Kayabaşı Plot – İstanbul
Project Details

Kayabaşı region comes first among the regions to be developed as new residential areas across İstanbul. It is expected that the Ministry of Environment and Urbanization will implement "New City Project" in the area, where construction investments and residential development have already started to take place. Circa 1 million 500 thousand people are targeted to reside in the region which will consist of Kemerburgaz, Kayabaşı and Başakşehir districts and "Kayabaşı" is expected to be the core of the New City Project. Functional areas such as prestigious residential areas and commercial axes in Kayabaşı are designed to take place within the scope of the project.

The third airport and new urban centers with different qualities are scheduled to take place on the land with a total size of 42 thousand hectars. Within the new city concept, new urban centers which will consist of centers like education, health, commerce, labour and residences are planned to be connected to each other by underground and above the ground railway systems.

The land of Torunlar REIC is located in Güvercintepe area, Başakşehir district, İstanbul. TOKİ Kayabaşı 1. Phase Residences, Rumeliler Complex, Textile Workers' Cooperative, Kiptaş Kayabaşı Residences, İSKİ (İstanbul Water and Sewerage Administration) Fatih Sultan Mehmet Drinking Water Liquidation Center and several residences are nearby.

The 60,835.20 m² plot has an appraisal value of 25.2 million TL.
Torunlar REIC is planning to realize a mixed-use project on the land where the new city of İstanbul will be established.
The estimated start of the construction is 2018.

Ownership : Torunlar REIC (100%)
 
Start of Construction : 2018 beyond
 
Land Area : 60,833.20 m²
 
Appraisal Value (December 2016) : TRY 49.2 million
 
Leasehold/Freehold Status : Freehold
 
Current Status : At the stage of Construction Permit
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