Channel Istanbul Project Frustrated Land Prices

Channel Istanbul Project Plunges Land Prices: Channel Istanbul, announced as a i crazy project al at 2011, is again on the agenda after Minister Binali Yildirim has announced that X this year the tender is going on Kanal. Land prices in the channel route are increasing exponentially. Land prices so far rose 7-8
The Channel Istanbul project, which is referred to as the second Bosphorus, will open an artificial waterway between the Black Sea and the Sea of ​​Marmara to relieve the ship traffic in the Bosphorus. As the details of the project and the procurement process began to become clear, the land prices in the estimated crossing route have increased by 1 by 2 over the last 4. In the year of 2015, Kanal Istanbul project will be on Küçükçekmece-Başakşehir-Arnavutköy line. A map of the new residential areas 30 was published in the Official Gazette on April in Istanbul under the title of the European Side Project Area map of Istanbul. Last week, the Minister of Transport, Maritime Affairs and Communications Binali Yildirim said about the project:
30 TL to 220 TL
TSKB Real Estate Appraisal General Manager Makbule Yönel Maya stated that the price of square meters of the parcels in the area is 30-35 TL before the project is announced and the prices have increased to 200-220 TL on a square meter basis.
Maya stated that some big companies continue to buy land in the region. Maya pointed out the size of the project and said, “64. In the Government Action Plan, we saw that the legal arrangements for the Kanal Istanbul project are planned to be made by the end of June 2016. This project has a scale and identity above Mega Project for me… This project contains not only Istanbul but also very important dynamics that will affect the whole country and the whole of the country. I think that it should be considered in many ways, and that population, economic, sociological and environmental evaluations should be examined very well. ”
There's a rush
Eva Real Estate Appraisal Consultancy Inc. appraisal experts, the project began to become clear on the route of the real estate investors in the regions said.
Channel Istanbul, 6 thousand 865 hectares, ie 68 million 865 thousand square meters of space is established on.
It was also decided that Kanal Istanbul will be built on 400 meter width, 43 kilometer length and 25 meter depth. While all these features are folding the value of the project, the new airport and the Northern Marmara Motorway route pass through the canal.
Land prices are increasing day by day with this demand. Eva experts, land development and land after the conversion into the land in the 5 100 more than 1 increase in the year shows more than shows. After the announcement of the project, there is an increase in 2 with 4. Especially in the districts of Arnavutköy, Bolluca, Haraççı, Boğazköy, Boyalık, Yeniköy and Taşoluk neighborhoods, Kayabaşı, Bahçeşehir and Ziya Gökalp neighborhoods of the Başakşehir district are increasing in their demand for investors.
'Foreigners always ask the Channel'
Last year 10 giant public tenders in Istanbul, and the country's value is the driving force that indicates that the driving force Hamit Demir, Chairman of the Board of Iron, said that in the international arena also increased the brand value of Istanbul. Iron, uş Our work in this way is getting its true value. Kanal Istanbul is not only in the region; It will provide an appreciation throughout Istanbul. I met in my travels abroad, I talk to businessmen come to me, these projects are asking. They wonder how we have implemented such giant projects. Channel Istanbul's size should be considered as follows: Istanbul had a throat, now the second is being done, Kanal he said.
'We are too'
Tahir Atila, the Deputy Chairman of the Board of Directors of İttifak Holding, stated that they took part in the Kanal İstanbul region in the tender held for the land of 115 thousand square meters located in the center of Başakşehir where the joint venture, including Seha Yapı, the construction company including İttifak Holding, won the project. he said he would breathe. Atila said, ini We are aware of the necessity of Kanal Istanbul as a project that will relax the sea and land traffic in and around Istanbul and ensure the breathing of the city. With the Kanal Istanbul project, a new city with a population of 500 thousand is planned on the European side. In this direction, we have been involved in the project planning of new living areas as Seha Yapı. We plan to start construction in the first half of 2016 1500 housing and a large number of commercial space will take place in our project, X he said.
Area area in the area
A lot in common with big projects
The new airport project planned to be completed in 2018 and the Northern Marmara Motorway Project, which is under construction with the connection road of Yavuz Sultan Selim Bridge, which is the 3rd Bosphorus Bridge, are also located within this building area. Between 2014 and 2019, the metro line in the direction of E-5 Highway, TEM Highway, Arnavutköy Center and the 3rd Airport area under construction is planned to be put into service in the region.
Turkey Statistics Institute (TUIK) announced last Esenyurt According to the data, the number of homes taken in Küçükçekmece and Arnavutkoy is growing with each passing day. Although it is far from the project area, it is still receiving new housing projects both in new projects and in the second hand. Two new cities will be established on both sides of the canal. It is planned that the channel will be put into practice until the 2023 year. It was decided that the population of the new city would be planned according to 500 thousand people on the grounds that the population was not intensified. The new city canal will be built on either side of the Istanbul 250 + 250 bin or 300 + 200 bin.