FDC warns: social housing flats rented out by tenants will be confiscated
Housing Minister Dr Abdullah Muhthalib also stated earlier that such cases would be investigated and the flats involved would be confiscated.
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The Managing Director of the Fahi Dhiriulhun Corporation (FDC), Hamdhaan Shakeel, has warned that flats allocated under the government’s landlord scheme will be confiscated if recipients rent them out.
The government began handing over the flats under the Homeowner Scheme last week. However, some of the newly allocated flats have been listed for rent on social media at high prices.
According to FDC, the rent set for the scheme is MVR 7,000 per month for a two-bedroom apartment, with an additional MVR 1,000 for maintenance, totalling MVR 8,000 per month, and a down payment of MVR 15,000. For a three-bedroom apartment, the monthly rent is MVR 9,000, maintenance MVR 1,500, totalling MVR 10,500 per month, with a down payment of MVR 25,000. Despite this, advertisements have been posted offering the same flats for rent at MVR 25,000.
In a post on X, Hamdhaan stated that renting out these flats violates the agreement with FDC. “These flats are allocated under a social housing project, prioritising those most in need of housing,” he said. “If a recipient rents out the flat in violation of the agreement, the tenant will be traced, the agreement cancelled, and the flat confiscated.”
In a press statement, FDC said recipients are not permitted to rent the premises until all payments for the flats are completed. The statement added that clause 13 of the agreement between FDC and the recipient clearly prohibits subletting, and any violation will lead to investigation and necessary action.
Housing Minister Dr Abdullah Muhthalib also stated earlier that such cases would be investigated and the flats involved would be confiscated.
