NAIROBI, Kenya, Nov 7 – Real estate firm Mi Vida Homes has opened the sale of its affordable housing project in Riruta, dubbed Keza, and a new mid-market housing project at Garden City, dubbed Amaiya.
Keza is a housing project comprising up to 800 affordable units in the Riruta area of Nairobi County with a mix of studio, one, two, and three-bedroom apartments.
Amaiya on the other hand comprises of 200-unit development situated at the developer’s Garden City site that comprises one and two-bedroom duplexes and three-bedroom apartments.
Keza, which is set to ground break by April next year, will see a unit go for Sh2.3million while Amaiya, with a similar groundbreaking date, will cost Sh9.5 million for the duplexes.
Mi Vida Homes CEO Samuel Kariuki said that the Company is building on the success of Mi Vida at Garden City, which has seen all 221 one-bedroom units sell out.
“The market response to Mi Vida at Garden City shows that there is strong investor demand for properties that strike the delicate balance between quality and affordability, especially in a mixed-use setting,” said Kariuki.
Both projects are targeting investors seeking a mix of higher yields, affordability, and quality developments.
Kariuki noted that the new projects will be IFC Edge certified, in accordance with the Company’s green building philosophy.
Green buildings, from conception, construction, and operation, are efficiently designed to use less resources including land, water, and energy.
