Project News

Phase II of Mandharini Homes Gets Under Way in Kilifi

The Sh4.5 billion project will be completed in the next two years.

Updated on

April 16, 2014

Hello Properties has said the second phase of the Mandharini holiday homes project has started in Kilifi following the encouraging results in the first stage.

The Sh4.5 billion project, which was launched in 2010, is set to be completed in the next two years, but the developer said completion could be done earlier depending on the rate of take-up of the units by buyers.

Mr Ashton Towler, co-founder of Hello Properties said, “ Mandharini is a Swahili word that describes a place with a beautiful view. Our development will have 150 luxury homes with spectacular views of the David Jones Golf Course and Kilifi Creek, which is a sheltered Indian Ocean lagoon.”

Mandharini is tipped to be one of the foremost holiday homes in Kilifi, with 22 units already complete.

“We are building two, three, and four-bedroom luxury homes that will have an abundance of space, light, and natural beauty,” Mr Towler said during the launch of phase two last week.

Each unit on the 150-acre development will be en-suite with ample yard space and a private swimming pool.

The houses are priced between Sh22.5 million and Sh62.5 million, with financing facilities provided by I&M Bank that fully financed phase one of the project.

The development is owned and funded by both private and institutional investors, including the Kenya Tourist Development Corporation, Safaricom Staff Pension Fund – which owns 28 per cent equity, and I&M Bank.