FinanceTürkiye Official institution
Residence document of GYO in the case of iptali was confirmed
In March, the company announced that the building permit document for the 1 Etap hotel and district property project in Marmaris was approved by the Marmaris Municipality on 16/12/2024.
What does it mean?
This decision confirms the validity of the residence document valid for the project in Marmaris of the Red Bull GYO; the cancellation process of the municipality has been eliminated.
Who is affected?
Investors affected by the legal status of the project, including those who have bought or are considering acquiring an independent division of Red Bull GYO's project in Marmaris.
What changes?
At first the residence document was revoked by Marmaris Municipality; now by court decision, it was revoked and the document was accepted as valid.