Prime Land in Hulhumale Phase II Up for Grabs
The Housing Development Corporation (HDC) has revealed the sale of land plots in Hulhumale Phase II, available for the construction of commercial buildings and mixed-use towers. The announcement, made on Wednesday, presents a lucrative opportunity for developers and investors.
Commercial Building Plots
HDC has specified that commercial buildings on these plots can be constructed up to four floors. There are four available plots of varying sizes:
- Lot 22309: 4,966.79 square feet
- Lot 22310: 10,150.79 square feet
- Lot 22311: 11,014.05 square feet
- Lot 22312: 7,073.60 square feet
These plots offer a unique opportunity for businesses to establish themselves in a growing area, contributing to the economic development of Hulhumale.
Mixed-Use Tower Plots
Additionally, HDC is offering plots for mixed-use towers, which can be built up to 14, 15, or 20 floors, depending on the plot size. The details of these plots are as follows:
- Lot 22298: 9,559.74 square feet
- Lot 22299: 10,846.46 square feet
- Lot 22300: 12,821.42 square feet
- Lot 22301: 9,622.60 square feet
- Lot 22302: 8,701.43 square feet
- Lot 22303: 8,661.60 square feet
- Lot 22305: 15,098.85 square feet
- Lot 22306: 14,525.56 square feet
- Lot 22307: 11,256.24 square feet
- Lot 22308: 11,194.24 square feet
These mixed-use plots provide a versatile development option, combining residential and commercial spaces to meet diverse needs.
Bidding Process
HDC has invited all interested parties to submit bids for these land plots. The land will be sold to the highest bidders, ensuring a competitive and transparent process. This initiative by HDC is part of its ongoing efforts to facilitate urban development and create new opportunities for growth in Hulhumale.
For developers and investors, this is an excellent chance to be part of a burgeoning urban area with significant potential. The strategic location and flexible development options make these plots a highly attractive investment.