Transport and Urban Development Minister Rostam Qasemi said the construction of 700,000 affordable housing units has begun across the country under the framework of the new phase of the National Housing Plan Action.
Iran’s Transport and Urban Development Minister Rostam Qasemi announced that the first step for the implementation of the one-million housing project will be taken by the next two weeks.
Deputy Head of Iran’s Mass Construction Association Iraj Rahbar has said the country’s contractors are capable of constructing one million housing units a year if the necessary funding and land is provided, IRNA reported.
During an open session of the parliament on May 26, the Iranian MPs approved the general outline of capital gains tax (CGT) plan.
More than 5,000 national housing units are ready to be handed over to people in the coming weeks, said the Iranian minister.
Housing price rose 3.8 percent in Tehran City during the past Iranian calendar month of Bahman (ended on February 19), compared to its previous month, ISNA reported on Tuesday.