Federal Registration Service reminds of changes in share construction

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Federal Registration Service (Federal Registration Service) reminds that since July 1, 2019 the order of providing obligations of the builder changed at attraction of financial resources for share constructions. All Russian developers are obliged to pass to the scheme of share constructions housing with application of escrow accounts. Means of clients are enlisted on the special bank account, and builders will not be able to receive these money before transfer of apartments to buyers...

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