What are the Advantages of Urban Transformation?

What are the Advantages of Urban Transformation?

Since urban transformation will take place at the request of citizens, the state has some advantages in this regard. As it is known, there are high municipal fees in new constructions. With the urban transformation, exemption from all of them is provided. Apart from this, contracts for flat and construction contracts are made by a notary public, there is an exemption from urban transformation and notary costs.

Exemption from title deed fees in sales after the building is completed is also included in the scope of urban transformation. Another advantage of urban transformation is that the VAT rate on the sale of apartments and workplaces is 1 percent. In the current VAT application, the VAT rate in sales is 8 percent or 18 percent depending on the m2 and characteristics of the flat. When an old building that has completed its economic life is included in the scope of Urban Transformation by receiving an Earthquake Risk Report, the VAT rate on the sale of new apartments is 1 percent, and a VAT advantage of 7 percent to 17 percent per flat is provided. You know that you will not suffer loss of life and property in a possible earthquake or disaster risk.

You can contact us to renew your building within the scope of Urban Transformation or for more detailed information in this context.

Address
Cumhuriyet Mah. Turgut Özal Bulvarı 107K Alkon Konakları Villa 11, Büyükçekmece / İSTANBUL
Telephone