Logo

Housing shortfall hits 140,000, gov't calls for private investors

The ministry of Lands, housing and urban development has called upon both local and foreign investors to interest themselves in the country’s largely ignored housing sector, which has been underperforming every year.

Last year, the National Housing and Construction Company (NHCC), a government body mandated with developing the housing sector had a shortfall of 140,000 housing units after constructing only 60,000 units out of the expected 200,000 per year.

Ambassador Agnes Kalibbala, director of land and housing in Uganda

Authorities blame the housing shortfall on meagre government funding of the sector among other issues like land wrangles and compensation disputes in areas where development plans have been earmarked to take place like Kasokoso.

“Very few investors come in currently but we want to encourage investors to come in and invest in the housing sector. Uganda has one of the highest urban growth rates standing at 5.1%. We therefore need to plan for housing because without housing, all these people won’t be having where to stay,” ambassador Agnes Kalibbala, the ministry's director of land and housing said.

Kalibbala who represented the vice president, Edward Kiwanuka Sekandi, was speaking in Naalya at the commissioning of 32 new housing units by Comfort Homes, a real estate company under their second ever project in Uganda named Casa Belvedere located in Naalya.

The project’s three bed roomed apartments have about 23 units available and they go for Shs 230 million on 110 Square metres while the 1 bedroom apartments go for Shs 135 on 62 square metres.

The Ugandan law now recognizes the ownership of condominium and owners can acquire land titles just like in developed countries Quresh Shebabi, the director comfort homes owned by Kenyan Indians said that peace and government investment into the housing sector will help improve housing especially low cost, contribute to economic development and also create employment opportunities.

“We have come to Uganda to live in peace and expand our dream of housing for everyone. We urge the government of Uganda through its agencies to add the sector the necessary support it deserves,” he said.

kamogajonathan50@gmail.com

© 2016 Observer Media Ltd