Business And Markets

Iran Gov’t to Launch Construction of 150,000 Homes This Week

The government plans to build a total of 400,000 new homes to address a widening supply deficit in the country, which has led to inflationary recession in the housing market
Iran Gov’t to Launch Construction of 150,000 Homes This WeekIran Gov’t to Launch Construction of 150,000 Homes This Week

President Hassan Rouhani is scheduled to launch a project for the construction of 150,000 homes of the so-called “National Initiative to Build and Deliver Homes” via video conferencing this week. 
Nearly 20,000 of these residential units will be built in new satellite cities, including 7,134 in Fouladshahr in Isfahan Province, 4,448 in Parand in Tehran Province, 2,762 in Golbahar in Khorasan Razavi, 1,547 in Sahand in East Azarbaijan Province, 1,497 in Sadra in Fars Province, 800 in Amirkabir in Markazi Province, 520 in Hashtgerd in Alborz Province, and 150 in Pardis in Tehran. 
Out of a total of 400,000 houses planned as per the Roads and Urban Development Ministry’s initiative, New Towns Development Company will build 200,000, the Urban Development and Renovation Company 100,000 and the Housing Foundation of the Islamic Republic of Iran will construct the remaining 100,000 residential units over three years, Fars News Agency reported. 
With the planned construction of 13 new towns, the number of Iran's satellite towns will reach 30.


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