The expert spoke about an alternative to the resettlement program from emergency housing

The mechanism of integrated territorial development (CDT), including redevelopment programs, will help to resettle residents of emergency homes. It can be an alternative to a relocation program, but it will only work where such an offer is beneficial to the developer, Philippe Schrage, a real estate expert and co-founder of Kronung Group, told Izvestia.

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"These are classic redevelopment schemes: a developer buys apartments from the owners, assumes relocation costs, and after that uses the site for the construction of new housing or a mixed-use project. But this is possible only in economically attractive locations — in the center of large cities, near embankments, in areas with good transport accessibility," explained Schrage.

According to him, in such territories, the difference between the cost of land and the future project justifies the cost of resettlement. In all other cases, such projects are simply not profitable without government support.

Read more about how the resettlement program from emergency homes is progressing now and whether it is possible to speed up people's relocation to other housing in the Izvestia article:

Being late for moving: is it possible to speed up the resettlement of an emergency house

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