NEWS
Economy & Housing   Housing Market  

Govt. launches project to build 110,000 affordable housing units

Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.

Speaking in the inauguration ceremony which was held in Tehran, Rouhani also issued directives for the start of construction operations in several other provinces including Khorasan Razavi, South Khorasan, Isfahan, Hormozgan and Chaharmahal-Bakhtiari.

The National Action Plan for Construction and Supply of Housing aims to construct 400,000 small and medium-size apartments (70-100 square meters in size) across the country and particularly in Tehran, where housing prices have risen most sharply. 

Of the total number of homes, about half will be constructed in Tehran’s suburban “new towns” such as Parand and Pardis, respectively located in the west and east of the city. 

According to Iran's Minister for Transport and Urban Development Mohammad Eslami, the government is hoping to complete the new units by April 2021. 

While the ministry will provide the land for the new developments, it will only supervise construction, enlisting private sector construction firms who will bid for contracts that entitle them to receive state loans and subsidized building materials.  

As reported, the government’s investment in construction will help create new jobs across the country and is expected to boost wages among laborers. 
Providing housing to low-income families could also help alleviate economic hardship, especially if government’s assistance can help inflation-hit renters become homeowners.

News No: 6247
Date: 2019/08/27 - 22:33
News Source: Tehran Times

Mohammad Eslami  Parand and Pardis  National Action Plan  Hassan Rouhani 

Comments:

Leave a Comment:

   
   
   
 

President Orders Special Support for Iranian Businesses

Iranian President Hassan Rouhani earmarked 750 trillion rials in financial aid for the businesses keeping their employees amid the outbreak of the coronavirus.
 

Rouhani inaugurates Hemmat-Karaj Freeway

Iranian President Hassan Rouhani officially inaugurated the Hemmat-Karaj Freeway on Tuesday, IRNA reported.
 

Iran-Turkmenistan Joint Chamber of Commerce to select its new board members

Iran-Turkmenistan Joint Chamber of Commerce will hold an extraordinary assembly on March 11 in order to select its new board members.
 

President Holds US Accountable for Unemployment in Iran

Iranian President Hassan Rouhani said the US government is partly accountable for unemployment and other economic woes in Iran.
 

Rouhani Inaugurates Hemmat-Karaj Freeway

Hemmat-Karaj Freeway which connects Tehran to Alborz Province was put into operation on Tuesday in the presence of Iranian President Hassan Rouhani.
 

Majlis releases draft of revised budget bill for next year

Iranian parliament’s ad hoc budget review committee has released the revised version of the administration’s budget bill for the next Iranian calendar year (starting March 20), after the Leader of Islamic Revolution Ayatollah Ali Khamenei approved the parliament’s request for taking necessary actions on the matter.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners