Bad news for national housing applicants/ construction cost has gone up

According to Tejarat News, what is the bad news for national housing applicants?

Quoted from TsinamAlireza Jafari said regarding the latest status of the National Housing Movement projects and the cost of building these units: An instruction was issued last year regarding the contracts of the National Housing Movement project.

He continued: In this instruction, the basis for calculating construction costs for each square meter is 4,500,000 Tomans with 5% plus (higher than the estimate made by the contractor) and 10% minus (lower than the contractor’s estimate).

Jafari said: On the other hand, the basis for calculating construction costs is also based on the adjustment factor of the third quarter of 1400.

The CEO of Iran’s New Cities Construction Company added: Considering that we have an index and a basis for pricing, which is the market price.

While we also have the adjustment coefficient, today our action criterion is according to the same coefficient of the adjustment index of the third quarter of 1400, approximately 6 million tomans, the construction cost of each square meter of the National Housing Movement units.