This archive report was first published on 30 June 2021.
On June 30, 2021, Maisha Developments marked a significant milestone in the real estate sector by breaking ground on 259 apartments within the Tilisi master-planned development located in Rironi, Limuru.
The development, which is part of phase one of apartment schemes Maisha Mapya and Maisha Makao, will offer nearly 600 apartments on completion.
According to Kavit Shah, CEO of Maisha Developments, the two and three-bedroom apartments will be completed within two years and offer a new level of value for first-time and more established buyers.
"These two schemes offer a new level of value for first-time and more established buyers, with apartments that start at just Sh4.4m, but come with gardens, swimming pools, gyms, sports courts, club houses, convenience shops and private parking spaces," Shah said.
The apartments also offer a low-cost way into the Tilisi development itself, which is characterized by parks and green spaces, jogging and cycling circuits, as well as a school, shopping mall, and many acres of stand-alone villas.
"Covid-19 has certainly hit buying power, but whenever real estate demand dips it is the least attractive property that ends up unsold in a thinner market," Shah added.
The current pandemic has also favoured outer Nairobi as more people have moved to working from home or working fewer days in offices, increasing the appeal of the lower costs and greater space beside the city's ring roads.
