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Real Estate Mogul Sudhir Ruparelia Acquires Lotis Towers in Kampala’s Prime District

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  • His legal representatives issued a notice to the tenants delineating the transfer of ownership from the Freehold Register Volume KCCA 40, Folio 23, Plot 16, Army Avenue, Nakasero, Kampala, following a public auction orchestrated by DFCU Bank Ltd via their auctioneers Jubilee Auctioneers to Dr.
  • Moreover, all rent and any outstanding dues are to be remitted irrevocably to the new landlords, with no cash transactions permitted.

Renowned real estate tycoon Sudhir Ruparelia has acquired Lotis Towers, a prestigious multi-million dollar edifice nestled in Kampala, the evergreen city.

Standing tall at 14 stories high, this upscale establishment, situated at Plot 16 MacKinnon Road, Nakasero, exchanged hands to the city’s astute businessman through dfcu Bank. Mr. Sudhir confirmed his acquisition of the property through a competitive auction process.

“Yes, it’s accurate that I procured it through an auction. The property has been seeking a new owner for quite some time,” he affirmed to our platform.

On May 2, 2024, Mr. Ruparelia duly informed the tenants of the transition in ownership. His legal representatives issued a notice to the tenants delineating the transfer of ownership from the Freehold Register Volume KCCA 40, Folio 23, Plot 16, Army Avenue, Nakasero, Kampala, following a public auction orchestrated by DFCU Bank Ltd via their auctioneers Jubilee Auctioneers to Dr. Sudhir Ruparelia and Jyotsna Ruparelia.

Henceforth, all tenancy affairs will be overseen by the new landlords, as stipulated by his attorneys. Tenants were instructed to submit their current signed tenancy agreements along with proof of up-to-date payments to regularize their tenancy under the new ownership. Moreover, all rent and any outstanding dues are to be remitted irrevocably to the new landlords, with no cash transactions permitted.

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Previously owned by real estate magnate Samuel Lotigo, Lotis Towers accommodates some of Kampala’s leading enterprises, including Cairo Bank, British American Tobacco (BAT), and the Judicial Service Commission (JSC).

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