Expo Real 2012: Russian developer PIK Group has unveiled a $340m residential scheme in south Moscow.
Work onsite has started on a 9 ha plot of former industrial land now zoned for new housing to help meet soaring demand for new homes in the Russian capital.
The district, served by metro stations Annino and Akademika Yangelya street, already has a well-developed commercial and social infrastructure.
PIK said it is to sell the apartments, totalling 130,000 m2, for around $4,000 per m2, and has called the project Varshavsky Hills.
The group has completed over 195,000 homes since its foundation in 1994. It has a diversified land bank of net selling area of almost 7m m2.
Expo Real 2012: Russian developer PIK Group has unveiled a $340m residential scheme in south Moscow. Work onsite has started on a 9 ha plot of former industrial land now zoned for new housing to help meet soaring demand for new homes in the Russian capital. The district, served by metro stations Annino and Akademika Yangelya street, already has a well-developed commercial and social infrastructure. PIK said it is to sell the apartments, totalling 130,000 m2, for around $4,000 per m2, and has called the project Varshavsky Hills. The group has completed over 195,000 homes since its foundation in 1994. It has a diversified land bank of net selling area of almost 7m m2.
