They targeted the system's Quick Response (QR) code, part of the e-construction development plans application system. With the digitally signed approvals, developers do not require hard copies with stamps as evidence of the city's permission.
Many people get surprised by the practical applications of raw land, but there is a vast world of opportunity out there for those seeking to become landowners. This post covers some of the simplest and most common ways to put raw land into profitable use. This will help you understand how versatile and profitable it can be and spark interest in the various ways that land can be used.
There are many ways through which you can determine the value of your land. The most basic of which is by hiring a real estate agent that can help evaluate the price of your land. Keep in mind that by land, we are talking about the area only and not the property itself. Alternatively, you can use websites like this which help you automatically calculate the value of your land. Apps like this help you understand all of the important factors that affect the housing market and the price of your land. Moreover, it helps give you an accurate look at what you can expect when selling your house as compared to the price of land in other cities.
Investing in property and holding it for an extended period is a low-risk investment strategy that can garner favourable returns in the long run. Instead of selling the property based on market fluctuations, you will hold the property and collect income from rent to fulfill short-term cash-flow requirements as the property’s market value appreciates over time. You must conduct thorough research and choose an area primed for property value appreciation in the future.
Ruaraka Diversified Investments Limited is associated with private equity firm Actis, which sold the land on Thika Road where Garden City Mall stands and a separate property to Safaricom in 2015. Tax Appeals Tribunal agreed with the taxman that Ruaraka Diversified Investments should remit the money to KRA because it failed to pay tax from profits of about Ksh1.4 billion earned in three transactions, after acquiring the land from East African Breweries Ltd (EABL).
Student accommodation, for instance, is being considered for the project and represents one of the hottest real estate investments at the market. Developers such as Acorn have been able to raise over Ksh10 billion for various projects under their Qwetu student living brand.
Wachira Mburu Mwangi & Company Advocates received instructions to represent City Hall and was paid millions in legal fees. The firm's managing partner, Stephen Mburu, was paid Ksh58 million. He retained Ksh11.5 million then wired Ksh7 million to John Ndirangu Kariuki and Ksh15 million to Cups Ltd - associated with Kidero's former Chief of Staff George Wainaina.
“Working and schooling from home has shed light on the importance of more space, leading to increased demand for homes with compounds,” noted Sakina Hassanali, head of property development consulting and research at HassConsult.
The biggest challenge anyone faces when seeking to invest in real estate business is money and the question people often ask is, How much...