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Iran working with China for affordable housing project

Construction Materials 13 October 2021 13:35 (UTC +04:00)
Iran working with China for affordable housing project

TEHRAN, Iran, Oct.13

Trend:

Iran is negotiating with China to proceed with a mass housing construction plan, said Member of Parliament's Civil Commission, Trend reports citing Tasnim News Agency.

The negotiation with China is based on the law to increase affordable housing units, said Eghbal Shakeri noted.

Iran Ministry of Road and Urban Development plans construction of two million housing units for low-income class in one year as part of the government landmark housing plan to build four million residential units in the next four years to maintain the surging prices in the housing market.

The Ministry is to start the project with 4 or 5 mass house builder companies and various small firms.

Mehr Housing Project and the National Housing Action Plan were two other affordable housing schemes, previously launched by formers administrations that faced a shortage of resources.

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