Fahi Dhirirulhun Corporation (FDC), on Thursday, stated the two housing projects of the company contracted to two separate Indian companies, will be completed in 2025, and made tenantable.
FDC had contracted the construction of the housing units to two Indian companies; NBCC India Limited and JMC Projects (India) Limited. Each company will undertake the construction of 2000 housing units situated in 16 towers, thereby 32 towers in total.
Housing units being developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale' Phase II. (Sun Photo)
The development of the project is funded by two loans from India’s EXIM Bank worth USD 116.45 million and USD 110.5 million. The Maldivian government provided sovereign guarantees for both loans.
FDC, on Thursday, gave media groups a tour of towers presently under development.
NBCC’s works
Six towers built by NBCC are 17-storeys with two-room apartments. The remaining 10 towers are 19-storeys with three-room apartments.
Only piling and foundation works have been completed for most towers contracted to the company. Sheeting works at some of the towers have subsequently been initiated.
Housing units being developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale' Phase II contracted to India's NBCC. (Sun Photo)
An official from FDC, sharing the updates regarding NBCC’s progress, said the company was undertaking structural works at some towers presently.
The official said that all towers contracted to NBCC will be completed within the first quarter of 2025, and made tenantable the same year.
JMC’s works
The company is mostly undertaking sheeting works at most towers. Concrete works at some towers are nearing completion while one tower has been completely finished, whereas the finishing works are underway.
Housing units being developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale' Phase II contracted to India's JMC Projects. (Sun Photo)
JMC’s towers also mainly comprise of three-room apartments.
They have two-floor plans: Type A apartments and Type B apartments.
Type A apartments floor plan
Housing units being developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale' Phase II contracted to India's JMC Projects. Floor plan of Type A apartments.
Type B apartments' floor plan
Housing units being developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale' Phase II contracted to India's JMC Projects. Floor plan of Type B apartments.
FDC’s feedback on the works
FDC’s Business Development and Corporate Affairs Manager Shamool Abdulla, speaking to the media, said the work is progressing according to the timeline. He reasoned that different towers are in different stages of development as work had not commenced on them simultaneously.
“There is no tower where physical work has not begun. The foundation of works at all towers have been completed and are above the ground now,” he said.
FDC’s Business Development and Corporate Affairs Manager Shamool Abdulla speaks to media.
FDC, noting the work is undertaken in phases, said the priority at present was to complete all work under phase one.
Shamool said the biggest difference between FDC’s projects and the housing units that were recently developed in Hulhumale’ is the former’s more spacious than the latter. He also noted the project’s inclusion of an elevator to accommodate stretchers for sick people while its stairs would also be developed this way.
Once the towers are complete, FDC said they will open bookings for the public to tour the premise.
