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Development of 2,500 Housing Units under Social Housin...

    REQUEST FOR EXPRESSION OF INTEREST    Development of 2,500 Housing Units under Social Housing Unit Scheme The Ministry of Finance and Treasury of the Government of Republic of Maldives, desires to develop 2,500 housing units at Hulhumale’ under Social Housing Unit Scheme through developer financing and  now invites local and foreign eligible contractors to indicate their interest in the Development of 2,500 Housing Units …

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 …

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 …

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 …

Pre Online Booking Opened – Ensis

Ensis Fisheries has opened Pre online bookings for 94 Mix use residential Apartment complex. These seaview apartments consists of 3 Room 45 apartments with maid room, 2 Room 26 Apartments with maid room, 1 Room 13 Apartments and 10 Pent houses ** For Online pre booking please visit www.nirutha.com  and fill out the form given.

Development of Apartments handed over to Ensis

Housing development corporation (HDC) has appointed the development of 94 Mix use residential Apartment complex on Hulhmale’ water front area to Ensis Fisheries. This agreement was signed by Managing director of Housing development corporation Mohamed Simon and Managing director of Ensis fisheries Mohamed Waseem. According to the company the Seaview apartments consists of 3 Room 45 apartments with maid room, 2 Room 26 Apartments …

RESIDENTIAL DEVELOPMENTS

  Residential Developments Given the huge demand for housing in the greater Male’ region and the vision to relieve the congestion at the capital Male’, the need for residential developments is one of the main focus in developing Hulhumale’. Thus, out of the 240 hectares of Phase II, 42% (approximately 781,463 sqm) is allocated for residential developments with a target population of 140,000. These …

Flat winners announcing within this year – Minis...

Last Thursday Ministry of Housing announced that they will be selecting the winners among the people who have applied for Gedhoruverikurun program on 2014. Ministry also stated that the delay of announcing these 15,000 people who matched the criteria is due to unfinished assess of living standard.     Source: mihaaru.com

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