Mr Raval is setting up two cement factories at a cost of Sh3 billion.
The task is likely to prove expensive for both the State and the economy.
Kenyan experts will aid formation of home-made solutions to the local housing problems.
Taj Mall, which opened in 2011, is said to have encroached on the road reserve.
Shrinking demand for space has empowered tenants in lease negotiations.
Speculators have shied away from the property class despite its growth outlook.
Land prices in Eldoret town are beyond the reach of most individuals.
Cons have been asking for up to Sh500,000 to negotiate high rates for property.
The firm is seeking to ease portfolio risk and exposure to the stock market.
Influx of cheap Asian imports has undermined local manufacturers' profitability.
Developers will be allowed to build up to 75 floors in high-density areas.
Residents fear pollution and noise from the proposed plant.
The 750 km road runs from Isiolo through Meru, Wajir, and Mandera.