TOKİ starts new projects for 22,000 houses
Posted by meb at March 26th, 2008
The Mass Housing Administration (TOKİ), which slowed down its construction projects during the winter, is now ready to implement more than 100 bids for 22,000 houses in four months. The new projects are expected to vitalize the real estate sector as well as the construction sector.
TOKİ, which is currently evaluating proposals for new projects involving more than 1,400 houses in seven cities, will sign a contract for bids for 1,300 houses. Thus, TOKİ will have concluded the projects for the construction of 25,000 houses in the first half of the year. The bids, which amount to billions of Turkish liras, will both positively affect the construction sector and contribute to the growth of the Turkish economy. Another important point is that a substantial amount of houses to be constructed will be in the form of public housing.
The cities where TOKİ plans to undertake new construction projects include Istanbul, Ankara, Sivas, Çankırı, Konya in central Anatolia, Isparta in the southwest, Sakarya, Bursa in the northwest, Eskişehir, Kütahya in the Aegean region, and Erzurum in the east. The Real Estate Investment Partnership will also participate in the bids for the project involving 500 houses in Istanbul’s Ataşehir.
Source: Turkish Daily News
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