Amendments on participatory construction can enter into force from January

Amendments on participatory construction can enter into force from January


In particular, we will toughen requirements to the information transparency of the developers, is also discussed a proposal to the authorized capital of developers and its size.

MOSCOW, 28 Oct. The amendments to 214 of the Federal law toughening the requirements to the developers of residential properties can come into force from 1 January 2016, spoke during the conference, the newspaper “Vedomosti”, the Minister of construction and housing Russian Mikhail Men.

“We would like to the amendments entered into force from January 2016,” he said. He noted that these changes are expected to be adopted in the autumn session of the state Duma.

According to Me, it is planned to toughen, including, requirements to the information transparency of developers — in particular, they have, compulsorily, must be the website. In addition, now we are discussing the proposal to the Charter capital of developers and its size.