UGANDA, KAMPALA – Sudhir
Ruparelia, billionaire and Chairman of the Ruparelia Group of Companies, has
recommended Ugandans to invest in real estate since it is one of the few
enterprises that can weather Uganda's economic storms.
The real estate
billionaire warned Ugandans not to take the real estate market for granted in
an exclusive chat with this website. However, he urged individuals just
starting out in the real estate market from borrowing money because it is a
time-consuming profession.
"First, aim to expand
in accordance with the cash flow you have and are making." It is most
likely the best solution. Because, as the saying goes, opportunities come at
all times, especially when you have a solid cash flow. Take advantage of those
opportunities. As long as you have a good strategy in place, your building or
land value will skyrocket over time."
"You must allow for
some organic development in your company." So long as you have a fair
quantity of cash flow coming in, you just need to focus on the appropriate
place and the proper strategy; that's all it takes to invest and plan
well."
He recommended individuals
with money to begin investing in the construction of condos since they
represent the future of housing in Kampala.
"As city land becomes
more costly, more people are turning to condominiums." People will have
upcountry mansions and just live in flats in the future, in my opinion."
Ruparelia is the chairman
and creator of the Ruparelia Group, a prominent conglomerate in Uganda that
focuses on education, real estate development and management, hotels, resorts,
floriculture, and broadcasting.
Sudhir and his family have
become Uganda's leading private property owners, managers, and developers for
commercial and private real estate through their firms Crane Management and
Meera Investments. Among other things, the corporations invest in office
buildings, retail centres, industrial facilities, residential units, and
development projects.
CRANE MANAGEMENT SERVICES,
which has been in business since 1996, is a professional property management firm
that administers a significant portfolio of properties in and around Kampala,
as well as in places like as Jinja, Mbale, and Mbarara, to mention a few. It
maintains a wide range of properties, including commercial, industrial,
residential, and office buildings.
According to the group's
website, "C.M.S. is responding to the need for professional management
services in the real estate sector at a time when Uganda is witnessing
exceptional expansion within the real estate management business."
MEERA INVESTMENTS, on the
other hand, was founded in 1994. Its specialty is creative real estate ideas,
notably in property development and construction.
"Meera Investments
LTD embraces effective and efficient solutions in all parts of property
development, from concept to finish, in order to achieve maximum utilization and productivity, making us the largest landlord and leading property
developer." According to the group's website.
Uganda's real estate
business is an emerging market that is still in its infancy and one of the
safest sectors of investment in Uganda, with 5.6 percent growth over the
previous four years. Ugandan real estate has increased dramatically in the last
decade, with numerous residential residences, company premises, and office
complexes being built, particularly in the Kampala area.
However, because the sector is
still in its early stages, it continues to face challenges such as high funding
costs, a lack of adequate funding for the sector, expensive land in urban
areas, a slow process of streamlining the land registry, and a lack of
adequately trained and experienced manpower to manage the sector.
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