Akright to build more low-cost estates
Feb 25, 2010
AKRIGHT Projects, a real estate developer, has partnered with foreign investors to scale-up the low-cost housing projects, Anatoli Kamugisha, the managing director, has said.
By Ricks Kayizzi
AKRIGHT Projects, a real estate developer, has partnered with foreign investors to scale-up the low-cost housing projects, Anatoli Kamugisha, the managing director, has said.
“Provision of affordable housing will drive our services this year.
“We have forged partnerships that will help us reduce costs, thus the price of the houses,†he said during a recent tour of the Mpumudde women’s housing estate in Jinja.
The estate was built by Akright and UN Habitat in 2005. The beneficiaries got the houses on mortgages payable in 20 years.
Kamugisha said the two-bedroom houses cost $6,000 (about 10m).
“We are calling upon Government to partner with us and construct access roads to the estates and connect them to the electricity and water grids.â€
Akright recently entered into a joint venture with Pride Architects, a Norwegian firm, with a pledge to construct 1,200 housing units per year for low income earners.
The firm is preparing to list on the Uganda Securities Exchange in 2012.
AKRIGHT Projects, a real estate developer, has partnered with foreign investors to scale-up the low-cost housing projects, Anatoli Kamugisha, the managing director, has said.
“Provision of affordable housing will drive our services this year.
“We have forged partnerships that will help us reduce costs, thus the price of the houses,†he said during a recent tour of the Mpumudde women’s housing estate in Jinja.
The estate was built by Akright and UN Habitat in 2005. The beneficiaries got the houses on mortgages payable in 20 years.
Kamugisha said the two-bedroom houses cost $6,000 (about 10m).
“We are calling upon Government to partner with us and construct access roads to the estates and connect them to the electricity and water grids.â€
Akright recently entered into a joint venture with Pride Architects, a Norwegian firm, with a pledge to construct 1,200 housing units per year for low income earners.
The firm is preparing to list on the Uganda Securities Exchange in 2012.