National Housing and Construction Company (NHCC) signed a US$ 26.11 Million contract with Tirupati Development Limited on 7th May, 2016 to resume construction works on the Naalya Pride Apartments project.
Parity Twinomujuni, CEO National Housing and Construction Company, thanked all people for the contract signing as he welcomed Tirupati Development into the partnership.
“With the Naalya project finally moving and slated for completion in 18 months, our plan to reduce congestion and provide affordable housing in Uganda is also being achieved,” said Parity Twinomujuni.
“This is also a start to the good relationship with Tirupati Development Limited who were at one time our competitors,” he added.
Miraj Barot, Joint Managing Director, Tirupati also remarked that the partnership was a culmination of hard work from both teams and looked to the beginning of a long and mutually beneficial relationship with NHCC.
While talking about the delays that the project had experienced before, Amb. Agnes Kalibbala, the NHCC board chairperson, pointed out the importance of the project and said that there was finally light at the end of the tunnel as Tirupati Development Limited came highly recommended and their works considered very commendable.
With the partnership sealed, an official site handover to Tirupati Development Limited is scheduled for Tuesday 17th May, 2016.
The Naalya Pride Apartments project will comprise 312 units of 3 bedrooms each situated in Naalya, Kira Municipality, Wakiso District in Uganda. With 32 units already built, the partnership with Tirupati Development Limited involves the construction of 280 apartments with associated infrastructure that will be done in two phases that is phase 1 comprising 152 units and phase 2 comprising 128 units.
