• Maldives Properties : Rent | Buy | Sell

  • The site is going through some updates. Some links might not work as it used to. Once the updates have been completed, you will have a better experience with the site.

Your search results

Multi-Storey buildings to be constructed in Industrial Village

Posted by Boahiyaa Management on 05/07/2016


Housing Ministry said the Ministry had no intention of allowing private developers to construct building in the Industrial Village. The Ministry said land from the Village will be leased after constructing multi-storey buildings.

Housing Minister Dr. Mohamed Muizz said multi-storey buildings will be constructed in the area. He said that priority will be given to workshops using chemical and sprays, deemed as health hazards.

The Industrial Village is one of the core projects initiate by Housing Ministry and is scheduled to be completed by the 26th of this month. The total area of the Village is 6.9 hectares and the area was reclaimed in a period of three days. Once fully completed, all workshops using chemicals, warehouses, godowns and waste management systems for Male’ city will be shifted to the Village.

The Village is a MVR 159 million project. Housing Ministry said that the Ministry will be able to recover the investment in a period of four years, by leasing the area.

No formal guidelines on leasing land had not been publicized yet.


Source: avas.mv

Leave a Reply

  • Currency

    Exchange rates are estimated and provided as a guide. It does not represent the actual international currency exchange rates.

  • Search Maldives Properties

    More Search Options
  • Measurement Unit

Compare Listings