Emlak Konut signs a huge contract for residential apartments project in Canal Istanbul
The tender for the residential apartments project that will be built in Dursunköy on the Canal Istanbul route, which is being implemented in cooperation between the Turkish real estate company Emlak Konut and Turkish Airlines THY, has ended. Emlak Konut has signed a contract worth 2 billion and 157 million Turkish liras between it and the contracting company executing the project.

It is planned to build social housing “residential complexes” consisting of 12,585 residential units and 450 commercial units on a total area of one million sqm of land in Arnavutköy Dursunköy, which is half owned by Emlak Konut GYO and the Airport Real Estate Investment Fund.
528 buildings, each consisting of 8 floors, will be built in the area along the route of Canal Istanbul, and 42,500 people will live in them.
A contract worth 2 billion, 157 million
The result of the new phase tender was announced after signing a contract worth 3 billion, 488 million, 800 thousand Turkish liras last May 17 with UNTD İnşaat A.Ş. Company for the first phase construction project for which the Environmental Impact Assessment (ÇED) process has begun.
Emlak Konut GYO also announced in its announcement made to the public disclosure platform KAP on May 26, that a contract worth 2 billion, 157 million Turkish Liras has been signed in partnership with Antaş Altyapı and Gökyol İnşaat for the “Phase 2, Section 1 Construction” project.
Before That?

In 2018, Turkish President Recep Tayyip Erdoğan announced the construction of a housing project, in cooperation between Emlak Konut GYO and THY Airlines, on the Canal Istanbul route in the Dursunköy district of Arnavutköy, for the employees of the third airport, and since 2018, it has been planned to build 14,000 residential units in the project gradually, and selling at least 3 thousand units of it by lot to the employees of THY Airlines.
How will this huge contract affect the land prices in Canal Istanbul?

This project is of great importance to the entire region as it contributes to meeting the growing need for housing in Istanbul, in addition to reviving the areas nearby Canal Istanbul, which will be an important vital and economic center.
In addition, starting the project on the ground in the lands surrounding Canal Istanbul will lead to great leaps in the value of real estate and land in the region, which was expected and indicated by Go Smart Real Estate Investment Company many times before.
Go Smart, a leading company specializing in buying, selling and investing lands in the vicinity of the new Canal Istanbul, offers you golden investment opportunities that bring you high profitable returns.
For more information, you can contact us directly.
News source sozcu.com
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