OREANDA-NEWS.  April 29, 2013. Sviaz-Bank has begun cooperating with Granelle Development, a division of Granelle Group, a major Russian diversified investment and industrial group of companies, to carry out its Novostroyka (New Home) program.

The cooperation idea originated after the Bank accredited the Alekseyevskaya Roshcha housing complex, in particular, its apartment blocks 1, 3, and 4 in Balashikha, Moscow Region.

Sviaz-Bank offers mortgages on apartments in the new housing complex at annual interest rates up from 11% in rubles, one of the best offers in the mortgage loan market.

For a mortgage to be taken out, the borrower has to make a down payment equivalent to 20% of the apartment price. The annual interest rate is calculated for loan repayment at the construction stage and at the time when the apartment comes into the borrower’s ownership. Mortgages may be issued for periods of up to 30 years, and may be repaid early without restrictions.

The Alekseyevskaya Roshcha will be a self-contained development area in Balashikha having all essential infrastructure facilities. The housing complex lies very near the Losinyi Ostrov National Park, a place to relax and take a break at any time of the year, and Alekseyevsky Pond. Life in the Alekseyevskaya Roshcha housing complex offers advantages such as modern apartment layout, low footage price, and short distance from Moscow, within five kilometers from the Moscow Ring Road considered the city’s boundary.

The Granelle Development construction and investment company designs and builds commercial and real property in Moscow’s suburbs, including construction of the Alekseyevskaya Roshcha, Valentinovka Park, Lesnoy Gorodok, Novotroitskiy, and Gagarinskiy housing complexes.