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Housing Development Corporation Ltd. plans to sell Row Houses in 2010


February 18, 2010 : 10:50 am

Housing Development Corporation Ltd. (HDC) plans to embark on a project of development and sale of Row Houses from Hulhumale’ during 2010.

The planned Row Houses are located within the residential neighborhood one of Hulhumale’ and is well accessible to the commercial facilities, the school, hospital and parks and recreational spaces.

The Row Houses will occupy an area of approximately 84 square meters each and will be developed up to two floors. The ground floor is designed flexibly to serve as a residential or commercial use space, whereas the second and first floors are purely for residential use.

HDC plans to sell the Row Houses through mortgage finance arrangements facilitated through Housing Development Finance Corporation. HDFC is willing to avail mortgage loans of up to 15 years at an interest rate of 11.75% to customers complying with their credit screening, for the purchase of these Row Houses.

HDC is currently in the stages of seeking a contractor for the development of the project.
Please follow the link http://www.hdc.com.mv/Downloads/downloads.php to obtain further information on this project.