Government revealed key information regarding its controversial housing policy.
The policy was revealed by Planning Minister, Mr. Mohamed Aslam.
Minister Aslam said that an individual’s age or his employment position will no longer be considered as part of the eligibility criteria. Moreover, the pricing of a new housing scheme will be decided after considering the average income of individuals representing said category.
He further said that the government estimates a monthly payment of less than MVR 6,400 for individuals with low income, an amount between MVR 6,400 to MVR 12,800 for low income families and MVR 13,000 to MVR 23,800 for average income families.
Government’s housing policy has received a lot of criticism lately.