LenSpetsSMU made a presentation of a new project in Moscow region

28.11.2008
On Thursday, November 28, LenSpetsSMU held a press-conference in information agency «Interfax», where the leaders of investment and construction Holding Company «Etalon-LenSpetsSMU» displayed their new project «Emerald Hills».

The project was launched in Krasnogorsk City (Moscow Region) in autumn this year. It is planned to construct totally more than 800 000 square meters of real estate at the land plot with the area of about 80 hectares. The land plot was obtained based on the investment contract with the government of Moscow Region. At present, the pipelines and networks are being laid and foundation work of the first stage is being executed. It is planned to complete the complex construction by 2016.

During press-conference Vyacheslav Zarenkov, the Chairman of the Board of Directors of Holding Company “Etalon-LenSpetsSMU” specified a new approach to be used for implementation of the project in Moscow Region. It is planned to organize selling of the real estate in the project as per the share sale scheme in accordance with clause 11 of RF Housing Code. Joining the Housing and Construction Cooperative will provide the real estate buyers with a number of advantages. Using the scheme with HCC fully complies with FZ-214 and besides allows for the buyers to pay by installments for a period of up to 5 years.