Public attention in the analyzed sphere concentrates on the opposition to corruption and on the increasing the number of defrauded investors. An adequate response to the expectations of society hasn’t been received yet. General liberalization of the policy in the sphere of legal regulation improvement for urba n development, the abol ition of l icensi n g of con s tr uction activities, design and engineering, simplification of licensing procedures for construction and the permission for objects’ input in operation, the abolition of the municipal urban control is focused on the formation of a qualitatively new environment of urban development. However, shortcomings in the legal regulation on the background of unfavorable economic situation do not make possible to realize these plans. Institute of SRO has showed its complete failure. The liberalization of the urban sphere didn’t contribute to the solution of the problems of deceived shareholders. This article argues that the legislation should contain a provision, stating that incomplete objects cannot be recognized as property, and the right of ownership until the moment of their putting into operation should belong to the owner of the construction materials. Comprehensively, in order to exclude corruption component should be solved the question of legal regulation and transparency of integrated construction.