Iran to offer free land to housing constructors

Business Materials 29 December 2018 10:05 (UTC +04:00)

Tehran, Iran, Dec.29


Iran is set to build 400,000 housing units by March 20, 2021, after which, free land will be offered to housing constructors.

"Free land will be provided to housing constructors alongside construction licenses, the model has been welcomed by the construction companies, said the Deputy Minister of Roads and Urban Development Habibollah Taherkhani , Trend reports citing ISNA.

"The government has planned to build 400,000 housing units in next two years, while 200,000 of these units would include new project cities, 100,000 units would be supplied by housing foundations," he said.

"A total of 900,000 housing units should be constructed annually to help the low income citizens. The government is to have limited part in the program, while the major part of the project would be implemented by private sector and individual constructors," Taherkani added.

Taherkhani further spoke on the issue of free land allocation.

"The government will undertake the costs of issuing licenses, and constructors will receive them for free," he said. "Government would offer land and license to build and in the end of the project, it would take its share from the constructed houses in return."

Meanwhile, the Head of the National Society of Mass Building in Iran, Jamshid Barzegar said that the private sector is building 97 percent of the houses, while 97 percent of construction material is produced domestically.

Previously, the government's biggest housing plan was the Mehr Housing Project, which envisaged building 2.2 million of housing units and delivering 1.7 million houses within 10 years. The government annually built 170,000 houses.