An ongoing Watumishi Housing Investments project in the city of Mwanza.
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
By Valentine Oforo, Dodoma
TANZANIA’s real estate industry is set for major facelift with plans by Watumishi Housing Investments (WHI), a property developer and licensed fund manager, now putting extra efforts on building more best-designed low cost homes that reflects the public needs.
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 Dodoma, the country’s capital.
According to the Chief Executive Officer of the state-owned real estate developer, 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.
“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.”
According to CEO Msemwa, the focus is to offer 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 core of its mandate, Maryjane Makawia, the WHI Communication Specialist, acknowledged that this year plans are underway to ensure more Tanzanians become house owners.
“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.
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.
