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Development housing project / finance Male' Impact 7.0/10 1 min read
Government plans additional affordable housing project with BML subsidiary

Government plans additional affordable housing project with BML subsidiary

State Minister Ahmed Nazim Mohamed announced preparations for an additional affordable housing project through BML Affordable Home Leasing Company, a Bank of Maldives subsidiary. Construction of 3,260 flats in Malé and Villimalé has begun, with a goal of 4,000 housing units in the capital region. The government is allocating more land for expansion after assessing BML's financial capacity.

State Minister Ahmed Nazim Mohamed announced preparations for an additional affordable housing project through BML Affordable Home Leasing Company, a Bank of Maldives subsidiary. Construction of 3,260 flats in Malé and Villimalé has begun, with a goal of 4,000 housing units in the capital region. The government is allocating more land for expansion after assessing BML's financial capacity.

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PSM News

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Jun 12, 2026

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State Minister Ahmed Nazim Mohamed announced preparations for an additional affordable housing project through BML Affordable Home Leasing Company, a Bank of Maldives subsidiary. Construction of 3,260 flats in Malé and Villimalé has begun, with a goal of 4,000 housing units in the capital region. The government is allocating more land for expansion after assessing BML's financial capacity.

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