AHML want to allow auctions on complex development of territories

© RIA Novosti / Ruslan Krivobokov. Archival photoAHML want to allow auctions on complex development of territories© RIA Novosti / Ruslan Krivobok

The Agency on mortgage housing can obtain the right to conduct an auction to conclude a lease agreement for the integrated development of the territory, according to the materials in the Cabinet meeting.

In addition, the seller is requested to provide the opportunity to conduct another a new kind of auction — an auction, a condition which is the obligation of the developer to transfer part of property to the Agency.

«To increase the availability of these auctions and ensure transparency and the efficiency of its conduct is proposed to establish the procedure for conducting auctions in electronic form», — is specified in materials of the government.

It is expected that this will stimulate housing construction in Russia and increase its pace.