October 24, 2020
October 24, 2020

Exclusive Interview: From Banking To Real Estate, Property Mogul Dr Sudhir Ruparelia Says The Future Becoming More Brighter Thou 2019 Was Challenging


property mogul tycoon Dr. Sudhir Ruparelia
Forbes Africa ranking number one tycoon property mogul Dr. Sudhir Ruparelia has stated that the future of real estate sector looks bright as oil production soon knocks door reffed as a national cake.
Sudhir who was speaking to this website, www.pressug.com  about his view on the year 2019 for the property sector, Said it was quite a challenging year.

Speke apartments kitante
“2019 has been a slow year and a difficult year, the economy all over the world are slowing down and Uganda isn’t an exception, so try to bite only what you can chew, don’t put a very big piece of meat and you choke, means that just manage to grow what you can afford to grow” Said Dr Sudhir.

kingdom kampala
Asked about his 2020 outlook for the real estate sector, Sudhir said unless Uganda finalizes final investment decisions in the oil sector, the situation will remain the same.
“Once oil production agreements are signed, we shall start climbing up,” he said.
Although it has been a difficult year as described by Sudhir, the tycoon’s Ruparelia Group completed a number of multi-billion buildings in Kampala.

. Electrical plaza market Street
For example, in May this year the Group opened Shs1.2 trillion Kingdom Kampala Mall. This was followed by the official launch of fancy Speke Apartments located in Kitante, a Kampala suburb.
Additionally, in September, Ruparelia Group officially launched Shs36bn Electrical Plaza that is located in Nakasero.
In a 2016 interview, Sudhir revealed that he had “more than 300 titles of land in my closet and still counting.”
For example, he said, he had more than 14 buildings along Kampala Road alone.

Speke apartments Kololo
This has since grown considering the fact that he has been opening more new buildings in Kampala and the surrounding areas.
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