Housing Development Corporation (HDC) has received a MVR 2.3 million acquisition bid for an overwater restaurant in Hulhumale’.
Housing Development Corporation (HDC) posted the bid invitation for the project to build an overwater restaurant to the east of the bridges that connect Phase I and Phase II of Hulhumale’ on June 19.
The bid that proposed the highest acquisition payment was made by Amir Mansoor Investment; a company founded by businessman Amir Mansoor. The company proposed MVR 2.3 million as acquisition cost and MVR 26 per square foot the first year, MVR 27 per square foot the second year, MVR 28 per square foot the third year, MVR 28.50 per square foot the fourth year, and MVR 29.50 per square foot the fifth year as lease payment.
HDC said the project received four bids. However, one of the bids was rejected due to failure to disclose relevant information.