Compensate for land inflation with the National Housing Plan
Investment and construction in the lands of the National Housing Plan has made the construction market lively and facilitated the flow of housing, including cheap housing.
According to the International Iranian Stone Exhibition, the government has provided the necessary support to mass builders and builders to reduce the cost of housing construction by allocating 99-year-old lands to low-income support constructions for the homeless since last year.
99-year-old lands will be used for long-term lease without receiving the daily price of land from the builder, in the service of national housing projects. As land in many large and medium-sized cities accounts for at least 60 to 70 percent of the cost, the government's move is a significant and real contribution to building and providing affordable housing for the target community.
If the government did not start a national action plan to produce and supply housing with a capacity of more than one million housing units, the lack of access to affordable land for housing and building producers could lead to continued shortage of housing units in the market and consequently further price growth in the future. Be. But at the present time, the process of investment and construction in the lands assigned to the National Housing Plan has caused a commotion in the construction market and facilitated the flow of affordable housing.
The recession in housing purchase and also the recession in housing construction in some cities of the country is due to the growth of costs in these two markets. The joint cooperation of the Ministry of Roads and Urban Development, the Central Bank, the Housing Bank, as well as mass builders with the National Housing Plan for the Production and Supply of Housing creates a support path for first-time homeowners as well as homeless people to become homeowners. In the meantime, the process of registration of eligible applicants as well as the payment of cash by individuals indicates their acceptance of the national action plan.
By accepting the responsibility of paying 140,000 units of housing construction facilities in the National Housing Plan, the Housing Bank has pledged the necessary financial resources for the physical development of housing construction projects on 99-year-old lands.
* Mahmoud Shayan - Managing Director of Maskan Bank - Tasnim
