TYCOON SUDHIR CAUTIONS INVESTORS AGAINST BORROWING TO START REAL ESTATE BUSINESS

By www.mknewslink.com

In Kampala—

Dr. Sudhir Ruparelia was among the guests at the Uganda Revenue Authority (URA) 2021 Tax Payers Appreciation Awards that saw dozens of companies, individuals and government agencies scooping awards in different categories.

At the event, mogul Sudhir who was among the sponsors of these awards lectured about real estate development, a lucrative business he understands better than any other one else.

Sharing his experience in real estate development at one of the series of Authority’s e-Bomba Ya Business Summit, Sudhir noted that Real Estate has the power to bulldoze through biting inflation which in fact many sectors can’t thus urging investors not to take the business for granted.

However, Sudhir cautioned investors against borrowing to start the real estate business. The entrepreneur who built Ruparelia Group brick by brick said;

“First, try and grow according to the cash flow you have and are creating. It is probably the best option. Because the truth is said, opportunities come all the time, especially when you have good cash flow. Take those opportunities.”

In the same vein, the tycoon informed Ugandans interested in the real estate business that so long as you have made the right plan, over the years your building or land value will grow massively.

“Allow some form of organic growth. So long as you have a good amount of cash flow coming in, you mainly need to focus on the right location and the right plan, that’s all,” said Sudhir adding, ”just invest and plan right.”

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