The New Canal Istanbul project has greatly affected the real estate sector in Istanbul, specifically investment in lands, so what are the advantages of this project? Why is it so popular with investors?
Geographical location Of Canal Istanbul
The Canal Istanbul project is located in Istanbul, Turkey and specifically its European part, and It is surrounded by many important areas such as Başakşehir and Bahçeşehir. It is only 30 km away from the Bosphorus Strait in addition to its proximity to the new Istanbul airport and Kuzey Marmara highway passing through from its territory.
Major Projects
The canal is witnessing the construction of six bridges, a new earthquake-protected city on its banks, a conference hall, an exhibition center, major commercial centers, apartment complexes and three industrial islands due to the excavation of the canal.
Enhancing maritime navigation in turkey
The Canal offers a radical solution for maritime navigation problem by diverting ship traffic from the Bosphorus Strait to the new canal, because the large increase in the number of ships passing through the strait in recent years has resulted in many environmental problems and with completing the excavation of Canal Istanbul, it will become the new maritime navigation center for Turkey and the world because it is the link between the continents of Asia and Europe.
A new city on the banks of Canal Istanbul
Work is underway to build a new city called “Yenişehir” on the banks of the Canal , whose lands are known for their continually increasing investment value due to its proximity to a major and unique project such as the New Canal Istanbul project, and the regulation entry of most of its lands, located in the First, Second, and Third Etap, through changing their status from agricultural to constructable. In the beginning of 2023, the Ministry of Environment, Urbanization, and climate change issued a decision to regulate several lands in Arnavutköy located in the First, Second and Third Etap, with the aim of building 3750 housing units and 23,500 housing units under the social housing project on its lands.
Turkish President Recep Tayyip Erdoğan included the Canal project in his electoral plan and also talked about the new city (Yenişehir) by saying: Our project is buildings on both banks of istanbul canal that can accommodate a million people.
These rushed measures have led to an increase in the prices of the lands surrounding the canal, and it is only a matter of time until Canal Istanbul turns into Turkey’s new Bosphorus. Don’t let procrastinating prevent you from taking advantage of this great opportunity, because investing in the Canal Istanbul lands now might change the future for you and your family for ever.
#elhaj_group
#canal_istanbul
#lands