The Star (Nairobi)

21 November 2012

Kenya: Kamuthi Housing Cuts a Niche in Servicing Land

Kamuthi Housing Co-operative Company has cut a niche in buying, servicing and selling land for development to its members and the public.

Chairman Bernard Maina said the company angled its business model towards real estate in 2008 to tap into the tidings of growing demand from Nairobi residents seeking decent housing.

Kamuthi's latest project is dubbed Buffalo Hills Leisure and Golf Resort, a gated community sitting on 355 acres of land in Kiambu county.

Land buyers at the development will build their own houses on the serviced land which is on sale at Sh2 million for a quarter of an acre.

It will build a clubhouse and golf course. Buyers will get a 10 per cent discount for paying within a week, five per cent within three months and 2.5 per cent within six months. The payment period is up to nine months.

As the master developer, Kamuthi Housing Co-operative will also erect an electric perimeter fence, solar-powered street lighting and arrange for 24-hour security surveillance to guarantee security for the residents.

Ads by Google

Copyright © 2012 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.