Categories: Featured

Impact Of Satellite Cities In Real Estate In Kenya

Lamudi looks at the impact of the upcoming satellite cities in the market

Developers and the government are partnering to come up with satellite cities that will help decongest the capital city, Nairobi. The recent trend of satellite cities in real estate improves investment on amenities in the area and people do not have to rely on the  capital city but venture into other cities in the country.

The recent mini-city coming up in Limuru, Kiambu County is Tilisi. The plan was started two years ago in preparation for vision 2030. The project will cover 400 acres and is projected to turn the area into a world class residential and commercial area.

Lamudi Kenya Managing Director Dan Karua said: “Satellite cities are mainly started due to demand from business developers in a certain area hoping they will solve aspects like urbanization and create modern cities that will complement the development of the country. The towns outside Nairobi are growing very fast and turning them into satellite cities is just one of the solutions for development.”

Konza city and Tatu city are also coming up and will help with spreading the population in different areas in the country. Tilisi will touch on all the pillars of Kiambu County by constructing educational institutions, residential blocks, playgrounds, a police post, business blocks and a medical centre. All these ensure that the area is a one-stop-shop for day- to -day activities. This project will also boost the real estate market in the area as people working here will be looking for housing, this means more investment opportunities especially for residential properties.

We have some big projects coming up in the area that have started creating the change that is expected. Malls like Two-Rivers, Riviera and Village Market are attracting international brands and the middle class to upper class in the area. This is just to pave way for mini-cities like Tilisi

People in Kiambu County are looking for affordable yet beautiful housing that can fulfill the basic needs like security, water and convenience. Developers will now have a chance to provide this type of housing. It is expected that 70 percent of the population in Kenya is expected to live in urban areas like Kiambu by 2050.

About Lamudi

Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 32 countries in Asia, the Middle East, Africa and Latin America, with more than 900,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.

Innov8tiv.com

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

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