Real Estate Power Photography
Marketing of a new neighborhood in Lod kicks off: The government company Dira Lehashikir, the Israel Land Authority and the Ministry of Construction and Housing announced today the completion of the marketing of a project in the new “International Quarter” neighborhood in the city of Lod. The Ashtrom Group won the tender and will pay NIS 263 million for the land.
As part of the project, Ashtrom will build 300 units for long-term rent for a period of 15 years, of which 50% of the apartments will be at a reduced price for those eligible (in the lottery).
The complex is part of a new neighborhood that includes 11,500 housing units, commercial and employment areas and a significant amount of open spaces and public buildings on an area of 1,610 dunams in the west of the city. The neighborhood is accessible and includes a dedicated train station (Ganei Aviv station) 40, using Highway 200, which runs along the neighborhood.
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An apartment for rent is in a boom in marketing for long-term rental housing, in accordance with the policy of the Ministry of Construction and Housing to promote and increase the supply of housing units for long-term rent. The company concludes 2021 with the marketing of more than 6,500 units in a model of long-term lease.
During the last few months and these days, more than 1,000 housing units have actually been inhabited in a number of long-term rental housing projects, including: the “Rente Neve Sha’anan” project in Haifa (109 housing units), the GDNA project in Tel Aviv (370 housing units), the project In the Cyclamen neighborhood in Rishon LeZion (216 housing units) and the “House in the Park” project in Or Yehuda (364 housing units).
Lod Mayor Yair Revivo said: “The marketing and construction boom in the city of Lod continues even more. The latest marketing is added to more successful marketing in recent times that mark the city of Lod as the best housing, commerce and employment option in the coming years. “Spring and the center of the country easily and quickly make Lod the best destination. The center of the country and we gain the trust of the government and the various entrepreneurs who choose to invest in the city of Lod, because of education, because of the precise planning that combines public areas and parks alongside trade and employment opportunities.”
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