Are you looking for land in Nairobi for sale? Look to the outskirts of the city. Kagundo Road is definitely your best bet. The once sleepy towns of Ruai, Kamulu Malaa, Koma Hill, and Joska have roared to life and will keep roaring for a while. You better not miss out on the action.
Here is why. The area offers affordable land, easy access to amenities, ready title deeds and music to every investors ears; appreciation in value.
A 50 ft by 100 ft plot in Joska Town for example costs Ksh. 850,000, compared to other areas in Nairobi where land price for the same footage is double, or triple the price. For someone seeking to build their home, they’ll only need to add a few thousands compared to millions on the other side of town.
Kagundo road is certainly a habitable area. It is only 30 kilometres from the city center. All the amenities you’ll need are available. From schools, to medical centers, to leading banks and retail stores, and not forgetting police stations to ensure security is covered. The road network is good; both the access roads and the main road. Currently the two way traffic road is being upgraded to a dual carriage. It means that the once dusty road that only saw trucks en route will experience more traffic from buses to private cars. Hard working Kenyans can; therefore, easily commute to work. Moreover, public service vehicles ply that route. Even taxi hailing companies operate here. The area is also not in short supply of fun with a number of recreational spots operational.
5 years ago, quarter results released by a leading real estate company, on Nairobi’s expanded Land Index indicated the rise of land as an investment option. Moreover, the results revealed that by September 2015, land in the low and middle-market areas of Juja, Athi River, Kiserian, Kitengela, Mlolongo, Syokimau, and Tigoni which form part of Nairobi’s 14 satellite towns, had grown more than 6.27-fold in returns over seven years.
The report revealed two crucial subjects: the increased investment in land and it’s appreciation in value. Kenyans and indeed the world has embraced land as a wealth creation vehicle. That means if you buy land and do not want to build, or farm, worry not. You can resell the land after some years. There will definitely be a willing buyer and your selling price will be multiplied a number of times the price you bought it.
The phenomenon experienced in 2015, as recorded in Kitengela, Syokimau and others, will be no different than what will be and is currently being experienced by areas along Kagundo Road.
In the past, investors have avoided investing in land owing to numerous cases of fraud. Kagundo Road, however, presents a different scenario. The titles here are held by the original owners. That means transfer of ownership is as easy as one, two, three. You will experience hustle free transactions. Who would not want that? Buying land here is as simple as buying a pen from the shop.
Invest today. Don’t wait for tomorrow!