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FinancialNews


  • 18-03-21

    Iran: National Housing Action aims to construct 400,000 small, medium-size apartments

    (MENAFN)The building costs for the National Housing Action Plan are based on this year1’s construction material price list, stated Iran’s Deputy Transport and Urban Development Minister for Housing and Construction Affairs Mahmoud Mahmoudzadeh.

    According to IRNA, as reaction to some rumors about the increase in the prices of such housing units as a result of the boost in construction costs, Mahmoudzadeh responded.

    The National Housing Action Plan plans to build 400,000 small and medium-size apartments across the country and mainly in Tehran, where housing prices increased sharply.

    Almost half of the total amount of the stated houses is going to be built in Tehran’s suburban “new towns” such as Parand and Pardis, situated in the west and east of the city.

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