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HDC to sell 76 plots of land from Hulhumalé

According to Housing Development Corporation (HDC), the plots of land to be sold are from neighborhood 1 of the reclaimed area. The plots will be of two sizes: 1,000 square feet and 1,800 square feet. While the bidding process is set to begin on September 18, starting price has been set at MVR 3000 per square feet. HDC’s Managing Director, Mohamed Simon, told at …

Maldives seeks master plan proposal for iHaven

The Maldives government is seeking local and international firms to propose a master plan for iHaven, the integrated project to be operated in the northernmost Ihavandhippolhu atoll of the archipelago. In a notice, the economic ministry invited local and international firms to submit their proposals for the iHaven master plan, in accordance with the project’s Terms of Reference, by August 24. The shortlisted companies …

BML to provide home loans to pensioners

Bank of Maldives has signed an agreement with the Maldives Pension Administration Office (MPAO) to accept retirement savings as equity for home loans. This will pave the way to make home finance more accessible and more affordable for Maldivian individuals and families who, until now, have found it difficult to meet the initial equity down payment required. BML Home Loan applicants will now be …

First time flat buyers to be exempted from paying tax

The parliament has amended the land ownership legislation so that the first time buyers of flats are exempted from paying taxes to the state. The bill was proposed to the parliament by MP of Funadhoo constituency Ali Saleem. It was passed with the consensus of 71 members present in the parliament. According to the amendment if the buyer is an 18 year old and …

Rainbow Constructions Developing 145 Mix Housing units...

Housing Development Corporation (HDC) hands over the development of 145 Mixed use Residential units to Rainbow Construction today. HDC stated ‘Today we have signed the agreement with Director of Rainbow Construction Mazin Ibrahim Rafeeq and Managing Director of Housing Development Corporation Mohamed Simon. Also these apartments are estimated to be finished within 2 Years and 2 Months time’. Rainbow Constructions director Mazin said ‘The …

3000 Housing Unit Development work hand over to Coral ...

The development of 3000 Housing units and Office complex has been handed over to a Sri Lankan company ‘Coral Holdings’. Sealife Complex are located near Hulhumale’ Central park on lot number N355, N356 and N35. Each of these blocks has two Buildings. Coral Property Developers, is a privately-held building construction firm based in Colombo, Sri Lanka. CORAL PROPERTY DEVELOPERS manages, develops and acquires Commercial and …

Booking Opened for Luxury Apartments in Apollo Towers

Apollo holdings has opened booking for the Apollo tower’s luxury apartments which are been developing in Hulhumale’. Located in-front of Yacht marina this 200 million investment was inaugurated by Vice President Abdulla Jihad and Apollo Holdings Managing director Abdul Muhsin. According to Apollo Holdings ‘People who shows interest in purchasing has to pay a booking fee amount of 50,000 MVR. And these luxurious apartments …

Contractor Agreement Signing – Sea Life Global

Contractor agreement signing to initiate the construction of Sea Life Global Pvt Ltd’s flats in Hulhumale will be held tomorrow (31.07.2016) night  at 8:30 pm at Dharubaaruge Rannabandeyri Maalam. According to the Company’s Managing Director Mr. Ahmed Moosa Mohamed, they will be Signing the contracts to start the first phase of the Project to build the housing units in Hulhumale’ N3.     Source: …

Damas – Isles Residence 2

Building on the success garnered through the development of Isles Residence – 1 in Hulhumale’, the project brand name expanded its focus to Male’ City, in the form of Isles Residence – 2. The project is currently under construction and aims to be completed by August 2016. Apartments in Isles Residence – 2 are currently up for sale. IR2 Application Form IR2 Price List …

Housing Development Corporation – Concept of a S...

The agreement was signed by Managing Director of HDC Mohamed Saiman and Ooredoo Maldives CEO Vikram Sinha, at a ceremony held in HDC headquarters earlier today. Under this partnership, Ooredoo will be establishing an optic fiber network across Hulhumalé, which will pave way for the easy installation and use of CCTV cameras throughout, making Hulhumalé a safe and sound city for the citizens. In …

Development Jun 27, 2016 0 Continue Reading

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