Plan to Sell Housing Units via the IME

The Renovation Organization of Tehran (ROT) is planning to launch a new housing scheme via the Iran Mercantile Exchange (IME) using salaf contracts backed by one square meter of a housing unit. 
Mehdi Hedayat, the ROT head, said the aim is to attract small investments and help the people to gradually own their homes, newswires said. 
"Housing projects of the Tehran Municipality will be offered via the IME," he said, "The projects are mostly located in low-cost areas such as districts 10, 11 and 19."