Housing Development Corporation (HDC) is preparing to sell land plots from the second phase of satellite town Hulhumale’.
The corporation’s Managing Director Suhail Ahmed confirmed on the news to a local media, noting the announcement will be circulated soon.
“We are currently attending to all the prerequisites for the sale of land and will be announcing it soon,” Suhail commented.
It was reported, HDC’s board has given the approval nod to open up the land plots of the satellite town’s second phase for selling.
Over 240 hectares of land were reclaimed under the second phase development project in 2017, under the then President Abdulla Yameen Abdul Gayoom’s administration.