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Hi Ashok, I have been to Maldives in the last year April. If you are planning to stay in resort then the budget of 1 lakh is on a lower side. But for stay on Public islands, it's going to be sufficient.
For more details, please go through the link below.
https://www.tripoto.com/trip/going-to-maldives-read-this-first-5ce1224fa2d00
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