First Electronic Land Auction Took Place in Moscow

According to the results of the first land auction held in Moscow in an online format, a 0.73-hectare plot in the west of the city was leased for 5.5 million rubles a year, according to the official website of the Moscow Mayor. 

According to the Deputy Mayor of Moscow, Vladimir Efimov, auctions for the lease of urban land plots for commercial purposes were previously held only in person, and since December 30, 2020, they become available online. He claims that the transfer of this category of land tenders into the electronic format will simplify the procedure for participation for potential investors and make it more convenient and transparent for all participants in the process.

It is noted that Moscow regularly offers plots for construction in various districts of the city. People can get acquainted with the current offers on the city’s investment portal in the “Property From the City” section. According to the city authorities, the transition to the electronic format will significantly expand the geography of participants, as it will become more convenient for investors from other entities to lease land plots in the capital.

Ru-Main, 18.01.2021 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *