This archive report was first published on 25 November 2019.
As the year 2019 draws to a close, investors are looking for the best ways to end the year with a plot of land. And one area that stands out is Kangundo Road, which has seen unprecedented growth in recent years.
Located between Nairobi and Machakos counties, Kangundo Road has experienced a surge in property development, with investors putting up housing projects, both for rental and sale. The area is dotted with maisonettes, bungalows, and storey flats, and more buildings are under construction.
Real estate companies have also set up shop in the area, offering flexible payment terms to buyers. One such company is Fanaka Real Estate, which has established itself as a preferred choice for many Kenyans looking to acquire land.
Founded in June 2016, Fanaka Real Estate is located along Kangundo Road in Ruai Town and offers plots for sale at affordable prices. For instance, the company sells an eighth (1/8) of an acre in satellite towns such as Kamulu, Joska, and Malaa at prices as low as Sh. 399,000.
According to Moses Muriithi, the founder and director of Fanaka Real Estate, the company's plots are suitable for immediate development, with amenities such as water, electricity, and all-weather roads. Muriithi adds that the company offers flexible payment options, including installments for both individuals and chamas.
"This has enabled us to accommodate even people with irregular income, business people who will definitely make money and be able to pay within the agreed period," says Muriithi.
