One of the indicators of our work in recent months is that we are not abandoning the goal of the national housing project to commission 120 million square meters per year. The key question now is when exactly we will be able to build so much, but the program that we are discussing today includes a plan of more than 1 billion square meters of housing until 2030. An equally important point is improving living conditions for 5 million families a year. For these tasks, we build all our work, format acts, change laws. Among the key measures as a result of the pandemic, we continue to note the impact of the 6.5% mortgage rate, rural and Far Eastern mortgages, a preferential program to support citizens with two or more children, and a program to pay 450 thousand rubles to large families, where from the beginning of 2019 until the end of 2022, a third or subsequent child was born or will be born. Housing commissioning today shows minus 5%, but in previous crises, we fell to minus 30%. Now our key task is to prevent such fall,” - he said.