Urbanco, the leading corporation in urban development, has undergone a strategic rebranding, adopting the name "Housing Development Corporation" (HDC) for clearer customer communication. The decision aims to eliminate confusion among customers while aligning the corporation's identity with its mission.
Although known as Urbanco, the legal status remains under HDC for various legal functions. Established in 2001, HDC has become the most experienced entity in urban development in the Maldives, boasting successful projects like Hulhumale’, Kudagiri, and Urban Isle.
With ongoing projects in Thilafushi, Ras Male’, and Hulhumale’ Phase 3, HDC prioritizes economically viable and resident-friendly development. The corporation is dedicated to providing affordable housing, striving for socially, economically, and environmentally sustainable urban progress.