Housing Development Corporation HDC says it has completed the 1st milestone of the Hulhumale' Phase II dredging and shore protection project.
The project is being carried out to provide leasing plots for industrial work.
HDC said that while the development work for the area is now underway, the company is now open to selling some of the plots from the area.
HDC noted that the agreement with the land buyers stipulates that the land reclamation project will be divided into phases and the payment will be made in proportion to the completion of the land.
The Corporation said it would inform the buyers of the project process with each milestone achieved.
HDC added that the plan was to complete the project as per schedule and open the area for business.
