Rules & rates
Is your building on HDFC's list? The 15 approved projects
HDFC finances flats only in projects it has approved. Its list has 15, from Bayfancy and Kandoofaa Residence to The Rise, the Rainbow projects, Centreal and SJ Creek. The full list, and how a developer gets on it.
Housing Development Finance Corporation (HDFC) says it plainly: "projects should be awarded to a real estate project that is approved by HDFC." No approval, no HDFC home purchase financing.
On the list (18 October 2026)
| Project | Developer as HDFC lists it |
|---|---|
| Aira | Ensis Realty |
| Bayfancy Residence | Bayfancy Private Limited |
| Blue Haven | Rasheed Carpentry & Construction |
| Centreal Homes | Apollo Holdings |
| The Creek View | SASe Gluten |
| Kandoofa Residence | Kandoofa Investments |
| LuxaOne Odeon | TATA Housing |
| Luxera Nadhee | TATA Housing |
| One Central | Sandal Mauritius |
| RainCoral | Rainbow Construction |
| RainPalm | Rainbow Construction |
| RainPearl | Rainbow Construction |
| SJ Creek Residences | SJ Construction |
| Solitaire | Sandal Mauritius |
| The Rise | FEDO |
HDFC's quarterly report for June 2026 also shows Kandoofa Ecoplex being financed, though it is not yet in the website directory.
How a project gets approved
The developer submits:
- the project details and costs;
- the public sale announcement;
- the drawings, schedules and approvals;
- the bill of quantities.
Approved does not mean guaranteed
Approval means HDFC will lend to buyers there. It is not a promise about when the building will be finished. HDFC's own quarterly reports show several completion dates moving later; see What HDFC's quarterly reports show about off-plan projects.
Ask before you book
- Is the project on HDFC's list today?
- What does HDFC release, and when?
- Can the grace period (12 to 24 months) cover the rest of construction?
As published by HDFC on 18 October 2026. Rates and terms change; confirm them with HDFC before you commit. General information, not financial advice.
Compare lenders with the concierge
Sources and method
- hdfc.com.mv/conventional-facilities/home-purchase/approved-end-user-projects (HDFC approved end-user projects, read 18 October 2026)
- hdfc.com.mv/conventional-facilities/home-purchase (HDFC Home Purchase, read 18 October 2026)
- hdfc.com.mv/api/resource-downloads/file/CMDA-2026-Q2.pdf (HDFC quarterly report to the CMDA, Q2 2026)
Prices are asking prices as listed through Binga unless marked achieved, and are dated. Developer descriptions are reported as the developer's own. Facts the desk could not verify are left out. Spotted an error? Write to hello@binga.mv; corrections are noted at the foot of the piece.
Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.
