EghtesadOnline: Top construction companies in Iran are mostly known for building luxury apartment, villas and malls in the northern districts of Tehran, but the sluggish market for expensive residential units has forced them to reconsider their policies and move a part of their operations to more humble neighborhoods with a bigger focus on distressed areas of the city.

EghtesadOnline: The Iranian government and Tehran Municipality are assessing regulations of their joint project to build 55,000 residential units in Tehran’s distressed areas under the moniker “Pishgam Housing Plan”.