Nova Life

About Novalife

Novalife is a residential project carried out in Ankara. What sets the project apart is its structure: this is not a contractor sale, but a cooperative project carried out by the Novalife Limited Liability Housing Construction Cooperative.

What does the cooperative model mean?

In cooperative projects, home ownership is established through membership rather than direct purchase. According to Novalife's own statements, the process works as follows:

• Home ownership is acquired through cooperative membership.
• Valuation fees are determined by CMB-licensed independent valuation experts.
• The balancing between parties is carried out among members.
• VAT and title deed fees are collected separately at the delivery stage as required by legal regulations.
• Non-corner units are determined by lottery.

This model establishes a different legal relationship for the buyer compared to a classic home purchase: the entity one becomes a member of is not a company but a cooperative, and decision-making processes operate through the general assembly. Therefore, before membership, it is necessary to review the cooperative's articles of association and general assembly decisions.

Apartment

The promotion specifies a 2+1 layout and 80 m² gross area.

Status and delivery

Construction has started; the completion date announced by the cooperative is December 2028.

Contact address

The address provided by the cooperative on the website: 30 Ağustos Mahallesi, Ülkü Yolu Caddesi 13/A, Etimesgut / Ankara. This address is the cooperative's contact address; the location of the parcel where the construction takes place is not separately stated on the website. General assemblies are held at the address in Ulus–Altındağ.

Information has been compiled from the cooperative's official website. The number of blocks and units, number of floors, land area, and social amenities are not specified on the website; you may contact the cooperative for this information and membership conditions.