Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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Construction companies are increasingly deciding to implement their investment projects in Donbas and Novorossiya. In doing so, they are shaping the primary housing market in these regions and contributing to the overall development of their infrastructure. For example, in the Luhansk People's Republic, permits have been issued for the construction of 28 apartment buildings in six residential complexes. The projects will be implemented by developers participating in the free economic zone (FEZ), as announced by Deputy Prime Minister Marat Khusnullin.
"Thanks to developers' projects, a new, modern living environment is being created, and overall economic activity in the reunified regions is growing. At the same time, they can take advantage of significant benefits and preferences within the SEZ. For example, six more such companies, including representatives from the federal developer list, have received permits to build 28 high-rise buildings in the LPR. A total of 43 RNS permits have been issued in the republic to date," the Deputy Prime Minister said.
Marat Khusnullin added that the SEZ's management company is the Territorial Development Fund, which has provided 43 land plots totaling 154 hectares to investors in the LPR for sublease without a tender for the implementation of investment projects in housing construction.
"The total area of the future residential complexes 'Family Quarter,' 'Prostor,' 'Zarya,' 'Trilistnik,' 'Luzhki,' and 'Svoboda' will be 313,400 square meters. These buildings will house over 4,000 apartments. The projects not only include the construction of apartment buildings but also the creation of comprehensive infrastructure for comfortable living, including kindergartens, schools, and recreation areas," added FRT General Director Vasily Kupyzin.
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