With a vision to revamp the skyline of MaldivesTata Housing – A subsidiary of Tata Sons Private Limited announced the launch of another international project in the Maldives. With an investment of approximately USD 36 million, Tata Housing will develop 2 residential projects at Nadhee and Odean in the city of Male, which will offer approximately 117 units of luxurious 3 bedroom apartments in the region.
Strategically located at Majeedhee Magu City Centre Road, the retail and residential luxury hub of the island, the project is developed in a public-private partnership with the Government of Maldives. Tata Housing plans to develop these two residential plots with a total development area of 2.52 lakhs sq.ft. and aims to redefine quality residences in the region. Both the developments are in close proximity to the airport, which elevates the overall travelling and living experience of the home buyers.
Commenting on the development, Sanjay Dutt, MD & CEO, Tata Housing & Tata Realty and Infrastructure Limited, said” We are excited to launch the second phase of our projects in Maldives. Nadhee & Odean will be the pride of Male City and Maldives Citizens. It is a premier residential development. Tata Housing is committed towards delivering unmatched spaces and elevating the living experience of its homebuyers. We sincerely thank the Government of Maldives for being very investor friendly and professional. This development will be followed by Island developments in the near future.”
He further states that “Maldives is fast growing; however Male City needs more to meet the appetite of growth of Maldives as an economy and the rising standards of its citizens. We are committed to play our part as a responsible real estate development company
