Housing Finance Development Investment Executive Director James Karanja. [Photo/Businessdaily]
Housing Finance Group has announced construction of a 480-unit residential estate at the cost of Sh3.3 billion in Komarock, Nairobi,
The move aims at boosting the group’s property portfolio.
The project will be the second largest after Nyayo Estate in Embakasi, to be undertaken in Nairobi in the past 10 years.
“The project will features 480 housing units. It will consist of one-bedroom, two-bedroom and three bedroom units with lifts in each apartment block, children’s play area, ample parking, borehole water and provision for solar water heating,” said Housing Finance Development Investment Executive Director James Karanja told The Nation.
The project, Komarock phase two, will be developed by the Housing Finance Group’s subsidiary, Housing Finance Development and Investment.
A one bedroom unit will cost Sh3 million, two-bedroom unit Sh4.95 million while three bedroom units will go for Sh4.95 million.