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In this paper, I discuss how the earthquake risk is exploited by 'disaster capitalism', in order to convert Istanbul to a massive construction site. The shock of the 1999 Marmara Earthquake has been effectively used by the neoliberal market and government as 'a shock therapy' to implement a construction‐led development model for Turkey and to favour the construction sector by introducing new incentives, exceptional rights and interventions, which otherwise might be challenged. The current Turkish government justify the ongoing massive urban transformation and new mass housing projects as an improvement of the housing stock to make residential buildings stronger and more resilient to earthquakes. However, areas actually under earthquake risk do not match the areas that are officially declared under disaster risk by the government. The Disaster Law #6306 that granted the government the absolute right to expropriate land based on the justification of 'protecting residents against earthquakes and other natural disasters' was applied in a selective way to seize valuable land in Istanbul. In the paper I explore how the disaster was quickly converted to an opportunity for economic growth. To do that I introduce stories of three different neighbourhoods in Istanbul, namely Moda, Tozkoparan and Fikirtepe, each of which experience the ongoing massive urban transformation differently based on the land value of the neighbourhoods, class position of the residents, and residents' capacity to organise in order to protect their rights. I describe, how disaster capitalism is lived and experienced differently in these three neighbourhoods. Although the massive construction projects are indifferent to life's sustainability, those projects are justified as interventions in terms of public health and safety through making housing resilient to earthquakes. I critically discuss how in each case biopolitics presents disaster capitalism's massive urban transformation projects as a manifestation of liveliness. [ABSTRACT FROM AUTHOR]