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An urban transformation project in Istanbul is at a standstill as the owner of a lone house refuses to give his approval for its demolition unless the company behind the project offers a clear contract.

The man, identified only as A.D. by local media, has denied reports that he is asking for more money as he continues to live in his house that now stands in a construction field with all its surroundings razed to the ground.

A lone house stands at a construction site in the Fikirtepe district of Istanbul on May 4.BULENT KILIC / AFP - Getty Images