Africa-Press – Uganda. The Vista Naguru, a collection of 31 apartments has officially been opened in Naguru, a leafy Kampala suburb.
Owned by The Living Group(TLG), a real estate developer in Uganda , the project has two, three, four and five bedroom apartments spread across 0.23 acres located at Nambi Road in Naguru.
According to Sheena Ruparelia, one of the directors at TLG, the project is on the affordable luxury level.
“Our niche is supplying our clients with product of affordable price but highest qualities. With a crisis of land in Uganda, the solution is apartment building like we have done here,” Sheena said.
Uganda faces a significant housing deficit of more than 2.4 million with the gap widening due to rapid urbanization and population growth.
This deficit has led to a large portion of the population living in informal settlements and inadequate housing conditions.
According to Sheen Ruparelia, apartments are the way to go if this deficit is to be closed.
“In the past, a lot of people preferred houses but now we are coming up with solutions like these apartments. In our project we ensure there is a community area including a gathering area like a swimming pool, bar area, restaurant or any other community area where people can gather from like a bicycle track, walking track. We try to create these spaces for recreational purposes.”
She said the project is for middle and upper classes, which are rapidly growing in Uganda.
“When most people are choosing a place where to live, they look at where they work from or the commuting time from home to work. As The Living Group, we have chosen locations like Naguru to keep the prices as affordable as possible but at the same time the housing deficit being looked into,” Sheena said.
Ray Sakaria, the Managing Director for TLG underscored the need for housing.
“As people go through education, they get jobs, grow their careers and make a little bit more money.They realise they should invest in housing than in luxury items like cars. Having a roof on top of your head is the most important thing. A lot of the low-income people will join the middle income and will therefore be able to afford these things,” Sakaria said.
“The biggest problem is there are a lot of apartments out there but not many hold their value. We have made sure all our apartments hold their value, whether you are owning it or you are renting it. It should always give you the correct return. We want to give you a safe environment as a family.”
He said the Vista Naguru apartments go for between shs300 million and shs600 million depending on when one joins the building.
“ Our commitment to your satisfaction extends beyond the sale, with a 12-month warranty on all new homes and a dedicated customer service team ready to assist.”
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