Leading property developer and landlord Meera Investments Limited has asked the Parliament to help them acquire ten acres of Naguru-Nakawa land.
President Yoweri Museveni ordered Uganda Land Commission to only allocate the said land to financial capable companies to develop it which will in turn create employment opportunities for Ugandans.
While appearing before Parliament’s adhoc committee on Friday, Dr Sudhir Ruparelia, Chairman Meera Investments, revealed that he was only allocated three acres yet he had applied for 10 acres.
The House is currently investigating the manner in which the beneficiary companies acquired the land.
It is from here that the property mogul asked the MPs to help him acquire seven more acres to make them 10 as per his initial request revealing that some of the companies were given more land than his yet they are non-existent.
“They allocated land to people who don’t exist, so what is wrong with me getting ten acres. I’m requesting the honourable members and the chairperson to help me get ten acres.”
Asked on the process he followed acquiring his land title, Sudhir said the speed always depends on who is allocating but normally when the requirements are all fulfilled, it is easier.
Meera Investments is known for competence and capacity to provide their major six services of construction, construction, building material supply, furniture supply, refurbishment, and consultancy.
Over the years, the company has undertaken many challenging projects and accumulated skills, know- how, and experiences in design and builds solutions, project management services, Real estate, building trades and related engineering works.
The company has built a reputation for delivering innovative solutions in the construction of commercial and residential structures throughout the country.
Today, Meera investment takes on the role of main contractor for small to medium size projects and performs project management services to coordinate specialist trades for industrial/commercial and residential projects. They also provide market guidance as value-add service to their clients.
The business is driven by six working directors who collectively have accumulated more than sixty years of work experience in the industry, and are involved in the business development, procurement, project management and administration of the company.
Led by Dr Sudhir Ruparelia as Chairman, the management team consists of other directors including Jyotsna Ruparelia, Rajiv Ruparelia, Meera Ruparelia and Sheena Ruparelia.
The team proactively gathers feedback, identifies changes in business environment, reviews work processes and communicates key learning points and company policy to all staff at regular meetings.
Below are some of the prominent projects in the city constructed by Meera Investments
RESIDENTAIL
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- Naguru Apartments
- Kampala Boulevard
- Tagore Apartments
- Bukoto Heights Apartments
- Kitante Apartments
RETAIL
- Electrical Plaza
- Royal Plaza
- Hardware Plaza
- City Plaza
- The Plaza
- 21 Luwum Street
- Hardware City
OFFICE
- Kampala Boulevard
WAREHOUSE
- Nalukolongo Warehouses
- Banda Warehousing Complex
- Industrial Area
- Ntinda – Industrial Area
COMPANY PROFILE
MEERA INVESTMENTS: Sustainably unlocking Uganda’s growth potential, brick by brick
Founded in 1994, Meera Investments Limited has emerged as one of Uganda’s largest drivers of economic growth. As the largest provider of high quality, affordable and sustainable retail, office, industrial and residential real estate infrastructure, we pride ourselves in being a crucial player in Uganda’s growth story.
We are also proud to participate in the shaping of her future, through one-of-a-kind high-quality projects, built to last for generations, such as The Pearl Business Park.
By leveraging our economies of scale and expertise, to increase the quantity of quality, real estate solutions to key sectors in the economy, Meera continues to be a leader in shaping Uganda’s competitiveness, technology skills transfer and jobs creation.
Facts & Figures
1. Over 25 Years of Building Uganda: Founded in 1994, Meera Investments is one of Uganda’s oldest property development companies. We are the largest developer of commercial and residential space, with over 400 properties in Uganda. With this experience comes trust and peace of mind, you need to trust us you’re your property needs.
2. Most Awarded: Meera has won several peer and industry awards and recognitions. Our chairman and founder, Dr Sudhir Ruparelia was on 9th October 2013 recognised by the Government of Uganda with the Golden Jubilee Presidential Medal for his contribution towards the economy of Uganda at a function presided over by the President of the Republic of Uganda, His Excellency President Yoweri Museveni.
3. Most Compliant Taxpayer: Meera Investments has for 6 years in a row been recognised by Uganda Revenue Authority (URA) as the most compliant and one of the largest taxpayers in the real estate sector. Our Chairman was also recognized as one of the largest individual taxpayers for the financial year 2016/17.
4. Responsible Property Development: We adhere to the best practices in construction. Our properties adhere to all domestic and international health, safety and environmental regulations. All our greenfield developments are subjected to the best HSE practices to minimise the negative impact on human health and the natural environment. We are also progressively redesigning and or redeveloping our old projects, to conform to these responsible practices.
5. Value for Money: Meera Investments is part of the Ruparelia Group, Uganda’s largest business conglomerate with over 28 companies in financial services, real estate, education services, hospitality, agriculture, and media/broadcasting. Our solid financial base ensures that our projects are developed on time and at cost, by professionals, at the choicest locations, using high-quality raw materials, thus guaranteeing our clients, the best value for money.
6. Top Employer: Meera Investments is part of the Ruparelia Group that directly employs over, 8,000 employees, many of whom are women and youths.
