During his address to Parliament last year, President Solih had announced the development of 5,000 housing units in Hulhumalé. Today, the President told Parliament that those projects are currently ongoing and he revealed plans to develop an additional 2,000 housing units in Hulhumalé.
In his annual address to Parliament, describing housing as the most prominent issue for the residents of Malé City, President Solih revealed his decision to provide over 5,000 land plots in the Greater Malé area to the residents of the city.
The administration’s plan includes the provision of at least 1,000 land plots from Hulhumalé and 2,000 plots from Gulhifalhu, which would commence in June. Another 2,000 land plots would be made available from Giraavaru Falhu, said the President.
As part of the administration’s housing pledge, it announced in June 2021 the “Gedhoruveriya” national housing loan scheme. It is part of the administration’s pledge to introduce nationwide affordable housing options to ensure dignified lives for all.
President Solih today revealed that development is currently progressing in different stages of 2,180 homes outside of the Greater Malé area. The process of granting over MVR 42 million to 82 individuals for housing development under the “Gedhoruveriya” loan scheme is in progress, he added.