The Housing Development Corporation (HDC) has decided to seize the land occupied by Riveli Beach Restaurant in Hulhumale' due to prolonged non-payment of rent.
In an announcement yesterday, HDC stated that the agreement with Solaris Hospitality Private Limited, the operator of Riveli Restaurant, has been terminated effective immediately.
"We hereby inform that as the decision has been made to reclaim this land effective today, Solaris Private Limited is prohibited from conducting any business transactions or providing any services at Hulhumale Lot No. 10877," the HDC announcement read.
HDC clarified that the decision to terminate the agreement with Solaris followed a long period of unpaid rent. The corporation further noted that before reaching this decision, all necessary notices were issued and the company was provided with multiple opportunities to settle the arrears in accordance with the terms of the agreement.
Riveli Beach Restaurant is located in the Hulhumale 'Ruhgandu' 1 area. It is the only establishment in Hulhumale that HDC has permitted to operate in such close proximity to the beach.
