Bidders must demonstrate their ability to raise at least 70pc of construction costs.
The estate comprises 30 Swedish style villas set on 8.5 acres of land overlooking Lake Victoria.
The project will involve upgrading Outering Road from a single lane to a dual carriageway.
Two overseas firms have spread their wings into Kenya in the past three months.
The houses are selling off-plan for between Sh9.25m and Sh10.5m.
The 88,000-sq.ft office park is expected to be completed in the first quarter of 2016.
The project will cost an estimated Sh250 billion ($2.5 billion).
The project is back on track after months of re-assessment of its development strategy.
The ambitious project is expected to greatly raise the profile of Machakos County.
This technology also reduces period of home building from 12 months to six months.
A developer has begun construction on the disputed land.
The new land rates took effect on January 1, 2025.
The 24 biggest construction stories of 2024 that you shouldn't miss.