Ürgüp Municipality's attempt to stop the deterioration of the Kayakapı Neighbourhood and bringing up the tourism potential of the area was only possible with a private investment company that was concerned and interested of the area. In order to restore the neighbourhood appliances were needed. Firstly new and updated geologic research was carried out in Kayakapı Neighbourhood and as a result area was excluded from the scope of the "disaster area" by Ministry of Public Works and Settlement on 20.11.2000. The urban fabric part of the area was announced as 1/1.000 scale urban protected area by the decision dated 10.02.2001 of the Cultural and Natural Heritage Preservation Board of Nevşehir. By nationalizing the private properties in this part (funded by the investor) and leasing them, the model known as "restorate – operate – transfer" was decided to be implemented. Ürgüp Municipality together with the investor company Kayakapı Tourism Investment Trade Inc. (Kayakapı Premium Caves – Cappadocia) agreed to become the partners of this historical project.
The Kayakapı Project is about conserving and restoring the historical structures within Kayakapı Neighbourhood and the surrounding natural areas in harmony, in order to make it function mainly for tourism purposes. Together with this project, the visitors will experience the old cave houses and original life of Kayakapı Neighbourhood with modern touches. The target of this investment is; by conserving and restoring a cultural / natural valued historical neighbourhood, to bring up a historical establishment at the area with high international standards.
Below are some examples of "before" and "appliance" processes: