Iran's New Towns Company Details Progress of National Housing Projects
Sahmino Newsroom | 2 November 2026 | 9 days ago
Shahram Maleki, head of Iran's New Towns Development Company, said on Monday, November 2, 2026 (11 Aban 1405) that 141,000 national housing units are under construction in new towns, funded by bank loans and applicants' contributions. Mehr, citing the company, reported that close to 92 trillion tomans have been allocated to these projects since the programme began, including 52 trillion tomans under the current administration. Maleki put average physical construction progress at 43%.
These are homes being built in new towns, not completed homes handed over across Iran. Continued financing by banks and applicants matters for completion; the report gives no deadline for delivering all the units.
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Over the same days, US Dollar fell 4.3 percent, to 2,599,000 rial.
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