MoreGovernment awards 3 land plots to construct 500 flats in Male
Haveeru Daily
Sep 01, 2010 - 12:00
MALE, September 01, 2010 (HNS) – Housing Ministry has awarded three land plots from capital Male to the Indian company contracted to construct 500 flats in Male, the ministry said Wednesday.
Deputy Housing Minister Akram Kamaaluddin said the land which earlier housed Odeon Cinema, Government Employees’ Naadhee land and the vacant land west of Sinamale were awarded las month to Kargaval SG 18 Developers to complete the construction of 500 flats within two years and seven months.
Construction of the flats will commence after Ramadan.
“According to the agreement with the company, they have to start the construction work within three months. They have sent us a schedule,” Akram said.
The ministry earlier claimed that under the two-phase project, the company should complete 360 flats within one and a half years. The government signed the agreement with the company on May 26, 2010.
Housing Minister Mohamed Aslam earlier said that the company will develop three-bedroom housing units of 1000 square feet and charge a monthly rent of US$850 (Rf10,922.5) for 15 years.
“The housing units will be leased in a manner that the person will complete the payment within 15 years. Some of the flats will be awarded to those who are eligible for housing benefits,” he added.
Aslam noted that the 500 flats are for people registered in the capital and willing to give up their land.
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