Sudhir Ruparelia has secured ownership of Lotis Towers, a prestigious multi-million dollar building nestled in the heart of Kampala. <\/p>\n\n\n\n
The transaction, facilitated through dfcu Bank, marks a significant development in the city’s property landscape.<\/p>\n\n\n\n
The 14-story upscale edifice, prominently situated at Plot 16 MacKinnon Road, Nakasero, has long been revered as a symbol of architectural excellence and corporate sophistication. Confirming the purchase, Mr. Sudhir revealed that the acquisition transpired through a rigorous auction process, elucidating the building’s prolonged tenure on the market.<\/p>\n\n\n\n
“It is true I bought it after an auction. The building has been on the market for a long time,” affirmed Mr. Sudhir in an exclusive statement to this publication.<\/p>\n\n\n\n
On May 2, 2024, Mr. Ruparelia formally apprised tenants of the change in ownership, signaling a new chapter for Lotis Towers. In a communiqu\u00e9 issued by his legal representatives, tenants were duly notified of the transition and instructed to direct all future dealings to the new landlord.<\/p>\n\n\n\n
“This serves to communicate that property in Freehold Register Volume KCCA 40, Folio 23, Plot 16, Army Avenue, Nakasero, Kampala was sold pursuant to a public auction by DFCU Bank Ltd through its auctioneers Jubilee Auctioneers to Dr. Sudhir Ruparelia and Jyotsna Ruparelia,” stated the notice from Mr. Sudhir’s attorneys.<\/p>\n\n\n\n
The missive further outlined procedural guidelines for tenants, emphasizing the imperative of updating tenancy agreements and remitting rent payments exclusively to the new proprietors.<\/p>\n\n\n\n
Lotis Towers, previously under the ownership of real estate luminary Samuel Lotigo, has served as a bastion for several esteemed entities, including Cairo Bank, British American Tobacco (BAT), and the Judicial Service Commission. The acquisition by Mr. Sudhir heralds a new era of stewardship for this architectural gem, promising continued prosperity and innovation in Uganda’s commercial landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sudhir Ruparelia has secured ownership of Lotis Towers, a prestigious multi-million dollar building nestled in the heart of Kampala. The transaction, facilitated through dfcu Bank, marks a significant development in the city’s property landscape. The 14-story upscale edifice, prominently situated at Plot 16 MacKinnon Road, Nakasero, has long been revered as a symbol of architectural […]<\/p>\n","protected":false},"author":4,"featured_media":3157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3156","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n