Shahrak-e Ekbatan

Ekbatan
Planned town
Tehran's Ekbatan Town seen from Sarem Park.
Coordinates: 35°42′39″N 51°18′41″E / 35.7109°N 51.3114°E / 35.7109; 51.3114
City	Tehran
Province	Tehran Province
Country	Iran

Ekbatan Town (Persian: شهرک اکباتان‎‎ Šahrak e Ekbātān) is a planned town in western Tehran, Iran. It is located approximately five kilometers west of central Tehran.

The town is named after Ecbatana, the capital city of the ancient Median Empire around 700 BC. It was the first capital of ancient Iranians to be established in Western Asia, and is the ancestor of the modern city of Hamedan.

The word Ekbātān is a variant of (Greek: Εκβάτανα Ekbátana) which derives from Old Persian Haŋgmetana, meaning "place of gathering".

The construction of Ekbatan was started in 1975, for the purpose of mass housing. It was designed by Rahman Golzar and American architect Jordan Gruzen. Phase 1 of the town was then successfully built and completed by the American company Starrett, before the 1979 Revolution.

At the beginning, Ekbatan was the largest property development by a privately held company in Western Asia. The constructors also owned Ekbatan Bank, which was one of the fastest growing privately held banks in Western Asia. The constructor group was owned in majority by Rahman Golzar and his family, and in minority by Mohammad Ali Bagherzadeh. In 1977, Mohammad Ali Bagherzadeh transferred his shares in the group to his children Ali and Goli.

Following the 1979 Revolution, the new incoming government nationalized the group and all its subsidiaries and affiliates, and placed its ownership with the Ministry of Housing, where it remains today. Ekbatan Bank was nationalized at the same time, subsumed into the new state bank created to be the successor to Iran's privately held banks.