Real Estate Sector in Uganda: Pradip Karia Presents Property Services Limited

Pradip Karia, Chairman and Managing Director of Property Services Limited, a leading commercial, industrial and residential property developer in Uganda, presents Property Services.

“Our major focus has been on the commercial and industrial side. On the commercial side, we have expanded affordable retail space to the upcoming business houses. How many people here can afford large spaces? It is important to tailor make spaces that are affordable for people to operate in. They can start in a small space and then incubate into a larger space. The growth creates that environment into the business. You go from the incubation into the next stage. We also have people using our spaces for industrial development. Some of these people who were retailers now are manufacturers. You must move with the market. There is a requirement in the market for residential, commercial, and industrial. We even need leisure complexes. Uganda is an upcoming country now due to the government providing a conducive environment. The country has been blessed with a good president that is pro business. He is trying to put an emphasis on making use of our own resources. He would also like to see development of the country. Instead of people living in grass thatched houses, he wants them in properly built houses. This transformation is actually happening. If you see what was there 30 years ago compared to what is there today, you would appreciate the change that has transpired in this country”, says Pradip Karia.

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