New Real Estate Projects from TOKI

Turkey real estate market is growing in a rapid way and TOKI has a great effect on this. TOKI is trying to solve the problem of housing in Turkey for the people who have lower incomes. TOKI President has made important statements. According to these recent statements this year TOKI will build 60 thousand housing units different parts of the country but 15 percent of them will be built in Istanbul because the demand for housing in Istanbul is increasing day by day. Prime Ministry Housing Development Administration (TOKI) continues to invest on social housing in Turkey. This year the goal of the TOKI is 60 thousand houses for the homeless and investors.

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TOKI President has made important statements about the new projects in Istanbul and the other parts of the country. Ergün Turan said at the Anatolian Lions Businessmen’s Association meeting that the construction sector is continuing at full speed especially focusing on Gezi Park. Despite all the difficulties and negative developments in Turkey, any construction projects won’t be stopped. He said that they will especially focus on 7 projects this year in Esenler Kayabaşı, Eyup, Tuzla, etc.

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TOKI President has made important statements. Actually TOKI has 129 different projects in cooperation with municipalities throughout the country. The details are like that: 19 of the 129 projects are in Istanbul, 10 of them are in Adana, 13 of them are in Ankara, and 4 of them are in Izmir and so on. The construction works are carrying out cooperation with 60 provinces and 112 municipalities.  Turan talked about the urban regeneration plans and he said that they would have an active role in urban transformation in Istanbul in 2016. The aim of TOKI is not to make money. They are trying to increase the value of Istanbul.

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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