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Home Purchase via Capital Market

Home Purchase via Capital Market
Home Purchase via Capital Market

Maskan Investment Group has proposed a new initiative to facilitate the purchase of homes through the capital market, says Rouzbeh Zahiri Hashemi, the group’s CEO. 
“A housing project will be offered on the capital market; each square meter of which will be one investment unit. Applicants will be able to buy bonds that have a predetermined annual purchase limit. When the sum of bonds reach the minimum required area, investors will hand over the bond and receive their homes. Investors won’t be at a loss even if their bonds do not reach the minimum required area because the bond price will rise in parallel with the housing inflation,” he was quoted as saying by Hibna.
Noting that Baran Pardis Project, located in Tehran’s eastern satellite city Pardis, will be the first housing project to be implemented under the new initiative, the official said, “Required confirmations from specialized sharia committees have been received. We are yet to receive the final permit to launch the presale of housing units through standard parallel Salaf bonds.” 

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