NACHU Picks Finsco Africa To Manage Multi-million Housing Project

The National Co-operative Housing Union (Nachu) has tapped real estate firm Finsco Africa to launch a 400-acre project located in Ruiru Town along Thika Road.

Dubbed Riverline Ridges, the project is currently at the individual title processing stage for the gated community and targets Kenyans seeking to live near Nairobi City.

Finsco Africa CEO John Mwaura said the housing projects will provide Kenyans with investments and ownership options for homes and plots both commercial and residential.

“The project is located behind Spur Mall which makes it ideal for those seeking to work and live near the city,” Mwaura said.

It is also ideal for those looking for land and housing investment options along Thika Road.

Nachu has partnered with Finsco Africa to manage and market the project as they are key players in the real estate industry in Kenya.

Commenting on the launch, Nachu Chairperson Francis Kamande said the project is also a social impact initiative as it seeks to affordable housing for all.

“NACHU is fixated on making a social impact for Kenyan families by having them realise how easy it is to own a house in urban and rural areas without over-stretching financially,” Kamande said.

Project prices

Riverline Ridges is a controlled project that will see Kenyans purchase land at a discounted rate of Ksh2.65 million.

The partners said the project encourages Kenyans to also participate through their cooperatives, Saccos, and saving groups to purchase land and build houses.

The amenities that enrich the project include water, electricity, a perimeter wall for the project’s residential estates and security gates.

The project is also supported by the expansive Thika Road highway that ensures connecting to the city centre and other critical towns is easier.

Experts have long included projects along Thika Road as having high demand among real estate buyers owing to ongoing infrastructural developments enhancing accessibility and investments.

“It is about time that we have an honest discussion and ask ourselves this question, till when can we rent in the same capacity we can channel to own property and assets? “ Finsco Africa C.E.O John Mwaura posed.

“We thank the deliberate efforts being channeled by stakeholders of the real estate sector towards mediation and arbitration processes in dealing with land issues and conflict,” added Kamende.

Read: NACHU Project to Provide Housing for Low and Middle-Income Earners

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