Fahi Union urges rent cut, waive flat down payment
FDC informed the union that flats under the Gedhoruveriyaa scheme would be allocated on a 25-year instalment basis.
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The Fahi Union, representing the interests of flat recipients, has called on the government to revise the terms of the Gedhoruveriyaa housing scheme by waiving the MVR 25,000 down payment and reducing monthly rent.
The call was made following a meeting with Fahi Dhiriulhun Corporation (FDC), during which the union raised concerns over the scheme’s structure. According to a statement issued by the union Sunday, the Gedhoruveriyaa scheme differs from other social housing programmes such as shelter schemes and lacks comparable support mechanisms.
FDC informed the union that flats under the Gedhoruveriyaa scheme would be allocated on a 25-year instalment basis. However, the union highlighted concerns that recipients will only receive keys to their flats after making the full MVR 25,000 down payment.
Other issues noted in the agreement include:
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A MVR 25,000 down payment requirement
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A penalty of more than 100% on late rent payments for two-bedroom flats, where the base rent is MVR 7,000 and late payments incur an additional MVR 15,000
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A 170% penalty on late payments for three-bedroom flats
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A rent increase compared to rates in earlier government agreements, where two-bedroom flats were offered at MVR 5,000 and three-bedroom flats at MVR 7,000
The Fahi Union urged President Dr Mohamed Muizzu to extend the same rent reduction policies implemented for previous housing projects to this scheme.
The statement added, “Therefore, I urge the President to arrange the rent of these 4,000 flats in an equitable and fair manner so that the people do not have to bear any additional burden and suffering as promised.”
