The Ministry of National Planning, Housing & Infrastructure has gazetted the phase II policy of the government's 'Binveriya' housing scheme, setting conditions under which selected beneficiaries receive flats free of charge in exchange for relinquishing land in the greater Malé area. Applications for the scheme can be submitted through the Gedhoruverin Portal by 24 October.
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The ministry outlined the condition on Saturday in its gazetted policy for beneficiaries of phase II of the scheme.
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if they relinquish a plot exceeding 400 square feet under their sole ownership within the greater Malé area
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the value of the land will be deducted from the price of the flat with the value calculated at MVR 3,500 per square feet.
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