Friday, 31 May 2013

New Sh1.6b estate for Kisumu city

New Sh1.6b estate for Kisumu city

New Sh1.6b estate for Kisumu city

 

: The People

By Dickson Odhiambo
Kisumu County is set to witness its first major boost in the real estate industry which is expected to be highly beneficial to the residents. The Kisumu Real Estates Company has stepped in with a flexible and affordable approach to land acquisition and housing construction within a well planned environment. They have unveiled the first postelection housing development within the region, dubbed New Milimani West.
Speaking to Property Weekly, Kisumu Real Estates director Wycliffe Abok says Milimani West is a new concept born out of the need for affordable housing in the western Kenya region. “Milimani West will now be a development of 378 plots all measuring 0.02 hectares each, located on 60-acres in Kisian/ Kapuonja within Kisumu West Constituency,” says Abok.
The director says the entire project will cost Sh1.6 billion in all the four phases during its implementation. Situated 10km from Kisumu City centre and 500 metres off the tarmac highway at Kisian Railway Crossing on Kisumu- Maseno Road, the estate involves four phases, all with different unique features.
Phase One is located at the foot of a hill, with a house design for three bedroom masionnetes, parking for three vehicles, a kitchen garden and front garden. Phase Two has similar features but what makes the difference is that the house design is for a four-bedroomed massionette located on the lower part of the slope with a beautiful view of Lake Victoria and Kisumu Town, Abok explained.
He says on the upper part of the hill where the land has been identified will be built Phase Three, with a similar house design to Phase Two but with more space allowance due to the nature of the terrain. This phase offers a clear view of the lake, Kisumu town and parts of Kisumu International Airport. Abok says Phase Four is the most lucrative, situated on the upper part of the slope and plateau of the hill.
The house design consists of a four-bedroomed luxurious massionettes, with parking for four vehicles, a kitchen garden and a front garden. “Tthe houses will be built on three levels, ground floor, first floor and an attic for the master bedroom which will enjoys a complete panoramic view of Kisumu City, Kisumu Airport, Lake Victoria and the surrounding beautiful hills,” he notes. The project is a controlled development within a scheme approved by the County Council of Kisumu.
Each plot will have a title deed and is acquired as a fully serviced product. He says a purchase package includes the cost of the plot, title, house designs, architectural and structural drawings, bills of quantities, roads access, piped water, sewer line services with a waste digester and a common perimetre security fence wall. Amenities will also include a school, a shopping mall, resort, sports ground and four swimming pools. Kisumu Real Estates was started three years ago to specialise in property for sale, land and plots for sale within Kisumu County.
The company has been keen to satisfy the needs of those on a tight budget by availing affordable yet still very valuable land and properties whether for purchase or rental. The firm is providing land to clients for the various phases. Under Phase One, 0.02 hectares is going for Sh65,000 and the highest is Sh250,000 after which buyers are expected to build according to the firm’s architectural plans. Sections of land have also been sold out in other phases in readiness for development.
“Our main aim is to attract investors ready to invest more than Sh2 billion”. He says the firm has engaged financial institutions to help in loaning clients interested in the project. “For our part, we will provide clients with roads, sewer lines, water and electricity as well as ensuring that the estate is secure,” he adds. Abok says the idea of the Mlimani West was mooted two years ago with an aim of targeting the lower and middle income earners who have interests in putting up their investments in real estates. The project was officially launched by Kisumu businessman, Mr Abdul Omar last weekend and construction work expected to begin in first week of June.

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PHOTO KISUMU This is how Nyamasaria Interchange now under construction will look like upon