Completion Insurance
Places the completion of the project within the scope stated in the contract under insurance cover. A promise rests not on goodwill alone, but on assurance.
Falcon Assurance
The promised building is completed — under assurance.
In flat-for-land agreements the greatest concern is whether the building will be completed as promised. Falcon Assurance is designed to remove that concern at the contract stage.
Completion cover
Construction-completion cover
Written agreement
Transparent process
Construction-Completion Insurance
Adds a further layer of assurance against the risk of construction being left unfinished, so the landowner can feel secure at every stage.
What it means for you
Trust is written into the contract, not just spoken.
We place this uncommon practice at the forefront of our flat-for-land agreements. The scope and terms of cover are shared with the parties concerned at the contract stage of each project.
- 01 The worry of an unfinished project is addressed at the contract stage.
- 02 The landowner knows they are covered at every stage of the process.
- 03 It adds a layer of transparency and trust uncommon in flat-for-land agreements.
- 04 The scope and terms of cover are shared with the parties concerned at the contract stage.
Falcon Assurance
What the contract states is completed on site.
Process
Five steps from your plot to handover.
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Plot & Zoning Assessment
Your plot’s zoning status and potential are assessed together.
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Architectural Concept
Our expert architects prepare a site plan and floor layout specific to your plot.
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Contract & Insurance Cover
The flat-for-land agreement and Falcon Assurance are settled at the contract stage.
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Construction
Our technical and site team builds the project in line with the construction drawings.
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Handover & Beyond
Units are handed over; we remain at your side for any questions after handover.
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Falcon Assurance
Completion and construction-completion insurance cover
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Since 2010
16 years of experience in the sector
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Expert team
Expert architects, technical team and sales team under one roof
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Transparent process
Written agreement and step-by-step updates
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On-site assessment
Free preliminary meeting and survey for plot or building
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Quick response
Your enquiries are answered as soon as possible
FAQ
About Falcon Assurance
What is Falcon Assurance?
Falcon Assurance is the completion insurance and construction-completion insurance cover we provide in our flat-for-land agreements. Its purpose is to place the completion of the project, as stated in the contract, under insurance cover.
What is flat-for-land (kat karşılığı) construction?
In flat-for-land construction the landowner gives the plot to a contractor; the contractor builds the building and, in return, pre-agreed units go to the landowner while the remaining units belong to the contractor. The ratios and terms are set out in the contract.
Who is BŞ Falcon Group and what does it do?
BŞ Falcon Group is a construction company headquartered in Kartal that has developed residential, mixed-use and villa projects in Istanbul since 2010. Its registered name is BŞ Falcon İnşaat ve Dış Ticaret Ltd. Şti. It has delivered more than 300 apartments to date.
Get an assured preliminary assessment for your plot.
Reach out about your plot or your next home; our team will get back to you shortly.