New Towns Development Company’s Fiscal 2021-22 Budget at $167m

The government has allocated 42,700 billion rials ($167 million) to New Towns Development Company as per the budget bill for the next fiscal year (March 2021-22), a board member of the company told the website of the Ministry of Roads and Urban Development.  
Noting that the company’s budget in the current year was at 27,300 billion rials ($106 million), Yadollah Rahmani added that during the 11 months to Feb. 18, NTDC earned 35,630 billion rials ($140 million,) i.e., 30.5% more than the projected budgetary figure. 
“We’ll try to generate 40,000 billion rials [$157.79 million] by the end of the year [March 19],” he said.
Housing inflation in Iranian metropolises has spiked suburbanization over the past couple of years.