PSN GROUP IS RECOGNIZED AS A RELIABLE RUSSIAN DEVELOPER08/02/2019
In 2018, the company was awarded the public control gold standard over achievements in observing the rights and interests of participants in shared construction. To determine the reliable developers of Russia, the Fund for the Development of Civil Control Mechanisms examined 15,300 residential complexes under construction, including the PSN Group’s projects. In Moscow, 20 companies met the criteria for civil and state control.
Information was collected from open sources, as well as directly from sales departments using the “secret shopper” method. In compliance with Federal Law 214, the following documents that should be presented to a buyer for review were considered: project declaration, rights to the land plot, land plot cadastral passport, building permit, and standard contract for the apartment purchase.
A company qualified for the list if all its construction projects had the maximum number of “reliability” points. Inquiries were made to the executive authorities responsible for shared construction control to ensure there were no complaints about company data from them.
Recall, PSN Group has been in the real estate market for 18 years and is one of Russia’s largest private companies. In total, the company's development portfolio covers about 2 million square meters of residential and commercial real estate, including 5 elite and comfort-class residential projects. Currently, the PSN Group manages over 447 thousand square meters of commercial space in which more than 1,000 tenants successfully carry out their activities.
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