Nedvizhimost23-12-2008 Less-contractors - less defrauded real estate investors Builders in the Moscow region forbidden to sell apartments while residential building will be built at 70%. Trying to save a suburban Moscow home buyers from fraud and unstable companies, local authorities can trigger a default of the developers. Near Moscow authorities intend to prohibit developers to sell apartments in the region at the initial stage of construction. This item contains the anti-crisis plan of the Ministry of Construction of Moscow Region. Currently being developed measures to ban developers to raise funds to citizens until a house is not constructed of 70%. According to Ministry spokesman Alexander Young, the authorities are trying to avoid the "new wave defrauded real estate investors." According to the newspaper Kommersant, to March, the Ministry shall provide the Governor Boris Gromov, the specific mechanisms that allow developers to raise funds to prohibit co-investors to "stage of excavation. Currently considered several options - from imposing a large penalty to cancel previously signed by the local authorities investkonraktov with developers. Sanctions will not affect those developers that have already attracted interest holders in 214-FZ "On shared construction", said the newspaper.
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