Ruparelia Group Chairman, Sudhir Ruparelia, his son Rajiv Ruparelia who oversees the empire have Saturday morning officially launched the Electrical Plaza building located in Downtown Kampala.
The magnificent structure on Plot 11 Market Street, Kiyembe Lane, is comprised of 220 shops, 56 apartments and 2 floors of parking.
Sudhir has offered the tenants 2 months free rent.
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.
