The Approval of Zoning and Development Rules in Moscow: Analyzing the Economic Impact

Abstract:

In spring 2017 the Zoning Rules (ZR) have come into force in Moscow – in fact, this is the main document enabling real estate development in any particular urban land plot. After the first year of the new order enactment, the author analyzes both relevant and probable economic repercussions from the ZR adoption and concludes that no positive effect anticipated by the city administration can be discerned; after the urban land development plans (ULDP) earlier issued for Moscow developers expire, the duration and cost of the preinvestment construction stage will notably rise, which, in turn, will result in the investment cost growth for all immovable property types in Moscow.

• Periodical: Materials Science Forum (Volume 931)
• Pages: 862-869
• DOI: https://doi.org/10.4028/www.scientific.net/MSF.931.862
• Online since: September 2018
• Authors: Pavel N. Kostrikin*
• Keywords: List of Administrative Procedures, Pre-Investment Construction Phase, Real Estate Development in Moscow, Type of Permitted Use, Urban Land Development Plan, Zoning Rules

References

[1] Town Planning Code of the Russian Federation N 190-FZ, dated 29.12.2004 (in Russian).

[2] Moscow Government Resolution #120-PP, dated 28.03.2017 On the Approval of Zoning Rules in Moscow, (in Russian).

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