Business And Markets
0

Gov’t Tasked With Building One Million Homes Annually

The new law of “Surge in Housing Production”, approved by the Guardians Council – an oversight body that ensures laws are in line with the Iranian Constitution and Sharia, requires the government to engage in the construction of one million housing units
Gov’t Tasked With Building One Million Homes Annually
Gov’t Tasked With Building One Million Homes Annually

The Iranian Parliament’s double-urgency motion called “Surge in Housing Production” has been approved by the Guardians Council – an oversight body that ensures laws are in line with the Iranian Constitution and Sharia.
The proposal was first approved by the parliament in April and sent to the council, but was returned for amendments. Now the Guardians Council has given its blessing to the ambitious plan that also happens to be one of the key campaign promises of the new president, Ebrahim Raeisi. 
The new law of “Surge in Housing Production” requires the government to engage in the construction of one million housing units annually. It has envisioned the formation of a so-called “Supreme Housing Council” at the highest tier of the government led by the president with the minister of roads and urban development as its secretary, along with 11 members of the Cabinet and the head of the Islamic Revolution Housing Foundation as its active members, and one parliamentarian as the observer member. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com