MaskanGostar

What MaskanGostar does

MaskanGostar (مسکن گستر) is a Tehran-based construction and real estate development company operating as a wholly-owned subsidiary of Bank Maskan Financial Group, with Bank Maskan — Iran's specialized housing bank — as the ultimate parent entity. Founded in 1968 (originally as Malard Agricultural and Livestock Company) and renamed to its current name in 2008, the company focuses on residential and commercial construction, joint development partnerships, and contractor services within Iran's institutional housing ecosystem.

The company's core product is residential and commercial building delivery, with current active projects including the 17-floor Niloo Park Residential Tower, the 10-floor Zafar Commercial-Office Building (82% complete), the 1,008-unit Negin Dolatkhah complex in District 19 of Tehran (7 blocks of 12 floors, ~72,600 sqm residential plus 3,400 sqm commercial, 50% complete), and the 10-floor Sobhan Gharchak building. Technical differentiation is built around industrial construction methods (ساخت صنعتی سازه‌ها) and earthquake-resistant building design, developed in collaboration with Shahid Beheshti University's Civil Engineering Faculty.

MaskanGostar makes money through three primary revenue streams: direct real estate development for sale, construction contracting and project management for third parties, and joint-venture development with cooperatives, government entities, and Bank Maskan subsidiaries. Pricing is project-based and not publicly disclosed, with deal flow concentrated through public tenders, direct negotiations with housing cooperatives, and allocations under the National Housing Movement (نهضت ملی مسکن). Customers are primarily institutional — Bank Maskan group entities, education-sector housing cooperatives, and government partners — making the business a relationship-driven specialty contractor rather than a volume open-market builder.

Name

MaskanGostar

Legal name

شرکت عمرانی مسکن گستر (سهامی خاص)

Website

https://maskangostar.ir

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1–10 employees

Short description

MaskanGostar is a Tehran-based construction and real estate development company, wholly owned by Bank Maskan Financial Group, that builds residential and commercial projects — including a 1,008-unit residential complex and office towers — for government housing programs, housing cooperatives, and Bank Maskan subsidiaries.

Ownership category

akta.pro rank

Product category

Real Estate Construction Services

NAICS

Commercial and Institutional Building Construction (236220), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Residential construction services
• Commercial real estate development
• Construction contracting services
• Earthquake-resistant building construction
• Real estate investment partnerships

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Real Estate Development: Direct development of residential and commercial properties for sale. The company identifies suitable locations for construction and purchases land with high-value appreciation potential.
2. Construction Contracting Services: Providing construction services to other building companies on a contractor or joint venture basis. This includes full technical and execution management of building operations.
3. Joint Development Partnerships: Investment and partnership with organizations to reduce risk, finance projects, and enable technology transfer. Revenue generated through profit sharing arrangements.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MaskanGostar Construction Company is an Iranian construction and real estate development firm that develops residential towers, commercial-office buildings, and mixed-use complexes. It identifies land with high appreciation potential, builds properties on its own and through joint ventures, and offers construction contracting, project management, and urban development services. The firm also invests alongside cooperatives, financial institutions, and government entities, with a stated emphasis on industrialized and earthquake-resistant building methods.

Product overview

MaskanGostar (مسکن گستر) is a construction and real estate development company (شرکت عمرانی مسکن گستر) operating as a wholly-owned subsidiary of Bank Maskat Financial Group and ultimately under Bank Maskat. The company offers a portfolio of integrated services including residential and commercial construction, urban development, real estate investment partnership, and general contracting services. Key projects include the Niloo Park Residential Tower (17 floors), Zafar Commercial-Office Building (10 floors at 82% completion), the Negin Dolatkhaneh 1008-Unit Project (7 blocks of 12 floors each), and the Sobhan Gharchak Building Project. The company focuses on construction investment opportunities, joint-venture partnerships with eligible organizations, and project financing to achieve a leading position in Iran's construction industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential and Commercial Construction Services Construction and development of residential towers, commercial buildings, and mixed-use complexes including project execution, contractor services, and investment partnership models for cooperatives, financial institutions, and government entities.
• Niloo Park Residential Tower (برج مسکونی نیلو پارک) 17-floor residential tower in Tehran with partner Vaspari Abaed Maskan, progressing as a residential development project for sale and occupancy.
• Zafar Commercial-Office Building (ساختمان اداری تجاری ظفر) 12-floor mixed-use building combining commercial space on the ground floor with office space on upper floors, located on Shahid Dastgardi Street in Tehran, executed in partnership with Cultural Educators Housing Cooperative Region 19.
• Negin Dolatkhaneh 1008-Unit Project (پروژه ۱۰۰۸ واحدی نگین دولتخواه) Large-scale residential-commercial complex in District 19 of Tehran comprising 7 blocks of 12 floors each, with approximately 72,000 sqm of land, 72,600 sqm of residential built area, and 3,400 sqm of commercial space; developed jointly with Cultural Educators Housing Cooperative Region 19.
• Sobhan Gharchak Building Project (پروژه ساختمانی سبحان قرچک) 10-floor commercial-office building in the Gharchak area commissioned by Bank Maskan Financial Group, with 856 sqm of ground-floor commercial space and 5,000 sqm of office space on upper floors.
• Urban Development and City Planning Services Urban development and city planning services including land development, infrastructure construction, and involvement in smart city initiatives for public-sector and institutional clients.
• Real Estate Investment and Partnership Services Investment and partnership services for construction projects, covering risk management, project financing, and technology transfer with eligible organizations and institutions.
• Construction Contractor Services General contracting and subcontracting services for building construction projects including consulting, supervision, and execution of construction works for other building companies and partner organizations.

