Honka, an international concern specializing in the production of wooden houses, plans to build a cottage village on the shore of the Istra Reservoir in the Moscow region, Russia, the head of the company’s Moscow office, Alexander Lvovsky, told reporters on Wednesday.
According to him, this project, which will be implemented under the name “Istronavtika”, involves the provision of land without a contract.
“At the moment, the infrastructure construction is underway there,” Mr. Lvovsky said.
He has specified that the project is planned to be implemented in two phases, with 7 hectares allocated for each of them. A total of 50 houses will be built in the village.
At the initial stage, the volume of investments will reach about 4 million euros, he added.
As a reference, Honka has its subsidiaries in more than 50 countries. In Russia, the company has built over 2,500 facilities, including projects such as the Grand Hotel Polyana in Sochi, La Datcha Tinkoff in Astrakhan, the eco-hotel Emerald Forest in the Moscow region and a number of cottage settlements in several regions.