This archive report was first published on 5 September 2019.
Located in Kiambu County, The Zaria Village is a 124-acre gated family-oriented real estate project, launched by Safaricom Investment Co-operative (SIC) on September 5, 2019.
The project, which occupies 124 acres of land, is subdivided into 331 plots, each ¼ of an acre. SIC has partnered with Palm ridge and mortgage offering banks such as KCB and CBA to ensure the project's completion within the next six months.
Each plot is priced at an initial cost of Kshs 6.95 million, with the highest price at Kshs 7.35 Million. The project targets middle and upper-middle-income earners, with an extension to Kenyans in diaspora looking to build homes in Kenya.
Interested investors can choose from four different house plans dubbed The Zara, The Zaira, The Zayana, and The Zazi, each with unique interior and exterior designs.
Apart from residential units, The Zaria Village will also feature two recreational areas, a clubhouse, spa, a 30-metre swimming pool, an education centre, and a mini shopping complex.
Early investors will receive a 5% discount on the land purchase price. An open day is scheduled for September 14, 2019, where potential clients can access the plots, plans, and location.
SIC was established in 2009 under the Cooperatives Act Cap 490 to pursue investments in real estate, private equity, agribusiness, and quoted securities. The cooperative has 129 projects already in the market, translating to 8000 project units in the form of land and housing.
