This archive report was first published on 11 December 2019.
As the year 2019 comes to a close, investors are looking for opportunities to boost their portfolios. One asset that has proven to be a good investment is land, particularly plots along Kangundo Road.
With growing demand for land, prices have skyrocketed, leaving only a few pockets with affordable land that makes economic sense. However, Fanaka Real Estate Limited has emerged as a reliable provider of affordable land along this route.
Started in June 2016, Fanaka Real Estate has established itself as a provider of genuine and affordable land. The company's director, Moses Muriithi, says, “All our properties are genuine and have ready title deeds.”
What sets Fanaka Real Estate apart is its flexible payment plans, allowing a down payment and monthly installments. This makes it possible for low-income earners to acquire land and build a home.
The company has land in various areas, including Ruai, Joska, Kamulu, and Malaa, which are among the fastest-growing urban centres near Nairobi. These areas are experiencing unprecedented growth as investors build houses, both for rental and sale.
According to Mr. Muriithi, it takes only 21 days to get the title deed once a customer buys a plot. The company also offers daily site visits to buyers so that they can see and feel what they are buying.
With the expansion of Kangundo Road into a dual carriage, the prospects for this area are certainly enhanced. This makes it an area to consider as you make your year-end investments.
