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Number of deceived real estate shareholders doubles in Moscow after city enlargement

September 16, 2012, 21:16 UTC+3
There are seven problem spots in the new territories, including six homes in Shcherbinka, three in Troitsk and five in Narofominsk
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MOSCOW, September 16 (Itar-Tass) —— The number of deceived real estate shareholders in Moscow grew by nearly 3,000 with the city enlargement, head of the city committee on construction investments and control of real estate shareholder projects Konstantin Timofeyev said.

The official number of deceived real estate shareholders in old Moscow is 2,571, he said. “The number exceeded 3,000 at the beginning of the year. New Moscow also has a large number of deceived real estate shareholders, 2,798. We think their number may grow to 3,100,” he said.

“A total of 144 real estate projects are being implemented in the newly attached lands. One hundred and nineteen of them are large, and the rest are townhouses erected on the territories of former gardening cooperative societies or lands, which are not eligible for housing construction. Such projects have no permits. Forty-two out of 119 projects have shareholders,” he said.

There are seven problem spots in the new territories, including six homes in Shcherbinka, three in Troitsk and five in Narofominsk.

Timofeyev said that information about unscrupulous real estate developers was published on the committee website. The website also gave recommendations to people thinking about the acquisition of a new home.

The Moscow city limits grew by 148,864 hectares on July 1, 2012. The city stretched out to the west, the southwest and the south, mostly with territories located between Kiyevskoye and Varshavskoye highways and the big circle of the Moscow railroad. The new territory reaches as far as the Kaluga region with a land near Zvenigorod, Rublyovo-Arkhangelskoye and the Skolkovo innovations center. In turn, the Moscow region received 1,357 hectares in the Kurkino neighborhood.

Starting from July 1, Moscow includes 21 municipalities: two city districts, Troitsk and Shcherbinka, and 19 towns and villages in the southwest, which have been a part of the Podolsk, Leninsky and Narofominsk districts of the Moscow region. Also Moscow blends some lands in the Odintsovo and Krasnogorsk districts of the Moscow region (Konezavod VTB, Rublyovo-Arkhangelskoye and Skolkovo). The attached territories have about 232,000 residents.

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