Marmaray to bring prosperity to regions
Two major transportation projects, Marmaray and Anadoluray, will be in use in three to four years time on the Anatolian side of Istanbul, affecting the regions they are passing through. They will also have a “golden touch” on the residential sites right next to and surrounding the exits of stations.
Two giant transportation projects in Istanbul, Marmaray and Anadoluray, will connect the two continents of Asia and Europe and have a major impact on the real estate market.
The Marmaray Project is an underwater railroad tunnel between Üsküdar and Sirkeci. Anadoluray is the railroad joining Kadıköy and Gebze. Two different consortiums are building the projects. In addition to those, a metro system will connect Üsküdar to Çekmeköy-Taşdelen. Also, this metro line will reach out to Sabiha Gökçen Airport on the Asian side through Sultanbeyli and Kurtköy.
Once these projects are finalized, the city’s traffic problem is likely to be substantially relieved and at the same time several districts of the city will emerge as new property hotspots. Anadoluray and the metro line connecting Üsküdar to Çekmeköy-Taşdeşen will be finished in 2012.
Several lines that are being built on the Anatolian side are as follows: Üsküdar-Söğütlüçeşme-Gebze, Kadıköy-Kartal-Tuzla,Üsküdar-Ümraniye-Sarıgazi, Bostancı-İçerenköy-Dudullu,Üsküdar-Beykoz, Çekmeköy-Sarıgazi-Kurtköy.
Regions such as Ümraniye-Tepeüstü, Çekmeköy, Taşdelen-Alemdağ, Sarıgazi-Samandıra and Kurtköy will emerge as new hotspots of property. Tuzla, Pendik and Kartal on the E-5 highway will also prosper for being in the vicinity of the modern transportation system.
The rail transportation systems will definitely impact commercial property, realtors believe. RE/MAX Yıldız’s commercial real estate expert Ulvi Kocailik says commercial properties will prosper along the E-5 highway, Ümraniye Tepeüstü, Kozyatağı and Şerifali.
Fast connections, transportation and heating
Digital infrastructure is just as important: “Fast connections are important for companies. If transportation, communication and heating are not provided, then those areas cannot develop. When mass transportation is provided, then transportation of personnel is facilitated. Otherwise the property owner or the boss has to provide transportation to at least 30-40-50 staff members.”
This is the reason companies prefer to buy property from areas as close as possible to the transportation network. “Offices are extremely affected by transportation systems,” says Kocailik.
Rails systems will help develop regions such as Kozyatağı and Tepeüstü. “Commercial property will develop in these regions. Stores will be opened in places where pedestrian circulation will increase,” says Kocailik.
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