FDC Begins Housing Agreement Signings for 4,000-Flat Scheme

The Fahi Dhiriulhun Corporation (FDC) has officially begun signing agreements under the government’s 4,000-flat housing scheme. So far, 2,665 recipients have been confirmed, and the signing process is now underway.

The permanent list of beneficiaries, published during the former administration, is being honored by the current government. All eligible individuals without pending issues will receive flats as promised.
FDC began the landlord agreement signings on Monday and had completed 71 by Thursday. The process will continue after the Independence Day weekend, resuming next Tuesday.

In a public statement, FDC reminded recipients to check their documentation before arriving. Missing papers remain a major cause of delays.
Rental rates for the flats are already set. Two-bedroom apartments are available at MVR 15,000 per month, or MVR 8,000 with maintenance. Three-bedroom units cost MVR 25,000, or MVR 10,500 with maintenance included.

Tenants will receive their keys after signing the agreement and paying a security deposit. Utilities like water, electricity, gas, and cable will be arranged immediately. However, tenants can only move in after they are issued living permits by the Housing Development Corporation (HDC).

FDC expects the signing phase to be completed by September, with construction on all towers reaching the final stages. Current work is focused on installing essential services and utilities.
The housing scheme marks a major step forward in addressing demand for affordable living in the capital.