Developer Unveils Sh5.6bn Kisaju Plains Estate

Property developer Urbanis Africa has unveiled its second real estate development in Kajiado County, as it seeks to meet the rising demand for affordable housing in the country.

The firm has entered into a joint venture with a land owner to develop Kisaju Plains Estate – a gated estate of 800 homes on 115 acres adjacent to Kisaju View Park Estate.

According to Wagane Diouf, Urbanis Africa’s chief executive officer, the firm will invest Sh500 million in the joint venture that “will be an innovation in the real estate market in Kenya”.

Under the development, prospective home-buyers will purchase one-eighth acre plots with ready titles at a starting price of Sh420,000 per plot. They will then choose one of the four options of pre-approved plans and enter a construction programme.

The options are a 3-bedroom executive bungalow, 3-bedroom townhouse, 4-bedroom townhouse, and 4-bedroom townhouse with staff quarters.

“The houses will be ready for occupation within 18 months. Urbanis Africa will handle the design and construction of the houses through its subsidiary, Urbanis Studio,” Diouf said, adding the approach offers low entry costs and ample time to build.

RELATED: Kisaju View Park 4 Kicks Off, Set for Dec Completion

Urbanis’ financing advisory unit Financing Solution Point will guide home buyers on financing, according to the firm’s head of sales and marketing Cathy Warega.

Urbanis Africa is currently managing several affordable housing developments, including the Sh5 billion Kisaju View Park – a mixed-income community targeting 2,000 homes and 1,164 commercial units in the Kisaju area of Kajiado County.

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