Tirupati Development Progresses Namanve Business Park ; Plans Mbarara Industrial Expansion
World Business Journal talks to Miraj Barot, Joint Managing Director of Tirupati Development, about the progress of the Tirupati Business Park in Namanve, the strategic plans for expansion into Mbarara, and the importance of the proposed Real Estate Bill 2024 for harmonising development in the sector.
What upcoming projects is your company working on?
We are currently developing the Tirupati Business Park Namanve, an industrial complex strategically situated on an 8.5-acre site that we aim to complete by Q1 2026.
This development will feature a variety of facilities designed to support small- to medium-sized enterprises and small-scale manufacturers. The park will include modern showrooms, versatile office spaces, and an expansive warehouse facility with 80 units, offering a total of 10,000 to 12,000 square meters of leasable space.
Namanve offers distinct advantages over Kyebando, primarily due to its direct access from the main road. In contrast, reaching Kyebando requires navigating a narrow internal road, despite both being connected via the Northern Bypass.
We will ensure ample parking facilities, recognising their importance for efficient logistics and operations in industrial areas. These considerations are crucial for providing easy access for transport vehicles, enhancing the ease of deliveries and dispatch, and maintaining smooth operations without disruptions.
Plans are in progress to expand our presence to Mbarara City, positioned in the western part of Uganda. This city is strategically positioned for trade due to its proximity to the borders of Rwanda and the Democratic Republic of the Congo.
The new development will mirror our previous projects, spanning 10 hectares. It will feature approximately 100 warehouse units and showrooms, with 10–15% of them designated as cold storage units to support the perishable goods sector. Construction is scheduled to commence in the first quarter of 2026.
What are your thoughts on the proposed Real Estate Bill, 2024?
The proposed real estate bill aims to increase transparency and accountability within the real estate sector.
Incompatible developments, such as bungalows next to high-rises, can diminish property values and reflect poor planning.
Effective regulation ensures harmonious development. Regulations should be adaptable and updated regularly, making the proposed Real Estate Bill a promising advancement for the sector’s growth.
