To obtain the guarantee, the Developer must:
• have at least 2 years of experience in constructing multi-apartment residential buildings, with a total area of:
from 10,000 m² — in cities of republican significance,
from 5,000 m² — in other regions;
• possess own assets of at least 10% of total assets over the last 2 years (based on audited financial statements);
• maintain a debt-to-equity ratio of no more than 7 throughout the entire construction period until the building is commissioned.
Requirements for the Authorized Company
The Authorized Company must have:
• Ownership or lease rights to a land plot provided by the state;
• Design and estimate documentation with a positive expert conclusion (starting from January 1, 2025 — including solutions for utility networks, landscaping, and greening);
• Own funds or work-in-progress construction:
o no less than 10% of the project cost — in case of land ownership;
o no less than 15% — in case of a land plot lease;
• Funds to pay the commission and the guarantee fee;
• A valid construction contract (general contractor agreement).
Expertise of construction projects for individual housing complexes is conducted to verify that the developer and the authorized company comply with legal requirements and includes financial and legal assessments.
Financial Assessment Within the financial assessment, the following are analyzed:
Legal Assessment The legal assessment includes:
• verification of title documents;
• analysis of corporate documents and authorities;
• information about participants and affiliates;
• availability of permits and licenses for the authorized company and the contractor;
• analysis of the construction contract;
• verification of pending property-related legal disputes;
• absence of debts on taxes and mandatory payments.
