Developers profit limited to 5%

The profit of developers in the construction of housing with the involvement of citizens' funds is limited to 5%. The corresponding decree was signed by the Head of the State. The preferential right to build multi-apartment residential buildings is granted to the construction organizations that have their own technical base and specialists, as well as to the municipal unitary enterprises for capital construction. The decree provides for the developers to conduct an audit at their own expense within 3 months after the residential building is put into operation, in order to monitor compliance with the requirement to limit profits. Overpaid funds will be returned to citizens not later than 1 month after receiving the audit report.