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News about developers: events, facts and developments on tafs uz.

3 stories

Economy

'One gate': why homebuyers in Uzbekistan lose tens of millions of soums due to unbalanced contracts

Kun.uz analyzed standard shared-equity construction contracts: the buyer's penalty is calculated from the full cost of the home and can reach 10–12%, whereas the developer's penalty for delays is 0.01–0.05% per day, capped at 5–10% of the contract price. According to a report from July 2026, in 51% of the contracts studied the developer bears no liability at all for delayed completion.

Aziz Karimov
3 min read
Uzbekistan

Competition Committee finds terms infringing buyers' rights in the contracts of 132 developers

From January to September 2026, the Committee for the Development of Competition and Protection of Consumer Rights received more than 1,700 complaints about construction quality and missed housing handover deadlines. Following the proceedings, consumers were granted recalculations totaling almost 14.5 billion soums, and an analysis of the contracts of 132 developers in 12 regions revealed widespread violations: no deadlines for refunding money, no warranty period, no penalties, and other terms favoring developers.

Aziz Karimov
3 min read
Economy

In Uzbekistan, a draft law on shared construction with escrow accounts is discussed amid developer scandals

Following complaints from buyers about missed housing delivery deadlines and failure to return funds, as well as criminal cases against the management of several developers, the National Committee on Urbanization issued a statement. In the Legislative Chamber of the Oliy Majlis, a draft law on shared construction is being considered, introducing an escrow account mechanism: buyers' funds will be held in special bank accounts and transferred to developers only after conditions are met.

Otabek Yusupov
2 min read