Investment in real estate remains critical

The intended investment by Rohan Developers PVT, a subsidiary of the India-based Mehta Group of Companies in real estate development in the country is a welcome gesture. It comes in the midst of the growing housing shortage as the country continues to developThe housing shortage is not only for office space but also residential, especially as the middle class continues to expand. This means that this shortage needs to be adequately addressed. With reputable companies like Rohan Developers PVT showing interest, the future of the housing sector in Rwanda is bright and housing shortage might be history sooner than later. The company, just like other prospective investors in the country’s real estate development should make use of the available legal framework by the government, especially the enactment of the condominium law that is currently in place.Owing to the fact that Rwanda is a small country and remains an attraction to not only repatriating Rwandans but also foreigners attracted by the different opportunities presented in this rapidly growing economy, we cannot afford having expansive bungalows continuing to sprout up, especially in our towns. The culture of procuring condos from flats cannot be overemphasised.

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Investment in real estate remains critical