The government has pushed back the opening date for applications under the “Binveriya” special housing scheme, shifting it to early April instead of the previously scheduled date. In a recent announcement, the Ministry of Housing confirmed that s…
The government has fixed the maximum selling prices for new apartments under its Affordable Home Ownership Scheme, setting a ceiling of MVR 2.3 million for three bedroom units and MVR 1.8 million for two bedroom units. In a statement released on …
Physical work has officially started on the long-awaited bridge linking the main island of Maafushi with its reclaimed area, marking a major step in the island’s ongoing expansion and development. A ceremony was held on the island to mark the la…
Land reclamation work has officially resumed at Giraavaru Falhu, marking a renewed push to address long-standing housing shortages faced by residents of Malé. President Dr Mohamed Muizzu announced on X that reclamation activities restarted earlie…
Practical construction work has officially begun on five affordable housing projects led by the BML Affordable Home Leasing Company in Hulhumalé, marking a significant step forward in easing housing pressure across the Maldives. The projects form…
Former President Mohamed Nasheed has emphasized that Malé has never belonged to a single community, highlighting the capital city’s long-standing history as a hub for people of varied origins. In a recent social media post, Nasheed reflected on M…
The Ministry of Housing has announced that more than 2,000 land registries have been issued to recipients allocated plots from K. Gulhifalhu, marking another major step in the government’s ongoing land distribution program. Registry Distribution P…
The Maldives Monetary Authority (MMA) has unveiled a new initiative to make housing more affordable for residents in the Malé region. Through a specially designed banking scheme, individuals will now be able to secure loans to purchase new housi…
The Maldivian government reportedly owes the Housing Development Corporation (HDC) MVR 10 billion , according to a report submitted to Parliament’s Public Accounts Committee. The debt includes payments for various housing projects and land leases, …
The Housing Development Corporation (HDC) has announced it will begin inspections to determine whether flats allocated under the government’s social housing scheme are being rented out to third parties in violation of agreements. Previously, the…
The Fahi Dhiriulhun Corporation (FDC) has issued a firm warning to recipients of flats under the Gedhoruveriya social housing project : any attempt to rent out these units will result in confiscation. The directive comes amid the ongoing handover …
A senior employee at the Housing Development Corporation (HDC) has been suspended following allegations that she misused her position to influence land allocations. Sources indicate that the employee, a woman, is accused of facilitating land deals…
The Indian construction giant VCL Group has inaugurated its latest international project, the luxurious apartment residence “Blue Lagoon,” in Hulhumale’ Phase 2. The official launch event took place last night at JEN Hotel, attended by Higher Educ…
President Dr. Mohamed Muizzu has revealed that the government will launch housing projects worth MVR 1 billion next year, as part of a long-term strategy to tackle the Maldives’ housing crisis. Speaking during a visit to Manadhoo in Noonu Atoll, …
The Ministry of Housing has announced that recipients of flats under the Gedhoruveriyaa housing scheme will be contacted exclusively through the official Housing Policy Portal for signing agreements and receiving their homes. According to the mi…
The Housing Development Corporation (HDC) has started reporting rent payment information of tenants in government social housing to the Maldives Monetary Authority’s (MMA) Credit Information System. This means that residents who fall behind on ren…
The Maldives government has announced that 4,000 flats under the Gedhoruveriya housing scheme will be distributed through a 25-year Rent-to-Own arrangement. This initiative enables residents to gain full ownership of their homes after completing r…
President Dr. Mohamed Muizzu recently unveiled an ambitious new housing initiative called the 'First Home' project, designed to provide every Maldivian citizen aged 18 and over with their very first home—whether that’s a house or a flat.…
President Dr. Mohamed Muizzu has unveiled a new land exchange initiative aimed at relocating residents living in the cramped, narrow streets of Male’. This program offers an opportunity for these residents to swap their current plots for more spa…