Compensation to SeaLife tenants exceeds MVR 23 million

9 months ago

Housing Development Corporation (HDC) estimates the cost of compensation to SeaLife housing complex tenants to exceed MVR 23 million. SeaLife announced its 3,000-apartment housing project, the SeaLife Complex in Hulhumale’ in 2015. 280 tenants paid booking fees of MVR 50,000 (some more than MVR 50,000). The cumulative total of the booking fees collected by SeaLife is estimated to be upwards of MVR