Uganda’s property magnate, Sudhir Ruparelia, who is the founder and Chairperson of Ruparelia Group, continues to change Kampala’s skyline. Although he has had running court battles with Bank of Uganda over the controversial takeover and sale of his bank-Crane Bank Ltd two years ago, Sudhir’s assets have continued to grow,
Read MoreA new report by Knight Frank Uganda shows that investors in apartments in the upscale suburbs of Kampala like Nakasero, Naguru, Mbuya and Kololo saw the best start of 2019 with a surge in demand from expatriates compared to last year, URN reports. According to Knight Frank Uganda report for
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As Central and Eastern Europe become increasingly popular for South Africa’s property sector due to subdued growth potential and earnings locally, should these funds not be investing closer to home? This is the view of Kfir Rusin, the host of the most significant annual gathering of capital investors in African
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Parliament Wednesday passed the Landlord and Tenant Bill, 2018 that restricts landlords from charging rent in dollars. Uganda’s real estate sector has been marred with confrontations between landlords and tenants over charging rent in US dollars. Real estate developers argue that they get huge loans in foreign currencies and to
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Knight Frank Uganda has announced the sale of Metroplex Shopping Mall-Naalya to Gate Way Delta, a Mauritius based real estate developer. In a statement dated 25th June 2019, Marc Du Toit (in featured photo), the Head of Retail at Knight Frank, the managers of the Mall said Gate Way Delta
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Ruparelia Group of Companies has officially launched in Speke Apartments located in Kitante, a Kampala suburb. Speaking at the opening event yesterday evening, Rajiv Ruparelia the Managing Director of Crane Management Services said that the rooms are fully serviced, noting that any client will just come with personal stuff and
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By Jane Acilo Uganda’s housing deficit continues to worry government and real estate sector players. According to Uganda National Bureau of Statistics (UBOS), Uganda’s population is projected to grow to 41.2 million by 2020 yet the country currently has a housing deficit of about 1.2 million units, with Kampala alone
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It was glamour as US$320m (Shs1.2 trillion) Kingdom Kampala Mall owned by property mogul, Sudhir Ruparelia was officially opened to the public on Sunday. The official unveiling of the building was preceded by prayers. The Shs1.2 trillion building has changed Kampala's skyline Sudhir’s Jyostna and son, Rajiv, who is the
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Property mogul, Sudhir Ruparelia continues to change Kampala’s skyline. The latest is the US$320m (Shs1.2 trillion) Kingdom Kampala Mall that finally opened to the public on Thursday. It is yet to be officially launched but tenants can now take up spaces. Inside the twelve floored multibillion and multipurpose complex is
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The controversial takeover and sale of Crane Bank Ltd over two years ago must have affected tycoon Sudhir Ruparelia’s cash flow, but it didn’t break his financial muscle and business acumen. The property mogul has continued to invest in the property sector by opening up multi-million hotels and apartments. The
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