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The plan was approved for the procedure The National Committee for the Planning and Construction of Preferred Housing Complexes (WTAM).
A complex of mixed uses, which combines housing, employment and shortages.
Residential towers – up to 49 floors.
Access to an integrated center for transportation and commerce which will include, among other things, a light rail station, an elevated train station, a subway station and a bus terminal.
Access to a central park and a lake in an area of 350 dunams, which is part of a resort strip that connects east and west to the beach. Which along it are bike paths, parks and green areas.
Advantages – Density of about 12 units per gross dunam. ILA (Israel Lands Authority( will bear the liability for land clearing. Close to access roads to intercity roads.
Disadvantages – a complex that includes employment complexes.
A complex of mixed uses, which combines housing, employment and shortages.
Residential towers - up to 49 floors.
Access to an integrated center for transportation and commerce which will include, among other things, a light rail station, an elevated train station, a subway station and a bus terminal.
Access to a central park and a lake in an area of 350 dunams, which is part of a resort strip that connects east and west to the beach. Which along it are bike paths, parks and green areas.
dvantages - Density of about 12 units per gross dunam. ILA (Israel Lands Authority( will bear the liability for land clearing. Close to access roads to intercity roads.
Disadvantages - a complex that includes employment complexes.
Investing in Glilot presents a financial opportunity. Albeit, at present, it is not possible to start to develop the area, but the forecast is that this stage is just around the corner; indeed, a detailed master plan is already under discussion in the District Planning and Building Committee.
The assessors base their estimates on two main parameters: necessity and location. In Tel Aviv the available land reserves are diminishing at a dizzying pace, while it is considered a central and very desirable location.
The new north complex of Tel Aviv, is located on the seam line between Tel Aviv, Herzliya and Ramat Hasharon, and borders Ayalon Road to the east, Namir Road to the west, Glilot Junction to the north and the Ramat Aviv Gimel neighborhood to the south.
The demand in the Tel Aviv area continues to grow and the upward trend of prices continues. The city of Tel Aviv has become extremely crowded and very little land remains for urban construction. The solution to the problem is to develop adjacent areas. In this context, it is worthwhile getting acquainted with projects earmarked for the area known as the “new north”.
Glilot as we know it today is due for change. It contains land that is the subject of numerous projects, both in the field of housing as well as of developing the green areas and building office complexes. The land has yet to be unlocked, but the process is in advanced stages. The land is located in the new north, in the Glilot neighborhood, right on the seam dividing the three main urban centers – Tel Aviv, Herzliya and Ramat HaSharon.
The Pi Glilot project extends over 2,000 decares of land. To the north is the Glilot Intersection, to the east – the Ayalon Highway, to the west – the Namir Road, and to the south – the Ramat Aviv Gimel neighborhood.
Apart from main traffic arteries, there are other elements that render investing in Glilot a promising proposition. A person examining the possibility of investing in the Pi Glilot project, will discover that that all the desirable variables are included in the formula: extensive green parks, cycle routes, culture and leisure centers, educational institutions, railway stations, about 700,000 sq. m. earmarked for employment and another 69,000 sq. m. for commerce.
APARTMENTS VALUE IN NEARBY NEIGHBORHOODS
* In accordance with what is specified in Standard 22
* There are additional expenses that will apply in the future before the permit is issued
The minute the go-ahead to start development is given, the following mix can be expected:
Land for investment in Glilot combines housing, commercial and employment areas.
2 high-rise residential buildings, containing up to approx..49 floors.
69,000 sq. m. earmarked for a modern trade center.
16,800 housing units.
Development of 1,516 decares.
Main transportation means: light rail station, subway train, a bus terminus and more.
Developing parks and a small lake, extending over 350 decares.
Links between east and west (including convenient access to the beach).
Anyone enquiring about investing in central Israel will undoubtedly find Glilot of considerable interest. According to a variety of assessments based on dependable data (data concerning forecasts of an increase in value, the current price and comparison with prices of apartments sold nearby), the Pi Glilot site should yield very high returns. Investors in Glilot, in just 10 years, can expect to enjoy returns of about 100% for land purchased, and returns of between 25% and 30% on an apartment purchased.
LAND
APARTMENT
* The aforesaid is based on expect worth in accordance with what is currently the estimate and does not foresee the future definitively
THE LANDOWNERS ARE ACCOMPANIED BY TRIGO IN MANAGING THE PROJECT:
So far, approval has been obtained for generalized master plans, while the detailed master plans have already been submitted to the District Planning and Building Committee. Currently, the project is in the objections stage; thus, one can see how the project to extend over 1516 decares of land is about to be implemented and will impact all local real estate.
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