Seven households in Tel Aviv's Givat Amal Bet neighborhood south of Bavli will be paid NIS 75 million to leave their homes in order to make way for a new project by Inbal Or. The landowners will are due to receive another NIS 210 million for the plot. Or is organizing a purchasing group to build two towers housing 147 apartments at the site, one of Tel Aviv's most neglected neighborhoods. The group intends to build an 18-story tower and a 22-story tower with a total of 147 apartments. The land will cost a total NIS 285 million, which works out to a land cost of slightly under NIS 2 million per home. This means that...
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