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.
02 Jan 2017, 9:00 AM
Housing Minister Dr Mohamed Muiz has blamed the ousted Maldivian Democratic Party government for the high price and poor quality of flats built in Malé by a subsidiary of India’s Tata Group.
Flat winners under the MDP government’s Veshi Fahi Malé social housing programme were told earlier this month to either pay MVR2 million (US$130,000) upfront or obtain home loans with a down payment of at least MVR400,000 (US$25,940), a price out of reach for middle or low-income families.
On December 5, a group of flat winners staged a protest outside one of the newly-built condominiums as the MDP government’s housing minister insisted that the price of the flats is MVR1.1 million (US$71,300).
But Muiz told the press last Thursday that the agreement with Apex Realty entitles the company to two floors in the condominiums as well as an island to develop 50 villas.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
