Developers of apartment buildings can obtain the investment project status and substantial support from the city, if along with with the residential housing construction the investor implements projects to create production, office, retail, social facilities and other workplaces outside the Third Ring Road. As a result, the city will get new jobs and additional sources of budget revenue through property and profit taxes, and the developer - preferences and commercial spaces to generate potential revenue in future.
Creation of workplaces outside the Third Ring Road and the Moscow Ring Road will decrease commuting from suburbs to the city center, where there is a high concentration of offices and workplaces, reduce commuting times and unload the center.
When constructing residential buildings, the investor needs to re-register the land plot from one type of permitted use to another - namely, to the construction of apartment buildings. There is a substantial fee for making changes. Under the new program, a developer who builds for example an office facility or a hotel behind the Third Ring Road will be exempt from the fee for changing the land plot permitted use type.
The developer signs the agreement and undertakes to build a facility of a certain size within a set period of time, which will provide the city with new jobs. He shall also obtain a bank guarantee for the amount of the fee benefit for changing the land plot permitted use type. If the investor fails to comply with the agreement terms, he shall return the benefit and pay a penalty.
The city guarantee a deferral in fee payment for changing the land plot permitted use type until the workplace is commissioned. Once the workplace is commissioned, the developer is exempt from the fee for changing the land plot permitted use type - fully or from the rest fee.