VISTA CAPITAL PRIVATE LIMITED 15, Shrubbery Gardens, Colombo 04, Sri Lanka. Housing Project in Maldives

It is an artificial island, a Maldives government investment, in connection to the need for living space for the Maldives citizens. The project is intended to fulfill a life needs of a future citizens generations of the country. The island includes space for: ​​ living space, work space, industry, tourism, entertainment and more. Hulhumalé is the most ambitious and striving land reclamation and urban development project undertaken by the Government of Maldives to date. The perception for the development and expansion of Hulhumalé was envisioned as a significant step in improving the quality and eminence of life of the population and revitalizing the Maldivian economy. It is also with the intention to serve as an effective solution to the mounting problems of congestion within the capital region as well as a resource to facilitate and assist the continual growth of the country’s two dominant economic sectors, fisheries and tourism. About Hulhumale

Population movement:  Due to the scarcity for land by shrinking of other islands  Overcrowding in other islands Male City Other islands Foreigners Govern- ment

Hulhumale General information 3 kilometer away from the capital city Land extent is 188 hectare Its closed to male international Air port Taiwan provide the road network and 280 apartment to hulhumale Male and hulhumale connected by ferry service Road connected with southern part of the Air port and hulhumale Already 400 Apartment has been occupied Two large condominium building with 116 constructed by 2009 Currently population is 5000 in hulhumale The island expected population at end of 2020

The development program for the island:

Stage 1A (completed)  A 280 room apartment complex with a combination of 2,3 and 4 bedroom units  An integrated primary and secondary school housing 20 classrooms  A public building for government and social requirements containing 32 units  A Hospital with 50 bed capacity  A Mosque for 1500 persons  Four commercial buildings with a total of 48 units  An asphalt-paved road network approximately 12.5 km long  An adequate land space for the cultivation of indigenous plants and imported varieties

The development program for the island: Stage 1B  232 Condominium housing units  120 Basic housing units  169 Beach plots  56 Standard plots,  132 Terraced houses  280 Housing units  57 Residential beach front plots  109 Residential beach plots  56 Residential standard plots  132 Plots for terraced housing  A public building with 32 public units  15 Industrial and commercial land plots with an average of 1,000 m 2 per unit

The development program for the island: Stage 1C  1900 Housing units Stage 2 (targeted for 2016)  2950 Housing units Stage 3 (targeted for 2020)  3075 Housing units

Much needed pure residential are located in the northern and western foreshore which allows for clear views of the ocean from both sides. The majority of the high rise residential apartments and condominiums will be located at the Strait district which faces the northern foreshore. Mid-rise residential apartments will be located at the Waterfront district with views towards the Marina and access to the waterfront commercial district. Certain mid-rise apartments will also feature at the area facing the civic centre from the eastern side residential neighborhood districts. In addition to these mid-rise and high rise condominiums, areas in the eastern side Residential Neighborhood districts are also planned for pure residential developments. These developments consist of low rise apartment buildings located inland and individual property developments at the beach side and beach front. Housing Types in Hulhumale

 Standard cross-section through a Residential building, defined in the situation plan of Hulhumalé

Housing Types in Hulhumale  Standard cross-section through a Residential building, defined in the situation plan of Hulhumalé

Residential area Commercial areaGovernment and civil Industrial area Land use pattern of the place Mix Residential Our land should be situated within residential or mix residential places

Green plan The master plan reflects on the importance of accessibility to green & open spaces to maximize economic and aesthetic value of Hulhumalé, and so strategic green links are designed through major residential, business and industrial districts. The green spaces act as buffers between these strategic land uses to create a more economically viable and aesthetically pleasing environment.

Division into sectors

Present Environmental Issues  Beach Erosion  Coral Mining  Dredging  Land Reclamation  Population Growth, Distribution and Life Styles  Solid Waste Disposal  Sewage Disposal  Waste oil disposal  Freshwater Availability  Soil Degradation  Inadequate Environmental Database

HDC – the largest real estate development company in the Maldives – occupies three roles in the development of Hulhumalé.  Firstly, it acts as a master developer, delivering the vision, inspiration and imagination of the project in a manner that is feasible and commercially viable.  Secondly, HDC is a builder, investing in the infrastructure necessary for quality living and business prosperity. These include the development of roads, landscaping, and ensuring that basic utilities as well as other essential services are available for investors and residents.  Lastly, HDC acts as regulator, overseeing detailed planning, architectural guidelines and building regulations. The HDC deals with the lease and sale of land as well as developed property on Hulhumalé. The company focuses on three broad areas of real estate development: residential

#Project LocationProject Type Project Value (MVR) 1Lh. Naifaru25 Row Houses23,867, H.Dh Kulhudhufushi 25 Row Houses25,193, GA. Kolamaafushi25 Row Houses24,421, G.Dh. Thinadhoo 25 Single Storey Houses 19,667, N. Manadhoo 25 Single Storey Houses 18,758, Province Housing Project” is the first major project that HDC is undertaking outside Hulhumalé. Under the project a mixture of Row Houses and Single Storey Houses will be developed in six islands of the Maldives. Details of the projects planned in these islands are given below.

A Row House is a dwelling which shares common walls with the adjoining units. The Row Houses in the islands will be developed up to 2 storeys with 3 rooms, kitchen, dining and storage areas. Balconies are provided for each of the rooms and a small open area is available at the front and back of the Row House. Total floor area of a Row House is 1579sqft, where the ground floor accommodates about 752sqft and the first floor measures an area of about 766sqft. The land area of a single Row House is 1125sqft. The Single Storey Houses are more spacious in nature with larger open space areas, but provide the same number of rooms and other facilities as in a Row House. The total land area of single storey house is 2086 square feet while the total floor area is 1073sqft. The objective of this project is to contribute to the urban livelihood of these islands and assist with the Government’s de-centralisation plan of enhancing developments under the 7 provinces. The projects are expected to take one year for construction and hence, are expected to be out for sale to the residents of the provinces towards the end of 2011.