BRD’s Ndera Affordable Housing Project seeks to provide 1,750 units in Ndera Sector of Gasabo District, not far from the Kigali Special Economic Zone.
The entire project will cost $35 million to avail 5,000 units on an area of 19 hectares.
The units include apartments of two bedrooms and a laundry room at the prices between Rwf27.3 million and Rwf32.76 million each, three bedrooms and a laundry room at Rwf41,160,000, and three to four bedrooms duplex villas costing between Rwf50.4 million and Rwf57.12 million each.
“To increase urbanisation at rate of 35% by 2020, the Government of Rwanda in partnership with Morocco investors is planning to avail 5000 housing units starting with phase 1 of 1,750 Housing Units dispatched in the different categories with their respective prices,” reads part of BRD’s statement.
The investor is Groupe Palmeraie Développement, one of the Moroccan leaders of Real Estate development and hotel management.
The statement reads that eligible buyers are non-home owners with a monthly net salary between Rwf200,000 and Rwf1.2 million. This can be a combined income for spouses or one income for a single person.
The booking has started and interested people must have the 5% down payment ready to be paid at the completion of the units.
“Once the required minimum bookings are reached, the entire 1st phase (1,750 units) will be constructed at once,” it reads.
According to the statement, the site will have good roads, parking lots, local shops and green space, among other facilities.
Around 1,000 housing units are developed in the City of Kigali annually while the demand requires 31,000 units.
Leave a Reply