Tata housing deal renewed to avoid US$250m payout

An out-of-court settlement was reached after Tata Housing filed for arbitration.

Minister blames MDP government for housing project controversy

With a majority of flat winners struggling to raise an MVR400,000 down payment to secure a home loan, the housing ministry has threatened to take legal action against those who fail to hand over their plots of land in Malé within three months.

Government makes U-turn on affordable housing pledge

Some 300 families who were awarded flats by former President Mohamed Nasheed’s administration are being asked to pay MVR2million (US$129,701) for a flat, with the housing ministry announcing that it will prioritise families who can make the payment within five years.

Housing minister hopes to sign amended TATA contract next week

Housing Ministry to resume stalled Tata housing project

Tata Housing group agrees to revised contract, ready to resume construction

Tata reaffirms commitment to stalled Maldives housing projects