Company
Housing Development Finance Corporation (HDFC)
In the news, last 90 days
Economy
MVR 750 million included in budget for housing equity scheme
A special MVR 750 million equity financing scheme has been included in next year's budget to help citizens build homes on private land or buy new flats, with up to MVR 200,000 per household repayable only on sale within 20 years. Finance Minister Hassan Zareer said housing is Maldivians' greatest concern, but state housing expenditure has fallen from MVR 3.26 billion in 2024 to MVR 1.6 billion in the current budget, the lowest in four years.
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