Ihlas Real Estate Development

Ihlas Gayrimenkul Proje Gelistirme ve Ticaret A.S. is a real estate development company based at Ihlas Plaza in Bahcelievler, Istanbul. Shown by Ihlas Holding under its construction and real estate activities, the company trades on Borsa Istanbul under the ticker IHLGM, and the IHLGM share price often appears on the watchlists of those following Ihlas Group stocks.

The company's projects page features housing developments such as Marmara Evleri, Bizim Evler and Guzelce Kristalsehir. Beyond real estate, mining licences held by the group form a separate source of income: licences with operating permits in Yenice, Canakkale and Bayindir, Izmir were transferred to a mining company under long-term agreements that provide for a share of the ore to be extracted in return. Construction activities brought in through a merger also hold an important place in the company's history.

For housing developers, sales pace, mortgage rates, construction costs and land bank are the decisive factors. In IHLGM's case, the regularity of the payments from the mining agreements and related-party transactions with group companies also deserve a careful read; these items can be followed in the financial statements published on KAP, Turkey's Public Disclosure Platform. The return calculator on the page offers a quick way to measure IHLGM's performance from a past date to today.