A bill would speed up registration for developers

On 25 October 2024 a bill was introduced in the State Duma. It is aimed at simplifying the procedures by which citizens and organisations deal with public authorities, and at digitalisation and shorter times for considering applications, and it affects real estate in a substantial way.

The main changes for the real estate market

1. Electronic interaction, and extracts from the register of permits:

The bill extends the use of the Unified Portal of State and Municipal Services, so that applications can be filed, and documents signed with an electronic signature can be received, in electronic form. This will speed up the exchange of data and make dealing with public authorities more convenient. Instead of producing the original permits for construction and for putting capital-construction projects into operation, it will be possible to use extracts from the register of permits. This reduces the volume of paper and shortens the time taken to process the data.

2. Simpler cadastral registration, and simpler registration of properties:

The bill simplifies cadastral registration for projects of individual housing construction and of capital construction for which a building permit is not required. Cadastral registration will be carried out on the basis of the developer's application and the documents enclosed with it, which will significantly speed up the formalisation of the property. Developers are also given the possibility of using extracts from the register. If a developer does not provide such an extract, the registration authority will be able to obtain it through inter-agency exchange, which makes the work with the documents easier.

3. Shorter times for processing documents:

Shorter times are laid down for considering applications and taking decisions, such as registration in the register of the mass media, which is to take no more than 15 working days where the application is filed in electronic form. This reduces the time spent waiting and helps to speed up the commissioning of buildings.

These changes are aimed at streamlining the registration and the recording of real estate, which lowers administrative barriers for developers and speeds the bringing of properties to market. Simpler procedures, the possibility of filing applications in electronic form, and the automation of inter-agency exchange will create more attractive conditions for investment in real estate and will increase the speed at which construction projects are carried out. As a result the real estate market will become more dynamic, which will have a positive effect on its development.

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