NAIROBI, Kenya, Jun 30 – Property developer Maisha Developments has this week broken ground on 259 apartments within the Tilisi master-planned development located in Rironi, Limuru with over a fifth already sold.
In a statement, the company says the two and three-bedroom apartments will be completed within two years as phase one of apartment schemes Maisha Mapya and Maisha Makao that will offer nearly 600 apartments on completion.
“These two schemes offer a new level of value for first-time and more established buyers, with apartments that start at just Sh4.4m, but come with gardens, swimming pools, gyms, sports courts, club houses, convenience shops and private parking spaces. These kinds of features are never normally available in apartments in that price range,” said Kavit Shah, CEO of Maisha Developments.
The apartments also offer a low-cost way into the Tilisi development itself, which is characterized by parks and green spaces, jogging and cycling circuits, as well as a school, shopping mall, and many acres of stand-alone villas, all set beside the junction of Waiyaki Way and the Southern ByPass.
“Covid-19 has certainly hit buying power, but whenever real estate demand dips it is the least attractive property that ends up unsold in a thinner market. Exceptional offers, which, for instance, deliver larger and better-quality apartments or provide a serene and spacious setting with strong infrastructure, continue to attract buyers by presenting unusual buying opportunities,” said Shah.
The current pandemic has also favoured outer Nairobi as more people have moved to working from home or working fewer days in offices, increasing the appeal of the lower costs and greater space beside the city’s ring roads.
The Maisha schemes are set over 10 acres within Tilisi and are just the latest of a series of projects launched at Tilisi after ALP West, grade A warehouses by African Logistics Properties and Tilisi Views, luxury villas by Tilisi Developments.
The company is also using front-end technology for the build, with the apartments built using aluminum foam work that remain relatively new in Kenyan construction, but which are now amongst the leading building technologies in developed markets and a key element in the green building movement.
