The Bank of Maldives (BML) has begun foundation and concrete works for 182 housing units being developed in Hulhumalé Phase 1.

BML spokesperson Mohamed Saeed said the project is part of the Government’s Housing For All initiative, which involves the development of 364 housing units in Hulhumalé Phase 1.

The project is being developed by BML Affordable Home Leasing Company, with Amin Construction contracted to carry out the work. Foundation and concrete works are now underway for 182 units, representing half of the total project.

Saeed also said construction is progressing on a total of 3,260 housing units across Malé City, with the projects expected to be completed by mid-2028.

BML has also commenced housing developments in Hulhumalé Phase 2, Hulhumalé Phase 3 and Vilimalé.