NAIROBI, Kenya, Aug 20 – Kangundo road remains one of the most popular places for Kenyans seeking to buy land for building or for investment purposes.
The area is home to one of the most populous Nairobi suburbs, Ruai, which according to land experts is among the areas in Nairobi metropolis with the cheapest land price.
“Kangundo Road is set to become the city’s next big settlement destination, as well a leading investment area, mainly because it accommodates those working in Nairobi County as well as those working in Machakos County,” Daykio Plantations Business Development and Marketing Manager Purity Kagendo Makau said.
The company is one of the few real estate companies in the country that have set out to house middle income and lower middle-income earners in the country.
Data from UN Habitat puts the housing deficit in Kenya at 2 million, and estimates that the number grows early by about 200,000 units.
“With this project, we hope to solve the country’s deficit and help those who are renting have their own homes. That is our vision with this project as has been with our past Kantafu project that was also in this area,” Kagendo said.
That is what the company hopes to do with its Koma View Estate, a controlled development project located off Kangundo road in Machakos County.
The company is selling 1/8-acre plots at Sh650,00, with a payment plan of 18 months.
Its features includes water and electricity, as well as social amenities such as a police post, dispensary and shopping centre among others.
The project is 26 kilometers from the Eastern Bypass aand 3.5 kilometers off Kangundo Road from the Junction of Koma Market and Mitaboni Road.
“We have added value to our projects. This includes installing water and electricity which would otherwise be very costly to our customers to install,” Kagendo said.
Also read: How one real estate firm is settling Kenyans of all walks of life