Quantifiable outcome

• 1008 residential units under development in major Tehran project
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered strategic, minor and core.

• Ministry of Science, Research and Technology (وزارت علوم، تحقیقات و فناوری)strategicStrategic or Co-development Partner · 30 October 2025Joint meeting held to explore cooperation opportunities for designing and executing construction projects in science and technology parks across the country. The meeting discussed using MaskanGostar's construction expertise for Ministry science park development initiatives.
• Vice Presidency for Science and Technology (معاونت علمی و فناوری ریاست جمهوری)strategicStrategic or Co-development Partner · 30 October 2025Participated in joint meeting to develop technology parks and knowledge-based projects. The Vice Presidency expressed readiness to facilitate and expedite various executive and legal aspects of construction projects.
• Shahid Beheshti University - Faculty of Civil Engineering (دانشگاه شهید بهشتی - دانشکده عمران)minorStrategic or Co-development PartnerAcademic partner providing technical expertise. Dr. Hassani, Head of Civil Engineering Department, participated in joint meetings to discuss latest scientific achievements in building reinforcement against earthquakes and construction process optimization.
• Cultural Educators Housing Cooperative Region 19 (تعاونی مسکن فرهنگیان منطقه ۱۹)coreStrategic or Co-development PartnerJoint development partner for the 1008-unit Negin Dovlathvah residential-commercial project. The cooperative provides land and member housing demand while MaskanGostar handles construction and project management.
• Vaspari Abaed Maskan (شرکت واسپاری آباد مسکن)minorStrategic or Co-development PartnerProject partner for the Niloo Park residential tower development. The CEO of Vaspari Abaed Maskan participated in project site visits with MaskanGostar management.

Scale indicators3 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• VINCI Construction: Global construction and concessions group with significant building and civil engineering operations. Comparable in integrated construction services and real estate development activity, though operating across multiple geographies with much broader diversification.
• Skanska: Swedish construction and real estate development group with residential and commercial building focus. Comparable in executing building projects as both contractor and developer, though operating across multiple developed markets with strong sustainability focus.
• China State Construction Engineering Corporation (CSCEC): World's largest construction contractor by revenue, executing residential, commercial, and infrastructure projects globally. Comparable to MaskanGostar in core contracting activities and real estate development, though operating at vastly larger scale and as a state-linked enterprise.
• STRABAG: European-based construction group with building construction and real estate development operations. Comparable in integrated construction and development services, though with geographic diversification across European markets.
• Bouygues Construction: Major European construction contractor with residential, commercial, and public building divisions. Comparable in delivering complex residential and commercial building projects and integrated project management, though much larger and internationally diversified.
• Larsen & Toubro (L&T) Construction: Indian conglomerate with major construction and real estate operations executing residential, commercial, and infrastructure projects. Comparable as a diversified construction contractor with significant building construction presence, though operating across multiple sectors with public capital markets access.

Direct peers

• Khatam al-Anbiya Construction Headquarters: Major Iranian state-affiliated construction conglomerate executing large-scale residential, industrial, and infrastructure projects. Comparable to MaskanGostar in scale of Iranian construction activity, government-affiliated ownership model, and execution of national development programs.

Regional players

• Aldar Properties: UAE-based real estate developer of residential, commercial, and retail properties. Comparable in residential and commercial building development for institutional and retail clients, though operating in UAE with public capital markets access.
• Dar Al Arkan Real Estate Development: Saudi-listed real estate developer focused on residential and commercial properties. Comparable in master-planned residential community development and commercial building projects, though focused on Saudi market with public capital markets access.
• Emaar Properties: UAE-based real estate developer known for large-scale residential and mixed-use developments across the Middle East. Comparable in high-rise residential and commercial project development, though operating in different geography with international capital access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/maskangostarofficial
• LinkedInlinkedin.com/company/maskangostar

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MaskanGostar