BIG STORY
India@78: Sudhir Ruparelia’s transformative impact on Uganda’s real estate business is unmatched
Today Thursday August 14, 2024 marked 78 years since it attained freedom from the British Raj.
The Indian Independence Movement was a series of historic events in South Asia with the ultimate aim of ending British colonial rule. It lasted until 1947, when the Indian Independence Act 1947 was passed.
The first nationalistic movement for Indian independence emerged in the Province of Bengal. It later took root in the newly formed Indian National Congress with prominent moderate leaders seeking the right to appear for Indian Civil Service examinations in British India, as well as more economic rights for natives. The first half of the 20th century saw a more radical approach towards self-rule.
So as India celebrates her 78th Independence, Indians across the global do so for the success story not only home but that come along with them.
In Uganda, we commemorate with the Indian Association that has been key in Uganda’s economic transformation.
However, we particular pick on City Tycoon Sudhir Ruparelia alias “Kampala’s Landlord” is the top-most Indian investor who has changed the face of the Ugandan real estate business. As the proprietor of the Ruparelia Group of companies his influence has been pivotal in shaping the sector.
Sudhir Ruparelia’s enduring success in real estate business is a testament to his unwavering commitment to quality, innovation, and strategic foresight and he stands as a beacon of excellence, setting the standard for real estate ventures in Uganda’s dynamic capital city.
Ruparelia owns prime residential and commercial properties in Kampala which have employed several Ugandans. His investments are mainly in real estate, education and broadcasting with other assets such as the Landmark Crane Towers and City House.
Ruparelia also owns the most prestigious hotels including the Speke Hotel, Kabira Country Club and 5-star Resort and Conference Centre in Munyonyo which hosted the Commonwealth Conference in 2007 and also the recently concluded G77 and NAM summits.
Ruparelia’s ideal in real estate is at its peak because he says whenever he thinks of real estate, he sources and procures the finest and most durable building materials.
“As Ruparelia Group, we are committed to delivering the highest quality leaving no detail untouched,” he notes.
He adds that many people want to invest in real estate business but the amount of money required to invest in the sector scares them away and yet success in the real estate sector only comes if one does not borrow money from banks and other lending institutions.
“It is a good business, but if one makes a mistake and over-stretch themselves it will cause their downfall,” he reveals.
The Ruparelia Group assembles a project management team that boasts significant experience in the construction industry and can give a project a long-lasting life.
“To ease life for our tenants, the development includes the fitted modern sprinkler fire suppression systems, fire pumps with back-up generators among others,” Ruparelia expresses.
There are lifts and CCTV cameras in most of Ruparelia’s buildings for safety and the Group wants their clients to be happy for a long time and they are sure that all of the buildings in Kampala offer that.
“For example, in some seasons, high-end luxury property is the catch. However, that could change in a year and the momentum could shift to affordable entry-level rentals,” he says.
Ruparelia also suggests that one should regularly seek professional input from lawyers, engineers and accounts when it comes to construction rather than using shortcuts.
Other companies that have greatly contributed to Uganda’s economy include Meta Group of companies, Mukwano Group of companies among others.
Kamya, a special hire driver, says that when Ruparelia discusses enterprises or real estate business, many people will recognize him as a major investor because he employs a large number of people in Uganda.
“We love such business people who give Ugandans jobs and they also advise others on how to start their businesses,” Kamya appreciates.