Royal House Development has sold the first apartment in the residential complex PARK ROYAL (Bucha, Kyiv region) by means of the sale of the future real estate object (FEO) in accordance with the Law of Ukraine “On Guaranteeing Real Property Rights to Real Estate Objects to be Constructed in the Future”, which came into force on October 10, 2022.

In order to register this right, Royal House Development passed the relevant inspection by the state authorities and submitted documents to the Unified State Electronic System in the Construction Sector (USESCS). In particular, the company submitted an application for state registration of a special property right.

“Only reliable developers have been inspected by the regulator, and we are pleased that Royal House Development is among them. Now, in accordance with the Law, we can sell special property rights to real estate in the residential complex PARK ROYAL, which is located in Bucha, because according to the current legislation, we have all the necessary permits for the construction of the residential complex. In addition, the rights of our investors are also protected, as each property in the buildings of the residential complex (apartment, parking lot, commercial facility, etc.) is included in the register of property rights of the Ministry of Justice as a separate object of property rights,” the press office of Royal House Development comments.

It should be noted that, according to the current legislation, the houses in the PARK ROYAL residential complex, where the sale of apartments has already been opened, have been assigned a postal address. That is, after the commissioning of the buildings, investors can immediately receive the right of ownership of their apartment.