Real Estate

The first step was taken for the giant housing project with a view of Kanal Istanbul from Emlak Konut GYO

The first step was taken for the housing project consisting of 5,785 residences and 437 commercial units, developed by Emlak Konut GYO, at the entrance point of the controversial project Kanal Istanbul from the Marmara Sea. The cost of the housing project with a view of Kanal Istanbul was announced as ₺3 billion 645 million 775 thousand 648. The project has a total closed construction area of 1 million 68 thousand square meters.

An Environmental Impact Assessment (EIA) application has been made for the Avcilar Firuzkoy Project to be built by Emlak Konut Real Estate Investment Trust (REIT) on the shores of Kucukcekmece Lake.

Details of the huge mass housing project with a view of Kanal Istanbul were revealed in the project introduction file, which was suspended by the Ministry of Environment, Urbanization and Climate Change.

Consisting of 5,785 residences and 437 commercial units, the housing project was designed as 6 neighborhoods. 304 blocks will rise in 6 neighborhoods on the lakeshore. The land of 689 thousand 326 square meters, which is owned by TOKI, has private health, special education, housing and trade functions in its zoning plan.


The total seating area of the blocks in the project was determined as 167 thousand 527 square meters. The highest floor height is 8 floors, ie 32 meters. 341 thousand 799 square meters were allocated for structural landscape areas such as pedestrian paths and children’s playgrounds, and 180 thousand square meters for green areas.

A parking lot with a total capacity of 5,600 vehicles is planned in the project. The total closed construction area in the project will be 1 million 68 thousand square meters. For the construction, the land will be divided into stages by Emlak Konut GYO and put out to tender separately.


The completion period of the project was determined as 5 years. The excavation phase, on the other hand, is expected to last for 3 years, as the construction will be done by different companies with the tender procedure. The project is expected to reach the resettlement stage in mid-2027.

The project site is located within the boundaries of “2nd-degree earthquake zones” on the Turkey Earthquake Zones Map.


There is a first-degree archaeological site in the east and south of the project area, and a third-degree archaeological site in the west.

The huge land located next to the Bathonea Archaeological Excavation Site was excluded from the scope of the archaeological site in 2010, and the conservation committee decided that there was no objection to the construction.

Source: Sozcu / Translated by Irem Yildiz

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