Gifa Inc. Announces Progress on Karsiyaka Villa Project

San Diego, CA / ACCESSWIRE / July 23, 2024 / Gifa Inc. (OTC PINK:GIFX) has provided an update on its Karsiyaka project. The planning phase is complete, and the company is advancing to the implementation phase.

"Each villa will feature a closed area between 300 to 400 m², including swimming pools and spacious gardens," stated Mr. Kisa. "We are currently constructing 80 villas on 100 donums of the total 234 donums designated for the project. A construction permit for a closed area of 30,100 m² has been obtained, with costs estimated at $1,292 per square meter, totaling $38,889,200. The estimated total sales value of the villas is $194,476,100," he detailed.

Due to financial constraints, Gifa Inc. is seeking a partnership to avoid high-interest bank loans. The construction costs are approximate and subject to market fluctuations. Mr. Kisa assured shareholders that the project would be closely monitored and audited, expressing gratitude for their support.