Authorities want to cancel the shared construction

Long defrauded real estate investors complained that the state has not taken any drastic measures. And their efforts were crowned with success: the Regional Development Ministry has made its proposals. True, they provide no protection has defrauded the citizens and prevent the emergence of another "disadvantaged". As stated in the past fiscal forum "Vedomosti" Director of Housing Department Stanislav Pridvizhkin, the department plans to do to repeal the joint construction. According to him, people have to buy a ready-made housing, and not stand in the empty lot. On the results of the same construction it will not change because developers, especially, should think about how to obtain a bank loan, rather than borrow money from the population. For example, if the law is abolished, the contract on joint construction will not be possible to conclude work only will existing agreements. Come to this will be not earlier than 5-10 years, the Deputy Minister of Regional Development of Constantine Royal. However, he believes the law should not cancel, you simply upgrade. Agree with the Royal and other market participants. So, in the opinion of many, you must first offer something in return, otherwise the whole of the housing market may just stop. Finally, interest holders provide the bulk of construction costs. Recall that the law "On Participation in the shared construction of apartment buildings and other real estate ..." came into force in 2005, he established a permissible form of agreement on share participation in construction of apartment buildings, aimed at protecting the rights of individuals from unscrupulous developers. The law also would regulate the possibility of investing money by individuals in the construction and tighten oversight of the developers, increasing their responsibility. However, since its inception, most developers simply have ignored the innovation opportunity, whether by inventing schemes to circumvent and leaving the equity holders have no rights. The most widely used pre-sales contract and bill the scheme. Subsequently, the government was even created a special department that controls the timing of housing construction - Mosnadzor. In fact, he had to cope with the shared construction. However, the drastic measures they have not been made.