Navid Khasabaf, the project manager of 'Tiny House', announced that this plan allows citizens to invest in construction projects with their small capital. One of the projects under this plan is known as the 'Fajr Project', which is expected to take 18 months to complete.
Conditions for Ownership and Transfer of Residential Units
Khasabaf stated in an interview with reporters that two approaches have been considered for investing in or owning residential units. According to him, at the time of project delivery, individuals whose amount of tiny houses is equivalent to one apartment unit in the project will be prioritized for transfer. This transfer will be conducted through an auction to preserve the rights of other tiny house owners.
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He also added: "If an individual does not wish to own a residential unit, after the unit is sold through auction, they will be settled according to their amount of tiny houses and will receive their investment profit." This approach serves as a guarantee for individuals' capital return and allows them to benefit from their investment in this project.
Possibility of Buying and Selling Tiny Houses
The project manager of 'Tiny House' also mentioned the possibility of buying and selling tiny houses, stating: "Individuals can sell their investment in the exchange market whenever they wish, and if there are no buyers, the Tehran Municipality will guarantee the purchase based on the base price of that month." This point increases investors' sense of security and allows them to easily exit their investment when necessary.
Khasabaf further discussed the implementation of the project, saying: "This plan will be executed through a partnership contract between the Tehran Municipality and a reputable builder, and the Municipality's Investment Organization has received valid guarantees from the builder." This collaboration between the municipality and reputable builders can enhance the quality of projects and ensure investors' rights.
He emphasized: "The project has a timeline, and in case of the builder's negligence, a percentage of their share will be deducted for each month of delay and added to the municipality's share." This approach can serve as an incentive for builders to complete projects on time.
Khasabaf concluded by stating: "The Tehran Municipality has shared its share with the people, and any losses incurred due to the builder's negligence will belong to the municipality and those who own tiny houses." This transparency in processes can foster greater trust between the public and officials and help improve the housing situation in the capital.
Ultimately, the 'Tiny House' plan, as an innovative initiative, can help address the housing issue in Tehran and enable citizens to achieve ownership of residential units through small investments.
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