Speaking with IGIHE, DND Developers Managing Director, Eng. Daniel Mehari, said that the company was trying to respond to the needs of the time, as currently, small and less expensive houses were very sought-after.
"We are currently going through plans for the third phase of our project which is a set of cheaper, and more affordable units than the ones that we are currently selling to the public,” says Eng. Mehari.
The recently completed -and currently on sale- batch of multi-stored 12 Luxury apartments located in Nyarutarama, Gasabo District, constitute the second phase of the project. The 10 houses in the first phase were all sold out, according to Eng. Daniel Mehari.
Each of the 12 multi-stored Luxury apartments on prime area are at affordable price; between Rwf60 and 70 million.
The less expensive houses that will comprise the third phase of the project, will be affordable to everyone, as they will be standing between Rwf25 and Rwf40 million.
Eng. Mehari says that DND Developers came up with a resolution that will facilitate its clients, in means of payment.
“Usually, our clients are allowed to pay in installments within six months. The new spark is that for those who need further time to pay, we are now linking them to our banks, which in turn, allows them loans.”
In a housing market study done by the Rwanda Housing Authority, 560 000 affordable housing units were urgently needed by 2020, so as to have 35% of Rwandans well settled in cities.
According to RHA, these housing units would be affordable for people who earn between Rwf50 000 and Rwf900 000 on a monthly basis. Each unit also must be having two or three spacious rooms that should not be above Rwf30 million.
Established in Rwanda in 2015, DND Developers Ltd seeks to contribute to the country’s development through changing habitation.