NHC lowers land plots prices at Arusha Safari City Project

20Jun 2020
The Guardian Reporter
The Guardian
NHC lowers land plots prices at Arusha Safari City Project

THE National Housing Corporation has lowered the selling rate of its land plots by 40 percent at the Safari City Housing Project in Arusha Region.

This was revealed yesterday by Arusha Region NHC manager Ladislaus Bamanyisa when presenting the report on the project’s implementation to the Deputy Minister for Lands, Housing and Human Settlements Development Dr Angeline Mabula during her inspection visit of NHC projects and other activities in the lands sector in Arusha Region.

Bamanyisa said the decision to lower the selling rate in the project follows to sluggish sales of the land plots for the period of July to December 2019 during which NHC sold only six plots due to what he said was economic hardship.

He said for Arusha Region the new rates endorsed are 21,000/- for each square metre down from 35,000/- for residential plots whereby the rate will be 27,000/- per square metre down from 45,000/- per square metre, for commercial plots.

He said since the launching of the project in June 2016 NHC has sold a total of 589 plots valued at 13,097,198,200/- and collected 7,981,887,540/- or 61 percent of total sales.

However, he said in the Fiscal Year 2019/20 NHC sold 122 plots valued at 2,058,113,600/- and collected 453,952,600/- and added that the remaining plots to be sold are 1,252.

Dr Mabula has called upon the NHC to increase the pace in the completion of the Safari City Project by installing infrastructure to realise NHC aims.

She said the NHC must ensure the project site has robust infrastructures including those for water, roads and power to attract plots buyers, and added that the lack of such infrastructures contributes to many potential buyers shying away.

She also directed the NHC to advertise Safari City Project via Television and radio programmes to enable the people know of its existence and attract them to buy plots.

She also told the NHC to look into the possibility of selling the plots to public servants and pay for them in installments.

Safari City Project of 587.03 acres with more than 2,141 land plots was initiated by the NHC to assist in the development and supervision of Arusha City Master Plan.

It proposes diverse and flexible layout offering alternatives for different purchasing groups such as mixed use developments, retail and office developments, residential projects (High End & Affordable Housing), Educational Zone, Green Zone and vast area for public utilities.

The perfectly landscaped surroundings will make this city one of the greatest metropolitan lifestyle destinations in the area.