WHI Aspires To Revolutionize Tanzania’s Housing Sector -

By STAFF REPORTER

TANZANIA’s real estate sector is
likely inching towards joyous time as the Watumishi Housing Investments (WHI)
plans to bring about major revolution in the key sector within 2024.

The plans, among others focus
efforts to build more best-designed homes in reflection to the public needs, to
be available at affordable prices.

The company is now implementing the
second phase of the Public Servant Housing Scheme (PSHS), the major project
which entails construction of a total of 1000 units in different regions,
including Dar es salaam, Mwanza, Morogoro as well as the country’s capitals of
Dodoma region.

According to the Managing Director
of the state-owned real estate developer entity, which has so far emerged as a
game-changer in the Tanzanian housing sector, Dr Fred Msemwa, the vision is to
further revolutionize the way homes are built, priced, and made accessible to
the public.

Working with the high commitment to
affordability and innovation, Dr Msemwa said WHI has significantly transformed
the landscape of homeownership in the country.

“One of the key aspects that
set WHI apart is its dedication to providing homes at prices that are
approximately 30 percent lower than those offered by other players in the
sector,” he expressed.

He was giving an exclusive interview
over the WHI achievement in the country’s real estate sector during the past
year, as well as plans by 2024.

And he added, “This commitment
to affordability has made home ownership a realistic goal for many Tanzanians,
particularly public servants who may have previously found it financially out
of reach.”

The WHI’s director unveiled that, be
it landed properties or apartments, the focus was to offers a diverse range of
choices, catering to the different preferences and needs of potential buyers.

“Central to WHI’s approach is
its provision of various financing options tailored to suit the needs of
potential home owners,” he added.

To ensure the company continues to
stand at the country’s real estate apex, the WHI Communication Specialist,
Maryjane Makawia communicated that, in this year, more intervention will be
done to ensure more Tanzanians are becoming house owners.

She informed, the move will possibly
be accomplished through a range of helpful schemes, such as Tenant Purchase
(Hire Purchase), “With low-interest rates and progressive payments,
including zero percent interest payments during the construction period, WHI
will make the dream of owning a home a tangible reality for many,” she
said.

Makawia added that, WHI’s properties
are designed with practicality and convenience in mind. Ample space for parking
and other activities is a hallmark feature of WHI developments, ensuring that
residents enjoy a comfortable and functional living environment.

She unveiled that pricing of WHI’s
properties ranges from 40m/- to 98m/, making them accessible to a broad
spectrum of buyers.

“This pricing strategy, coupled
with flexible financing options, further enhances the accessibility of
homeownership and contributes to WHI’s reputation as a leader in the
sector,” she insisted.

Moreover, Makawia said in addition
to homeownership opportunities, WHI also caters to the rental market, further
expanding access to affordable housing options.

“Rental properties offered by
WHI are priced between 150,000/- to 300,000/- per month, which payable on a
monthly basis,”

“This pricing structure ensures
that rental accommodations are within reach of the working class, providing them
with a secure and comfortable living environment,” she boasted.

WHI’s reach extends across the
country, with properties located in key cities such as Dodoma, Dar es Salaam,
Mwanza, and Morogoro.

The wide geographic coverage ensures
that individuals from various regions have access to quality housing options at
affordable prices.

Through its commitment to
affordability, innovative financing options, and quality developments, WHI
continues to set the standard for excellence in the industry, empowering
individuals and families to realize their dreams of owning a home.

Due to the company’s working
excellence, the African Company of the Year Awards (ACOYA) recognised WHI as
the best Property Developer of the year 2023.