KAMPALA — Meera Investment, the estate development arm of Ruperelia Group of companies is set to unveil a new 12 storied commercial building that is located in the heart of Kampala.
Under Meera Investment management, the state of the art building is located on market Street in Nakasero, Kampala.
Meera Investment is currently letting out space for all interested people to put up their businesses.
This building adds to a number of the many well-furnished buildings of Crane chambers, Speke apartments, Kampala Boulevard, Market Plaza, and Kingdom Kampala among other buildings.
Located on Plot 11 Market Street at the confluence of Market Street and Kiyembe Lane, Electrical Plaza is made up of 220 shops, 56 apartments and 2 floors of parking.
Meera Investments is the largest developer of commercial and residential space, with over 300 properties in Kampala and other major towns like Mukono, Jinja, Mbale and Mbarara.
The company also owns the largest number of ongoing real estate projects and is the largest private owner of commercial land in Kampala.
Meera Investments Limited was in 2017/18 rated as a top rental income taxpayer by Uganda Revenue Authority (URA) while Dr. Sudhir Ruparelia, the Chairman/Managing Director of Meera Investments, was rated the second biggest individual rental income taxpayer.
Sudhir, who is Uganda’s richest man, was rated by Forbes Magazine as Africa’s 27th richest man in 2016 with an estimated $880 million.
Since then, the businessman has added several properties to his portfolio such as the Kingdom Kampala Mall, Speke Apartments (Wampewo) and Speke Apartments, Kitante- a collection of 83 fully furnished one, two and superior apartments, conveniently located on Kitante Close, off Yusuf Lule Road, in the affluent leafy lower Kololo.
The group owns commercial and real estate interests in Rwanda, South Sudan, the United Kingdom, and the United Arab Emirates.