The government estimates that the 4,000 flats being developed in Hulhumalé Phase 2 under the Gedhoruveriyaa Scheme will be complete by mid 2025.
The 4,000 flat housing project being developed by Fahi Dhiriulhun Corporation (FDC) in Phase 2 of Hulhumalé under the Gedhoruveriyaa Scheme will conclude by mid 2025, said Housing Minister Dr Ali Haidar Ahmed on Thursday.
The Minister's comments were made during a site visit to the construction area of the apartments with local journalists on Thursday evening.
He detailed that the project is going in full speed despite the multiple challenges faced by the government, and added that while majority of the work in some towers are now complete, all towers would be finished by mid 2025 if construction continues at the current rate.
Minister Haidar also highlighted that the flat committee put together to review the awarding of these flats as instructed by Anti Corruption Commission (ACC) is also underway.
"I assure those who deserve the flats that [God willing], [I] will not decide to give the flats to anyone but the rightful owners," the Minister said.
While former President Ibrahim Mohamed Solih's administration ended with a list of those who would be receiving these flats published, the current government decided to review the list, appointing an advisory committee to assist in the matter.
While additional laborers have been brought in to expedite the construction process of the flats, they will be built as 32 towers of 17-18 storeys each. Each floor of the towers will be fitted with eight apartments, totaling 1,200 two-room apartments and 2,800 three-room apartments.
The 16 flats named 'Amaan Udhares', which are financed via two loans worth USD 227 million extended by India's EXIM bank are being constructed by the country's KPIL (formerly known as JMC). The other 16 flats named "Amaan Dhoadhi' are being developed by NBCC (India) Limited.
Critical amenities such as connecting the towers to the power grid, security systems, GPON networks for internet and media connectivity, as well as waste management and landscaping systems, were not included in the initial project plans.
In light of this, FDC is now working with the government to source the additional MVR 454.5 million required for these components, said the corporation.
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