{"ok":true,"data":[{"slug":"rainland-developers","kind":"agency","name":"Rainland Developers Pvt. 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Its housing benefit lets Maldivian members under 60 pledge Retirement Savings Account funds as the deposit on a home loan from an approved lender (BML, MIB, HDFC, MCB, CBM): 100% of the balance up to age 35, 80% from 36 to 49, 50% from 50 to 60, with the loan repaid before 65.","website":"https://pension.gov.mv/","url":"https://news.binga.mv/developer/pension-office","projects":[]},{"slug":"ministry-of-housing","kind":"authority","name":"Ministry of Infrastructure, Housing and Urban Development","description":"Approves and endorses residential developments.","website":"https://infrastructure.gov.mv/dv","url":"https://news.binga.mv/developer/ministry-of-housing","projects":[]},{"slug":"bml","kind":"bank","name":"Bank of Maldives","description":"Housing-loan provider; has approved Luxera Nadhee for financing.","website":"https://www.bankofmaldives.com.mv/","url":"https://news.binga.mv/developer/bml","projects":[]},{"slug":"hdfc","kind":"bank","name":"HDFC Maldives","description":"Housing-loan provider; has approved Luxera Nadhee for financing.","website":"https://hdfc.com.mv/","url":"https://news.binga.mv/developer/hdfc","projects":[]},{"slug":"mib","kind":"bank","name":"Maldives Islamic Bank","description":"Islamic bank. Home purchase financing (Ujaalaa Hiyaa, Diminishing Musharaka): 9 to 10% a year, up to 25 years, from 10% equity (cash, pledged pension or payments to the developer). Partner bank in the government's Hiyaavehi scheme.","website":"https://www.mib.com.mv/","url":"https://news.binga.mv/developer/mib","projects":[]},{"slug":"mflc","kind":"company","name":"Maldives Finance and Leasing Company (MFLC)","description":"Licensed finance company since 2002, owned by Tree Top Investments. Home Loan and MFLC Maal Islamic home financing (Musharakah Mutanaqisah) over 5 to 10 years with 20% equity. Holds an MMA pre-operational permit (May 2025) to become Maldives Finance and Leasing Bank.","website":"https://www.mflc.mv/","url":"https://news.binga.mv/developer/mflc","projects":[]},{"slug":"seaside-collection","kind":"company","name":"Seaside Collection","description":"Family-run hotel group that owns and operates .HERE Baa Atoll and the neighbouring Finolhu.","website":"https://seaside-collection.com","url":"https://news.binga.mv/developer/seaside-collection","projects":[{"slug":"here-baa-atoll","role":"management","url":"https://news.binga.mv/project/here-baa-atoll"}]},{"slug":"sh-hotels-resorts","kind":"company","name":"Starwood Hotels (formerly SH Hotels & Resorts)","description":"Hotel company founded by Barry Sternlicht, renamed Starwood Hotels in March 2025; operator partner for Baccarat Hotel & Residences Maldives.","website":"https://starwoodhotels.com","url":"https://news.binga.mv/developer/sh-hotels-resorts","projects":[{"slug":"baccarat-maldives","role":"management","url":"https://news.binga.mv/project/baccarat-maldives"}]},{"slug":"apollo-holdings","kind":"developer","name":"Apollo Holdings Pvt Ltd","description":"Developer of The Apollo Towers, Crystal Residence and Opal Residences in Hulhumalé.","website":"https://apolloholdings.com.mv/","url":"https://news.binga.mv/developer/apollo-holdings","projects":[{"slug":"crystal-residence","role":"developer","url":"https://news.binga.mv/project/crystal-residence"},{"slug":"opal-residences-by-apollo","role":"developer","url":"https://news.binga.mv/project/opal-residences-by-apollo"},{"slug":"the-apollo-towers","role":"developer","url":"https://news.binga.mv/project/the-apollo-towers"}]},{"slug":"atoll-estates","kind":"developer","name":"Atoll Estates","description":"Developer