KCCA: 15 more real estate investors yet to receive approvals

The deputy executive director of Kampala Capital City Authority, Eng David Luyimbazi, has revealed that 15 investors with more than 5 million dollars in real estate investments are yet to get permission to construct high-rise buildings in Kampala’s upscale market. He adds the authority is now in plans to create a framework, that will ease the process of acquiring construction permissions for such infrastructure, and that these delays which take up to one year for investors to get necessary approvals, have been a big frustration. Luyimbazi spoke during the groundbreaking of a 22-story building, a 30 million dollar investment by Turkish luxury real estate investment firm Vaal. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda