Business

Sudhir Ruparelia Urges Ugandans to invest in Real Estate, says its a Lucrative Business

Business Mogul Dr. Sudhir Ruparelia moderating at URA's E-Bomba Business Summit on Friday October, 22, 2021

KAMPALA, UGANDA: City Businessman and Forbes-listed billionaire Sudhir Ruparelia has advised Ugandans to plan their money well by choosing to invest in Real Estate Business as it is a lucrative venture one should ever think of.

Sudhir, the Chairman of Ruparelia Group was deliberating at URA’s summit dubbed “E-BOMBA ya Business Summit” held on Friday, October 22, 2021 in Kampala, Uganda.

The self-established Real Estate Mogul advised Ugandans and prospective investors to keep their money in real estate businesses, among other things because it’s a low-risk venture.

Dr. Sudhir Rupaleria said Real estate is one of the safest businesses one can ever have even if there is a biting inflation.
“Over the years your building or land will remain and grow.”

“Plan right for your projects even if it’s Agriculture. Keeping money in the bank is not a good idea.
Invest your money but plan it right.” Sudhir said.

Sudhir Ruparelia wàs one of the keynote speakers at the Uganda Revenue Authority’s third edition of the ‘e-bomba ya business summit Friday.

Sudhir deliberated the topic at the summit alongside a panel consisting of Real Estate Gurus such as Ms. Irene Mbabazi Irumba the Assistant commissioner Compliance Management URA, Shirley Kongai the President Association of Real Estate’s Agents Uganda, Jude Rugasira the CEO of Knight Frank and will be moderated by Journalist Frank Walusimbi in a live broadcast show on NTV Uganda and UBC TV Stations.

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This year’s e-Bomba Business summit focused mainly on tips for business survival in the aftermath of the Covid-19 pandemic’s consequences and one of the most anticipated topic was; “Investing in Real Estate: What you Must Know and Do?

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Uganda Revenue Authority (URA) on October 15 started the third edition of the e-bomba ya business summits.
The month-long virtual engagements seek to equip business owners with financial growth skills and knowledge to foster business sustenance and voluntary compliance.

According to URA, the month-long virtual engagements are designed to educate business owners about financial growth and voluntary compliance, and they’ve been combined with skills to help organizations succeed in the new normal.

URA started the e-bomba ya business summits in 2019 as one of the poster activities of the Taxpayers Appreciation Month to equip business owners with the necessary skills for financial growth.

The first Bomba Ya Business summits attended by hundreds of business people were held at Kololo independence grounds but due to the pandemic, the summits have since gone virtual.

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About Dr. Sudhir Ruparelia

Business Mogul Sudhir Ruparelia

Dr. Sudhir Ruparelia is the founder of Ruparelia Group, one of Uganda’s largest conglomerates. The company owns a string of hotels and country clubs and more than 200 commercial properties.

Some of the companies include: Crane Management Services Limited – Kampala, Dehli Public International School–Naguru, Kampala, Goldstar Insurance Company Limited – Kampala, Kabira Country Club – Bukoto, Kampala, Kampala International School Uganda, Kampala Parents’ School, Kampala Speke Hotel – Kampala, Meera Investments Limited – Kampala, Munyonyo Commonwealth Resort – Munyonyo, Premier Roses Limited – Entebbe and Rosebud Limited – Entebbe.

Other companies under the Ruparelia Group include; Sanyu FM 88.2 – Kampala, Speke Apartments Limited – Kampala, Speke Resort and Conference Center – Munyonyo, Kampala, Tourist Hotel  Kampala, Victoria University Uganda, Premier Recruitment Limited,

The group owns commercial and real estate interests in Rwanda, South Sudan, the United Kingdom, and the United Arab Emirates.

The companies under Ruparelia Group are one of the top taxpayers in Uganda.

For instance, Meera Investments Limited tops the list of 25 compliant companies that were ranked best by the Uganda Revenue Authority (URA) in paying rental income tax in the financial year 208/19 that saw the Authority beat the target by Shs258.89 billion to collect a total of Shs16.6 trillion in taxes to the government.


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