The plots of land located in the Khostinsky region of Sochi and owned by AIZhK might be used for construction both of a multi-storeys residential buildings and detached houses. Initial price totals 168 400 000 rubles ($2,6 million) for the lot of 34,13 hectares and 255 500 000 ($3,9 million) for the lot of 34,54 hectares. Bidding applications can be submitted until the 19th of December.
The Khostinsky region is a part of a Big Sochi between its center and Adler. It includes villages in a coastal area, spa suburbs of Sochi, where a few of regional tourist facilities have been preserved, as well as unique natural landscapes.