The TOKİ Istanbul Başakşehir lottery draws have begun. For Istanbul, the TOKİ lottery draws that started on Monday continue, and the final day is today, Friday, March 20, 2020, when the Başakşehir draws are taking place. Today, the draws for 2+1 and 3+1 apartments in TOKİ Istanbul Başakşehir are ongoing. Once all draws for TOKİ Istanbul Başakşehir housing are completed, the lottery results will be made accessible through the e-Government (e-Devlet) system.
The TOKİ Istanbul Başakşehir draws will commence today, Friday, March 20, 2020, at 10:00 AM. The lottery process will be held inside the Istanbul Bağcılar Olympic Sports Complex.
As part of TOKİ’s 100,000 housing project, the draws continue. This year, due to the coronavirus outbreak, award ceremonies cannot be held. Citizens are wondering where they can watch the draws. TOKİ has announced that the draws will be held before a notary on the specified dates and can be watched live on the Housing Development Administration’s social media accounts on Twitter, YouTube and Facebook. After the completion of the lottery draws, TOKİ lottery results will also be accessible via the e-Government (e-Devlet) system.
How Will Housing Payments Be Made for TOKİ Istanbul Beneficiaries?
How will housing payments be made for TOKİ Istanbul beneficiaries? After the lottery draws conducted by TOKİ, low-income citizens determined as beneficiaries in the draw will begin housing payments in the form of loan usage and down payment.
Citizens designated as beneficiaries in the TOKİ lottery must pay 10% of the property’s sale price as a down payment. The remaining amount will be repaid over 240 months with a monthly interest rate of 0.49%. Loan arrangements for beneficiaries will be provided to homebuyers by T.C. Ziraat Bankası A.Ş. Installment payments for beneficiaries determined by the TOKİ draw will begin starting the month following the contract date.
For applicants who did not become primary or reserve beneficiaries in the TOKİ draws, application fees will be refunded within 5 business days after the draws. Refund transactions for application fees will be carried out at branches designated by T.C. Ziraat Bankası A.Ş.