of Zamani Islands in the South Malé Atoll.","website":"https://atollestates.com","url":"https://news.binga.mv/developer/atoll-estates","projects":[{"slug":"zamani-islands","role":"developer","url":"https://news.binga.mv/project/zamani-islands"}]},{"slug":"batch-construction","kind":"developer","name":"Batch Construction","description":"Developer of Marina View – Batch Apartments, Hulhumalé.","website":"https://aseria.mv/","url":"https://news.binga.mv/developer/batch-construction","projects":[{"slug":"as-ria","role":"developer","url":"https://news.binga.mv/project/as-ria"},{"slug":"marina-view-batch-apartments","role":"developer","url":"https://news.binga.mv/project/marina-view-batch-apartments"}]},{"slug":"bayfancy","kind":"developer","name":"Bayfancy PTE LTD","description":"Singapore real estate developer re-registered in the Maldives in 2024. Developer of Bayfancy Residence, an 18-storey apartment building on Lot 20092, Hulhumalé Phase 2, due for handover in June 2027.","website":"https://bayfancy.com/","url":"https://news.binga.mv/developer/bayfancy","projects":[{"slug":"bayfancy","role":"developer","url":"https://news.binga.mv/project/bayfancy"}]},{"slug":"damas-real-estate","kind":"developer","name":"DAMAS Real Estate Pvt. Ltd.","description":"Developer of One Avenue, Hulhumalé.","website":"https://www.damas.com.mv/","url":"https://news.binga.mv/developer/damas-real-estate","projects":[{"slug":"one-avenue","role":"developer","url":"https://news.binga.mv/project/one-avenue"}]},{"slug":"fedo","kind":"developer","name":"Fedo","description":"Developer of The RISE by Fedo, Hulhumalé.","website":"https://fedo.mv/","url":"https://news.binga.mv/developer/fedo","projects":[{"slug":"the-rise-by-fedo","role":"developer","url":"https://news.binga.mv/project/the-rise-by-fedo"}]},{"slug":"jaah-investments","kind":"developer","name":"JAAH Investments Pvt. Ltd.","description":"Developer of The Gardens – Exotic Elegance, Hulhumalé.","website":"https://www.jaahinvestments.mv/","url":"https://news.binga.mv/developer/jaah-investments","projects":[{"slug":"the-gardens-exotic-elegance","role":"developer","url":"https://news.binga.mv/project/the-gardens-exotic-elegance"}]},{"slug":"kandoofaa-investments","kind":"developer","name":"Kandoofaa Investments","description":"Developer of Kandoofaa Residence and Kandoofaa Ecoplex.","website":"https://kandoofaamv.com/","url":"https://news.binga.mv/developer/kandoofaa-investments","projects":[{"slug":"kandoofa-ecoplex","role":"developer","url":"https://news.binga.mv/project/kandoofa-ecoplex"},{"slug":"kandoofa-residence","role":"developer","url":"https://news.binga.mv/project/kandoofa-residence"}]},{"slug":"madevco-holdings","kind":"developer","name":"Madevco Holdings","description":"Owner of Baccarat Hotel & Residences Maldives; its sister company MDC Investments leads development.","website":"https://baccaratmaldivesresidences.com/","url":"https://news.binga.mv/developer/madevco-holdings","projects":[{"slug":"baccarat-maldives","role":"developer","url":"https://news.binga.mv/project/baccarat-maldives"}]},{"slug":"mega-infra-projects","kind":"developer","name":"Mega Infra Projects Pvt Ltd","description":"Joint-venture developer of RainCoral Residence.","website":null,"url":"https://news.binga.mv/developer/mega-infra-projects","projects":[{"slug":"raincoral-residence","role":"developer","url":"https://news.binga.mv/project/raincoral-residence"}]},{"slug":"pulse-hotels-resorts","kind":"developer","name":"Pulse Hotels & Resorts","description":"Owner and operator of Kandima Maldives in the Dhaalu Atoll; developer of Coral Residences at