OREANDA-NEWS  On 27 November was announced, that the housing is being developed in the Moscow neighbourhoods Shcherbinka and Butovo according to the schedule which stipulates that 350,000 sq m have been built there during 2008.

“Today we have checked the pace of construction per week. We are completing the plan both in Shcherbinka and Butovo and we are to commission 350,000 sq m of mixed-use housing there in December 2008,” Vladimir Resin, first deputy Mayor of Moscow at City Hall, declared on November 22, during the traditional Saturday inspection of the building lots within the Russian capital.

Speaking about the global financial crisis, Mr Resin noted that it would certainly influence the housing development but the city authorities of Moscow were taking measures to reduce its influence.