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Maldives Real Estate Invest Corporation to start development projects in Male

Nafaahath Ibrahim
29 March 2018, MVT 00:21
A building under construction in Male.
Nafaahath Ibrahim
29 March 2018, MVT 00:21

Maldives Real Estate Invest Corporation has decided to start development projects in the capital Male in accordance to the land regulations.

According to a statement by the corporation, they will help develop the houses of Male citizens, based on agreements. They requested that interested parties can clarify more information from their office in Maldives Transport and Contacting Company (MTCC) Sawmill, in Male.

An official from the company said that the final agreement would be made between the owner of the land and the company. He added that they would also accept long term leasing of some floors from buildings.

The official also said that, instead of selling, they would only lease the apartments in Male.

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