Russian Housing Development Foundation informs Tatarstan developers of new rules of participation in land auctions

Today the Ministry of Construction, Architecture and Housing of the Republic of Tatarstan held a round table meeting of the Russian Housing Development Foundation on “Formation of the approaches for the integrated development of land plots located in the Republic of Tatarstan for housing construction”. The meeting was held by Deputy Director General of the Foundation D.S.Filippov and Deputy Minister of Construction, Architecture and Housing of the Republic of Tatarstan A.M.Frolov. During the event the participants discussed the prospects of the new territories development as well as support measures provided by the Government of the Republic of Tatarstan and the Russian Housing Development Foundation in the integrated development of land plots involved in the turnover for housing and other construction.

In late March the Russian Housing Development Foundation will hold auctions for the right to lease two land plots located in Tatarstan. We are talking about the area located in Privolzhsky district of Kazan which will be used for the construction of apartment houses with a total area of ​​8000 square meters. The second land plot is located in village Usady in Laishevsky municipal area. Its area is ​​25 hectares. Low-rise housing with a total area of ​​at least 16 000 square meters will be constructed therein.

Land auctions of the Russian Housing Development Foundation will be held under the new rules. An “entry ticket” to the auction will be given to a participant who has worked as a developer for at least three years. And to get the right to build a house he must prove his three-year experience by implemented projects. Moreover, the information about the developers should not be contained in the register of unfair suppliers kept by the authorized body of the executive power.