HDC announces sale of additional 74 land plots in Hulhumale’

Housing Development Corporation (HDC), on Thursday, has announced the sale of additional 74 land plots from Hulhumale’ for residency in the suburb, which will be sold by tender.

Bid applications, in this regard, have been opened for land plots ranging from 1,095.05 square feet to 2,588.14 square feet. This includes 22 land plots from beachfront and 52 land plots from beachside.

The starting price of bidding for beachfront land plots is set at MVR 6,500 per square foot. Meanwhile, the starting price for bidding for beachside land plots is set at MVR 5,500 per square foot.

Submission of bid forms for beachfront land plots is scheduled for Sunday, September 11 – whereas submission of bid forms for beachside land plots is scheduled for Monday, September 12. A bid security of MVR 1,00,000 will be collected for from prospective buyers submitting bids for both types of land.

HDC stressed that six percent to the price proposed by prospective buyers for the land plots will be added as Goods and Service Tax (GST).

The corporation detailed that the bid application form can be requested via email, to [email protected]. Each bid application form will be sold for MVR 1,000 – starting from next Sunday until September 1.

There will be two different forms for beachfront land plots and beachside land plots.

More information the sale of the land can be accessed at HDC’s website.