TANZANIA DIASPORA FORUM IN LONDON, UNITED KINGDOM TANZANIA DIASPORA FORUM IN LONDON, UNITED KINGDOM ( 18TH APRIL, 2008) ( 18TH APRIL, 2008) INVESTMENT/OPPORTUNITY OF ACQUIRING A HOUSE/FLAT IN INVESTMENT/OPPORTUNITY OF ACQUIRING A HOUSE/FLAT IN TANZANIA THROUGH NATIONAL HOUSING CORPORATION TANZANIA THROUGH NATIONAL HOUSING CORPORATION
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TANZANIA DIASPORA FORUM IN LONDON, UNITED KINGDOM TANZANIA DIASPORA FORUM IN LONDON, UNITED KINGDOM
( 18TH APRIL, 2008)( 18TH APRIL, 2008)
INVESTMENT/OPPORTUNITY OF ACQUIRING A HOUSE/FLAT IN INVESTMENT/OPPORTUNITY OF ACQUIRING A HOUSE/FLAT IN
TANZANIA THROUGH NATIONAL HOUSING CORPORATIONTANZANIA THROUGH NATIONAL HOUSING CORPORATION
BACKGROUNDBACKGROUND
�� NHC was established by the Act of NHC was established by the Act of
Parliament No 2 of 1990Parliament No 2 of 1990
�� It is wholly government owned It is wholly government owned
Corporation, that operates commercially.Corporation, that operates commercially.
�� Owns 2534 buildings which Owns 2534 buildings which
�� Shops/Office Block Shops/Office Block –– SHINYANGA,TABORA and KIGOMA.SHINYANGA,TABORA and KIGOMA.
�� Joint venture projects Joint venture projects
Why Choose NHC?Why Choose NHC?
�� TrustTrust
�� Long ExperienceLong Experience
�� Good Track RecordGood Track Record
�� Quality HousingQuality Housing
�� Financial stabilityFinancial stability
�� Owns plots in prime locations.Owns plots in prime locations.
How to acquire NHC Built HousesHow to acquire NHC Built Houses
�� Application by a potential buyer.Application by a potential buyer.
��Specifying location, type, size, mode of payments.Specifying location, type, size, mode of payments.
�� NHC will provide information on location, designs, tentative priNHC will provide information on location, designs, tentative pricece
�� Upon the buyersUpon the buyers’’ commitment, NHC will prepare an agreement to commitment, NHC will prepare an agreement to be signed by both parties.be signed by both parties.
�� On completion of construction of the house and full payment by tOn completion of construction of the house and full payment by the he buyerbuyer
��The corporation will hand over the house to the buyerThe corporation will hand over the house to the buyer
��NHC will arrange for the buyer to obtain the title deedNHC will arrange for the buyer to obtain the title deed
�� NHC shall be liable for any construction defects detected withinNHC shall be liable for any construction defects detected within 6 6 months after handing over.months after handing over.
REAL ESTATE INVESTMENTREAL ESTATE INVESTMENT
�� Tanzania is a safe investment destinationTanzania is a safe investment destination
�� Demand for real estate is very highDemand for real estate is very highoo Current shortfall for housing is estimated at 3m units and Current shortfall for housing is estimated at 3m units and
is rising every year.is rising every year.
�� Land is available in all urban areas and Land is available in all urban areas and
investment policy is conducive.investment policy is conducive.