In October 2021 CGK Constructions and Real Estate Private Limited Belagavi, (C-Care), signed a memorandum of understanding (MoU) with the Rwanda Housing Authority (RHA) to build 6000 homes with an investment of about Rs. 1500 crores at Kigali, Rwanda (East Africa).
CGK Constructions and Real Estate Private Limited Belagavi are owned by Chaitanya Kulkarni who is also the state President of CREDAI, Karnataka currently.
The 6000 odd homes that would be built at Kigali are meant for the government servants and commoners and all the homes would be under affordable housing.
The project envisages the construction of 6000 affordable houses on 35.7 hectares of land which is near the Kigali International Airport. The Rwandan government had first contacted Kulkarni in 2017 when two of his apartments were rated 7 and 6-star by the global rating company CRISIL. Due to COVID, the project has been delayed but the same is now likely to start in the next 9 months.
Chaitanya Kulkarni said.
It is a matter of pride that our company has been selected for the same and this will also help to enhance the bilateral relations of these two countries, added Kulkarni.