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TAMA 70: A New Era for Real Estate in Israel with the Tel Aviv Metro

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TAMA 70: A New Era for Real Estate in Israel with the Tel Aviv Metro

๐Ÿ—๏ธ The Tel-Aviv metro: a driver of urban and real estate transformation

A large-scale project to improve mobility

an underground metro, a suburban train, a tram and a bus rapid transit system (BRT)

three lines

145 km

109 stations

24 municipalities

A catalyst for urban development

urban transformation catalyst

  • Optimization of urban space and strengthening accessibility to municipal services.

  • Reduction of car dependency and decreased need for road infrastructure.

  • Creation of a more pleasant and sustainable living environment through better public space planning.

A direct impact on the real estate market

A master plan for harmonious development

National Planning Council

master plan

  • Define development zones around stations.

  • Set rules for densifying constructions in connection with the metro.

  • Optimize connectivity between the metro and other means of transportation.

  • Establish standards for future urban projects.

Key stakeholders involved

  • Ministry of Transport: supervises network integration.

  • Ministry of Finance: ensures financing.

  • Planning Administration: coordinates urban development.

  • Israel Land Authority: manages land to be developed.

NTA

Prospects and opportunities

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Rรฉmy Allouche

Rรฉmy Allouche

CEO, Immobilier.co.il Immobilier.co.il

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