Indian contractor TATA housing on Tuesday kicked off construction in the two remaining plots awarded from the capital Male.
The project to construct of flats in four separate sites in Male was awarded to Indian construction giant TATA Housing which joined up with SG18 Developers Pvt. Ltd., under the banner of Apex Realty.
Though the agreement was signed in 2010, the project was delayed because of the pending resolution of certain unavoidable contractual issues.
TATA had handed over the social housing flats in two plots but only kicked off construction of the two remaining plots on Tuesday.
The two plots would house only luxury flats, equipped with pool, gym and parking facilities.
Speaking during the ground breaking ceremony, TATA's international business head Sanjeewa Sinha said the company would continue to look for housing projects in the Maldives with priority on social housing.
He also said the company was interested in introducing housing units under the senior citizens scheme.