NHC challenged to complete two mega real estate projects on time

By James Kandoya , The Guardian
Published at 06:00 AM Jul 02 2024
Samia Housing Scheme
Photo: File
Samia Housing Scheme

THE Parliamentary Standing Committee on Lands, Natural Resources and Tourism has asked the National Housing Corporation (NHC) to ensure that the Samia Housing Scheme and 711 projects in Kinondoni Municipal Council are completed on time.

Committee Chairman Timotheo Mnzava made the directive in Dar es Salaam yesterday after inspecting the mega real estate projects.

He said that the two projects are among strategic projects that should serve as President Samia Suluhu Hassan’s legacy and therefore must be completed on time.

He said the government has released enough funds to push the ongoing projects, adding that there was no reason for the projects to stop or move slowly.

He commended the government for its decision to resume the construction of the projects, noting that this will contribute more in terms of revenue generation.

In the case of morocco square, the committee chairman said the structure was complete, calling on city residents to rent units.

Geofrey Pinda, Deputy Minister for Lands, Housing and Human Settlements Development, promised to complete the projects on time.

“The government has allocated enough budget for the 2024/2025 financial year. Therefore, we shall ensure NHC completes the two projects on time as planned earlier,” he said.

He said construction of residential and commercial buildings will change the lives of people in the city.

Pinda further called on the public to rent or procure new residential houses in the two projects constructed in the city.

Hamad Abdallah, NHC director general, said that the second phase of the Samia Housing Scheme will start any time after the first phase is completed by 100 percent.

Abdalah said that 100 percent of the apartments at Samia Housing Scheme and 711 apartments had been leased out to tenants while at Morocco squares over 71 percent of the residential apartments had been sold and 98 percent of shops and malls leased.

“The committee has made a big contribution to our success. At this juncture, I would like to thank the committee for its contribution to ensure the real estate sector thrives,” he said.

The NHC’s total assets had reached 5.14trn/- as per the Controller and Auditor General’s report, growing at 12 percent annually for a period of three years consecutively since 2019.