Wednesday, December 3, 2008

Real Estate development on the outskirts of Dar city takes a new turn

TANZANIA is now catching up with the development of real estate. The housing development schemes have to a greater extent contributed to the development of the country’s economy with the city of Dar es Salaam taking the lead in the sector. This follows the provision of plots which were recently distributed and sold to the people in planned areas which covers about 20,000 hectares of land set apart on the outskirts of the city.

THE City of Dar es Salaam is growing with high rise buildings being constructed in a more magnificent scale, like this one here at the junction of Morogoro Road and Bibi Titi Mohammed. This shows that Real Estate industry is growing up rapidly in the country. With its escalating number of both commercial and residential flats, the sector has shown up a boom.

Unlike before, the sector in the country was not picking up. According to real estate agents, the national policy of land annexation is a great impediment to the development of this industry to some parts in the country. Stakeholders have been asking the government to make the availability of land with ease without tough conditions so as to develop the sector even in rural areas.

Dar es Salaam city is rapidly changing with the newly built structures coming up in a more magnificent scale. This shows that, the real estate industry in the country is booming. With its escalating number of both commercial and residential flats, the sector has shown up a boom.

Among the major key players in the on-going real estate boom in the city and even in up-country regions is turning out to be none other than the Tanzania Building Agency (TBA) which is currently constructing houses for government staff in the country. Above is one of the blocks owned by the agency in Kinondoni district, in Dar es Salaam region.

A modern house built at Bunju village about 32 kilometers away from the city of Dar es Salaam. The recent provision of land space to the people by the Ministry of Lands and Human Settlements in reserve areas is a one step forward that ensures the development of human settlements which is gaining a momentum with the construction of new residential modern buildings like this one here in the above photo.

Salasala is one of the newly developed areas on the outskirts of the Dar es Salaam city, the area is booming in real estate development following the construction of a tarmac road across the hilly areas which is now being inhabited by people. To get a plot, one has to pay between USD 50,000 and 80,000 depending on the size of the plot itself.

No comments: