Tirupati Development Uganda Limited

Tirupati Development Uganda Limited
Private
Industry Real Estate & Construction
Founded 2006
Headquarters Tirupati House
705 Mawanda Road, Kamwookya, Kampala, Uganda
Key people
 Harshad Barot
Chairman
Miraj Barot
Managing Director & CEO
Products Office Towers, Shopping Malls, Condominiums, Apartment Complexes
Total assets US$400+ million (2014)
Number of employees
 2,000+ (2014)
Website Homepage

Tirupati Development Uganda Limited (TDUL), is a privately owned real estate development and construction company in Uganda, the third-largest economy in the East African Community.

Overview

TDUL is a subsidiary of Tirupati Sarjan Limited, an Indian real estate and construction company, whose stock is traded on the Bombay Stock Exchange (BSE).[1] The company has over a dozen real-estate projects in development or under construction in East Africa. Tirupati Development Uganda Limited is unique in its approach to real estate investment and development. It provides the development funding and also internally constructs its own buildings. In June 2014, TDUL won the contract to upgrade and renovate Masaka Regional Referral Hospital for approximately US$4 million (USh:10.6 billion).[2][3]

History

The company was established in 2006. During its first five years of existence, the company developed and constructed four projects: (a) Tirupati House, the company's headquarters located in the Kamwookya suburb of the country's capital, Kampala, (b) Ovino Market, a development in the Kisenyi Area, a former slum in the center of Kampala, (c) Bugoloobi Executive Apartments, an upscale development in the suburb of Bugoloobi and (d) Nkumba Village a mixed-use development consisting of university student hostel and a shopping mall, near the campus of Nkumba University, approximately 8 kilometres (5.0 mi), by road, northeast of the central business district of the town of Entebbe. In 2010, Tirupati was recognized for ‘Introduction of a Novel And Competitive Product In East African Region’, during the 16th Annual Investor of the Year Award Ceremony held by the Uganda Investment Authority. It was in regard to Tirupati's Ovino Market, in Kisenyi, Kampala.[4]

Scope of work

As of November 2014 the following real estate projects have either been completed or are in development by the company:[5]

Name of development Location Country Type Capacity Year completed or completion expected Estimated value (US$) Notes
Namanve Shopping Center KIBP Uganda Shopping Mall 150 Offices 2017
Tirupati Bujumbura Shopping Center Bujumbura Burundi Shopping Mall Offices, Restaurants & Shops 2016
Tirupati Bukoto Shopping Mall Bukoto Uganda Shopping Mall Offices, Shops, Restaurants, Parking & Security 2018
Marina Portbell Apartments Port Bell Uganda Residential Apartments 150 Offices 2018
Tirupati Heights Kampala Uganda Upscale Apartments Apartments 2018
Tirupati New Mazima Kampala Uganda Shopping Mall Retail space, Parking, Security 2019
Tirupati Towers Kampala Uganda Office Complex 150 Offices 2020
Bugolobi Apartments Bugoloobi Uganda Upscale Apartments 14 Luxury Apartments 2020 Condominiums
Mazima Shopping Mall I Nsambya Uganda Shopping Mall Retail shops, Supermarket, Offices & Parking 2012 15 million Opposite American Embassy Sits on 1.2 acres
Mazima Shopping Mall II Kabalagala Uganda Shopping Mall Hotel, Restaurant, Ban Hall 2015 2.1 million Bank of Baroda on Ground Floor
Tirupati Half London Kabalagala Uganda Office Complex Offices 2012 2.1 million
Nkumba University Hostel Nkumba, Entebbe Uganda University Student Hostel 144 Self-contained rooms 2011 3 million Located on 22 acres with lake view
Ovino Market Kisenyi, Kampala Uganda Urban Retail Market 350 retail shops, 50-room hotel, 7 restaurants, parking 2010 10 million
Miami Villas Luzira, Kampala Uganda Luxury Homes 6 Villas, each with 3 ensuite bedrooms 2011 12.1 million
Tirupati House Kamwookya, Kampala Uganda Office Tower 14 Executive Offices & Retail Units 2008 2 million Houses HQ of TDUL

Subsidiary companies

In addition to developing and constructing real estate projects, TDUL has several non-real-estate related subsidiaries, including the following:

  1. Bio-Waste Management Limited - A company that collects and disposes of bio-medical and pharmaceutical waste in an environmentally friendly and safe manner. Offices and disposal facilities located 30 kilometres (19 mi), by road, northeast of Kampala.[6]
  2. Tirupati Agricultural Development Limited - An agribusiness that operates a demonstration farm on 400 acres (160 ha) and maintains a sugarcane plantation on the adjacent 2,500 acres (1,000 ha). Crops on the demonstration farm include pineapples, maize and onions. Located in Kayunga District.

See also

References

  1. ↑ Administrator, . (31 December 2010). "Tirupati, Most Successful Property Developer In Uganda, Fosters A Business And Home Ownership Mentality". The Promota Magazine (London). Retrieved 26 November 2014.
  2. ↑ Kaggwa, Andrew (16 June 2014). "Masaka Hospital To Get 800-Bed Block". The Observer (Uganda). Retrieved 26 November 2014.
  3. ↑ Emorut, Francis (11 June 2014). "Government Earmarks USh10 Billion for Masaka Hospital". New Vision (Kampala). Retrieved 26 November 2014.
  4. ↑ Musinguzi, John (10 February 2010). "Tirupati: The Regional Leader In Novelty". The Observer (Uganda). Retrieved 26 November 2014.
  5. ↑ TDUL, . "Projects: Tirupati Properties In Uganda". Tirupati Development Uganda Limited (TDUL). Retrieved 26 November 2014.
  6. ↑ TDUL, . "Biomedical Waste Management Uganda Limited". Tirupati Development Uganda Limited (TDUL).
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