Tel Aviv Municipality: "The regulation will lead to reducing gaps and strengthening the local community, this is a revolution" • Residents are satisfied: "Good news that will improve the branding and increase the value of apartments"
The Hatikva neighborhood.
You will undergo a facelift
Photography:
Liron Almog
The Tel Aviv Municipality is expected to soon invest NIS 50 million in arranging properties in the Hatikva neighborhood.
This is after a move of several years aimed at regulating the registration, which has not been the case in the southern Tel Aviv neighborhood until now.
This coming Wednesday, three unification and division plans in the Hatikva neighborhood are expected to be approved by the local planning and construction committee of the Tel Aviv Municipality.
This is an orderly registration in the land register on an area of about 50 dunams of the neighborhood's land.
In total, the entire move, which includes 12 plans, is expected to lead to the regulation of registration over about 400 dunams of the neighborhood's land, and as stated, it is estimated at an investment of NIS 50 million.
The Hatikva neighborhood was established in the 1930s by employees of the Tel Aviv Municipality on Kfar Selma land.
From the date of its establishment, for 90 years, the plots in the neighborhood have never been divided into plots (parcels), and therefore no orderly registration of the plots has been made.
This situation creates a huge difficulty in carrying out sales and buying transactions of apartments in the neighborhood, or any other basic real estate operation such as taking out a mortgage, issuing permits for expansion and renovation of the apartments and more.
Tel Aviv-Yafo Mayor Ron Huldai told Israel Today that "The regulation of ownership constitutes a series of social justice for hundreds of families in the Hatikva neighborhood, in which the municipality invests tens of millions of shekels.
The arrangement will reduce gaps and strengthen the local community, and is part of a long-standing plan to promote the neighborhood.
"Together with the light rail that will pass through the neighborhood in a few years, hope is undergoing a real revolution."
Ayala Sinwani (64), a resident of the Hatikva neighborhood for 43 years and a member of the neighborhood committee, said: "This is good news for apartment owners in the neighborhood and the move will be very easy. There are residents in the neighborhood who do not have a taboo, and if someone outside wants to buy an apartment in the neighborhood he can not get a mortgage. "This makes it difficult for young people to buy apartments in the neighborhood and for the owners of the apartments for sale. Now the value of the apartments in the neighborhood will also increase and its branding will improve."