‘Binveriya’ Phase II Policy Gazetted, Free Flat Conditions Listed

The Ministry of National Planning, Housing & Infrastructure gazetted the policy for Phase II of the Binveriya housing scheme. Beneficiaries who relinquish a plot exceeding 400 square feet under sole ownership in the greater Malé area will receive a flat free. Those relinquishing less than 400 square feet will have the land value deducted from the flat price at MVR 3,500 per square foot. Single applicants will have flats registered in their names alone, co-applicants jointly. Applications must be submitted via the Gedhoruverin Portal by 24 October.

The Ministry of National Planning, Housing & Infrastructure gazetted the policy for Phase II of the Binveriya housing scheme. Beneficiaries who relinquish a plot exceeding 400 square feet under sole ownership in the greater Malé area will receive a flat free. Those relinquishing less than 400 square feet will have the land value deducted from the flat price at MVR 3,500 per square foot. Single applicants will have flats registered in their names alone, co-applicants jointly. Applications must be submitted via the Gedhoruverin Portal by 24 October.

The Ministry of National Planning, Housing & Infrastructure gazetted the policy for Phase II of the Binveriya housing scheme. Beneficiaries who relinquish a plot exceeding 400 square feet under sole ownership in the greater Malé area will receive a flat free. Those relinquishing less than 400 square feet will have the land value deducted from the flat price at MVR 3,500 per square foot. Single applicants will have flats registered in their names alone, co-applicants jointly. Applications must be submitted via the Gedhoruverin Portal by 24 October.

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