This archive report was first published on 17 October 2019.
On September 29, 2019, Karibu Homes Marketing Executive Kevin Ndungi welcomed home buyers to the company's stand at the Home Expo at KICC in Nairobi.
At the Africa Property Investment Summit and Expo in Johannesburg, South Africa, Karibu Homes has been voted the Best Affordable Housing development in Africa. This is the second time for the Kenyan firm to bag this award in three years.
The API award is the fourth prize the firm has won for its Riverview project in Athi River. The affordable housing award is given to a project that features amenities typically associated with high-end developments, such as 24-hour security, shops, and sports facilities, but at prices that are affordable to a broader segment of the population in the given area.
According to the company's founder and Managing Director Ravi Kohli, many homeowners at Riverview have a household income below Sh50,000, while the other half has an income below Sh100,000. However, they share the dream of homeownership.
“We believe everyone has the right to decent and affordable homes. We are very pleased to receive this recognition of our efforts and will continue to strive to meet our goal,” said Kohli.
A two-bedroom home in the estate starts from Sh3.56 million. The company develops large-scale affordable housing communities in an effort to broaden home ownership within Kenya.
It has been recognized by the London Stock Exchange as one of 360 Companies to Inspire Africa. It recently launched Amana Hills in Kiambu.
