Unified platform in the field of management of real estate and movable property of public owners

2024: Platform Creation

In early October 2024, it became known that the Government of the Russian Federation approved the creation of a Unified Digital Platform (EDS) in the field of managing real estate and movable property of public owners. The system is expected to take three years to build.

The Kommersant newspaper reports that the EDS will become a single portal for managing public property and a marketplace for the sale of property available for involvement in economic circulation. At the same time, investors will be able to use platform services regardless of the location and type of objects.

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The new system consolidates all levels of public property (state and municipal), all types of objects (movable/immovable, including land plots), management decision services (these are transactions, including through tenders, gratuitous transfer of property, corporate governance, redistribution), as well as a system for controlling decisions, analytics and accounting. The main principle of the platform's functioning will be transparency: all stages of the asset's life cycle will be recorded - from its identification, inventory, formation to justifying the implementation and execution of the decision to sell.

The costs of creating a EDS are estimated at 5.8 billion rubles. Of these, 3.6 billion rubles will be spent directly on development and implementation, and another 2.2 billion rubles - on support and operation from 2025 to 2029. The share of objects involved in the turnover, according to the Federal Property Management Agency, will grow by 17%, which will increase budget revenues by 8.6 billion rubles a year. Within the framework of the project, the current GIS "Torgi" will become part of the platform solution of the EDS and will be associated only with transactions concluded at the auction. In general, information about all public property will be included in the EDS.^[1]

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