Housing Development Corporation (HDC) commenced efforts to transfer Gulhifalhu in Kaafu Atoll, which is currently under HDC to Fahi Dhiriulhun Corporation (FDC).
FDC has announced that it is actively working on the transition of Gulhifalhu, including the exchange of necessary documents, and is conducting in-depth discussions regarding the matter. The corporation also revealed that the agreements concerning Gulhifalhu will be reviewed.
While the decision to transfer Gulhifalhu to FDC has been made, the Cabinet has also decided that FDC will remain a subsidiary of HDC. As a result of this decision, all projects related to social housing will be managed by FDC.
Majority of the land of Gulhifalhu is designated, specifically, to address housing issues. Under the Binveriyaa Housing Scheme of the previous administration, land plots will be allocated from Gulhifalhu.