New Vision Residences

Located in the rapidly expanding Aydınlar neighborhood of Çekmeköy, New Vision Residences is a mixed-use development designed to combine residential comfort with commercial utility. Developed on a land parcel governed by a 3.0 emsal zoning regulation, the project covers a total construction area of 177,919 m², divided into:

• 145,000 m² of residential space for 1,500 well-planned apartments

• 32,919 m² of two-story commercial space, ideal for retail and service businesses

The residential buildings will feature modern architecture, landscaped green areas, underground parking, social spaces, and security infrastructure — all targeting middle- to upper-income families. The commercial zones will be positioned along street-facing perimeters with high visibility and accessibility, suitable for cafes, pharmacies, banks, boutiques, or clinics.

The project’s dual-revenue structure gives it a strong financial edge:

• Residential units, sold at an average price of 6.5M–7M TL, appeal to Istanbul’s expanding suburban middle class

• Commercial units, sold at 50,000 TL/m², provide a premium return on space built at a lower construction cost

Thanks to this hybrid structure, New Vision Residences can generate over 7.65 billion TL in gross profit, with a return on investment expected within 3 to 4 years.

This makes it not only a robust construction project but a long-term value proposition — highly suited for investors, developers, or real estate funds looking to capitalize on Turkey’s urban expansion trend.

🧱 Project Composition:

• Total Construction Area (zoning allowance): 177,919 m²

• Residential Area (~82%): 145,000 m² – 1,500 residential units

• Commercial Area (~18%): 32,919 m² – 2-story commercial units

💸 Cost:

• Residential Construction Cost:▸ 145,000 m² × 25,000 TL = 3,625,000,000 TL

• Commercial Construction Cost (lower):▸ 32,919 m² × 15,000 TL = 493,785,000 TL

• Total Estimated Project Cost:≈ 4,118,785,000 TL (approx. $135 million USD)

💰 Revenue Estimate:

• Average Residential Unit Sale Price:▸ Between 6,500,000 TL and 7,000,000 TL▸ 1,500 units × avg. price (6.75M TL) = 10,125,000,000 TL

• Commercial Unit Sale Price (per m²): 50,000 TL▸ 32,919 m² × 50,000 TL = 1,645,950,000 TL

• Total Projected Revenue:≈ 11,770,950,000 TL (approx. $375 million USD)

⏳ Return Period:

• Total Project Cost: ≈ 4.12 billion TL

• Estimated Total Revenue: ≈ 11.77 billion TL

• Estimated Gross Profit: ≈ 7.65 billion TL

• Payback Period: Approximately 3 to 4 years