The project is being developed by ETRA Holding on its own property. ETRA Holding is a group with Industrial, Real Estate, Tourism and Health companies that have over 500 million TL worth of turnover yearly and have had over 5 billion TL of turnover since 2004. For more detailed info www.etraholding.com
Additionally, before using the Housing Loan in a real estate project, the investor company analyzes the financial accounts, the assets and the financial capacities through the banks, and the banks establish a guarantor limit of the investor group for the project. Guarantee limits have been allocated by many banks in this project. In short, banks do not provide mortgage loans for projects they do not find reliable.
On the other hand, the contracts are signed in the presence of a Notary and it is obligatory that the contracts fulfill at least one of the guarantees and conditions for the completion of the project sought in the 12th article of the Guarantee of the REGULATION ON PREPAID HOUSING SALES prepared on the basis of the 46th and 84th articles of the Act on the Protection of the Consumer No.6502 dated 7/11/2013. The Notary cannot consent to these contracts without seeing the relevant Guarantees.