Kamiti, for instance, sits on a 1,200 acre land parcel in Kiambu with most of it undeveloped. According to the Hass Land Index Report for Q4 2020, the average value of an acre of land in Kiambu stands at 38,600,000. Lang'ata Women's Prison sits on 50 acres, with land grabbers having trimmed its acreage significantly over the years. An acre of land in Lang'ata goes for an estimated Ksh63,400,000.
The massive drop came after years of speculative buying driven by infrastructure upgrades, particularly the Thika Super Highway.
Centum Chief Executive James Mworia asserted that the firm was keen on complimenting President Uhuru Kenyatta's affordable housing agenda. The Cascadia development includes one, two, and three bed roomed apartments, duplexes and town houses totaling 450 units, in 17 floors.
While all these are valid reasons for purchasing land, there are key questions that one needs to ask before making that ultimate move.
The Ksh5.8 billion road project is expected to link Kibra to Lang’ata, Southern Bypass and neighbouring roads in Nairobi . The plans to demolish houses in Kibra are reportedly at an advanced stage.
Situated on Tatu City’s first main road, the British-Kenyan venture’s first 48 units are spread across four blocks with 12 apartments each.