Excess paid as deposit for FDC flats to be omitted from rent

The government has decided to omit the excess amount paid as the deposit for the flats developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale’ Phase II under the former administration’s Gedhoruveriya housing scheme from rent payment following the reduction of downpayment and rent for these units.

President Muizzu announceda reduction in the rent and downpaymentfor FDC flats during a meeting with residents of Hulhumale' Phase II on Thursday evening.

Housing Ministry, on Friday night, said if the deposit has already been, the excess amount will be omitted from the rent due in upcoming months.

The rent and downpayment of FDC flats has been reduced following backlash from recipients for being too high.