Murad Buildings executive signals possible changes to Tashkent’s master plan

Vyacheslav Krivosheev, operating director of Murad Buildings, said amendments to the capital’s development plan through 2045 are expected to be announced in the coming months. His comments, made during the Move Real Estate Summit held in Tashkent, were reported by Spot.

Speaking at the forum, Krivosheev noted that the procedure for acquiring land plots in Tashkent has become “more civilized” over the past year. Previously, he described the land market as “absolutely speculative” and detached from economic fundamentals.

According to him, large landowners had set prices that could not be incorporated into financial models, resulting in funding shortages and stalled development projects.

“Some investors miscalculated the economics and launched projects at their own risk, but were unable to complete them,” the Murad Buildings executive said.

Krivosheev stated that two main development tracks have emerged in the capital – renovation projects in existing urban areas, commonly referred to as brownfield development, and construction from scratch in the New Tashkent area, known as greenfield development.

Land plots are primarily acquired from the state through the New Tashkent Directorate, Tashkent Invest, and the Agency for State Assets Management.

Although private landowners remain active in the market, the approval of the Tashkent master plan significantly altered the development landscape. The document generally limits building heights to 5–8 floors, with rare exceptions allowing up to nine floors.

Krivosheev argued that, under such restrictions, projects can only be financially viable if premium-class properties are developed – a condition that is not always feasible.

He also cautioned developers against individuals who claim they can influence decisions on building height limits or introduce amendments to the master plan.

“There are certain commissions that review projects and potential changes to the master plan. Such projects are very limited. They are expected to be announced this spring – we are awaiting the decision. In the future, making changes to the master plan will be extremely difficult,” he said.

Kun.uz contacted the Ministry of Construction regarding the possible amendments. The ministry’s press service stated that it was not aware of the current processes and that further details would be disclosed later.

Tashkent’s 20-year master plan was approved in December 2024. However, within months it became known that work had begun on possible revisions.

In December 2025, Construction Minister Sherzod Khidoyatov stated that a draft resolution on amendments to the master plan was being prepared. According to the minister, the proposed changes would apply to land plots put up for auction before December 2024, prior to the approval of the master plan. Some of these plots may be removed from conservation zones, and height restrictions could be eased.

Previously, Kun.uz reported on several major construction projects that appeared to contradict the master plan. These projects, located in central areas of the city, were designed with building heights significantly exceeding those permitted under the approved document.