*The auction held by the Presidential Property Management Department to purchase 85 apartments for Moscow officials ended with a victory for the little-known Intermax LLC, whose charter capital is 10,000 rubles. It is this company—at whose phone number another 192 firms are also registered (according to SPARK data, a Russian corporate database)—that will sell the state about 7,500 square meters of housing for 1,127,368,800 rubles. ... Housing in the Khovrino district cost the Russian Federation about $5,000 per square meter. ... Apartments in the very same building on Petrozavodskaya Street are being offered at prices ranging from $3,700 to $4,600 per square meter, meaning that a direct purchase of the housing could have saved about $3 million in budget funds. *source