Kandima.","website":"https://pulseresorts.com","url":"https://news.binga.mv/developer/pulse-hotels-resorts","projects":[{"slug":"coral-residences-kandima","role":"developer","url":"https://news.binga.mv/project/coral-residences-kandima"}]},{"slug":"rainbow-construction","kind":"developer","name":"Rainbow Construction Pvt Ltd","description":"Joint-venture developer of RainCoral Residence; associated with the Rain family of buildings.","website":"https://rainbowconstruction.com.mv/","url":"https://news.binga.mv/developer/rainbow-construction","projects":[{"slug":"oceanfront-residence","role":"developer","url":"https://news.binga.mv/project/oceanfront-residence"},{"slug":"raincoral-residence","role":"developer","url":"https://news.binga.mv/project/raincoral-residence"}]},{"slug":"rcc","kind":"developer","name":"Rasheed Carpentry and Construction Pvt. Ltd.","description":"Developer of Blue Haven Residencies, Hulhumalé.","website":"https://rcc.com.mv/","url":"https://news.binga.mv/developer/rcc","projects":[{"slug":"blue-haven-residencies","role":"developer","url":"https://news.binga.mv/project/blue-haven-residencies"}]},{"slug":"renaatus","kind":"developer","name":"Renaatus","description":"Developer of Ithaa Muiy, Irumathi, Javaahiru and The Skyside in Hulhumalé.","website":"https://renaatus.com/","url":"https://news.binga.mv/developer/renaatus","projects":[{"slug":"renaatus-irumathi","role":"developer","url":"https://news.binga.mv/project/renaatus-irumathi"},{"slug":"renaatus-ithaamuiy","role":"developer","url":"https://news.binga.mv/project/renaatus-ithaamuiy"},{"slug":"renaatus-javaahiru","role":"developer","url":"https://news.binga.mv/project/renaatus-javaahiru"},{"slug":"the-skyside-by-renaatus","role":"developer","url":"https://news.binga.mv/project/the-skyside-by-renaatus"}]},{"slug":"sase-glut-jv","kind":"developer","name":"SASe Glut JV Pvt Ltd","description":"Developer of The Creek View, Hulhumalé.","website":"https://thecreekview.mv/","url":"https://news.binga.mv/developer/sase-glut-jv","projects":[{"slug":"the-creek-view","role":"developer","url":"https://news.binga.mv/project/the-creek-view"}]},{"slug":"six-and-six","kind":"developer","name":"SIX & SIX Private Islands","description":"Hospitality group founded in 2024 by Laith Pharaon; opened RAH GILI Maldives in February 2026.","website":"https://sixandsix.com","url":"https://news.binga.mv/developer/six-and-six","projects":[{"slug":"rah-gili-maldives","role":"developer","url":"https://news.binga.mv/project/rah-gili-maldives"}]},{"slug":"sj-construction","kind":"developer","name":"SJ Group (SJ Construction)","description":"Maldivian contractor working since 1996, with a trading arm, SJ Trade, added in 2017. Developer of SJ Creek Residence (finished), SJ Nove Residence and SJ Dhihereya Residence in Hulhumalé.","website":"https://sjgroup.mv/","url":"https://news.binga.mv/developer/sj-construction","projects":[{"slug":"sj-dhihereya-residence","role":"developer","url":"https://news.binga.mv/project/sj-dhihereya-residence"}]},{"slug":"soneva","kind":"developer","name":"Soneva","description":"Operator of Soneva Fushi (Baa Atoll), Soneva Jani (Noonu Atoll) and Soneva Secret; sells private villas on its resort islands.","website":"https://soneva.com","url":"https://news.binga.mv/developer/soneva","projects":[{"slug":"soneva-villa-ownership","role":"developer","url":"https://news.binga.mv/project/soneva-villa-ownership"}]},{"slug":"tata-housing-maldives","kind":"developer","name":"TATA Housing Maldives","description":"Developer of Luxera Nadhee on Sosun Magu, Malé.","website":"https://www.tatahousing.com/residential-property-in-maldives/tata-luxera","url":"https://news.binga.mv/developer/tata-housing-maldives","projects":[{"slug":"luxera-nadhee","role":"developer","url":"https://news.binga.mv/project/luxera-nadhee"}]}]}