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Construction of Sh2bn Athi View estate - Phase one complete, Phase two now selling off plan

The construction of the first phase of Athi View Apartments in along Mombasa Road is complete, Phase two now selling off plan with the developer saying the houses will be ready for completion by July 2015.

The 86 semi-detached maisonettes and 18 apartments as well as shops and services have been built on 7.5 acres. The entire project sits on 30 acres and will be implemented in four phases consisting of over 400 units.

"Plans for the other phases are being finalized and will include other facilities such as a school and community centre. Thereafter the second to fourth phase will each take approximately 18 months to construct," says Gurmeet Mehta, a director of SJR properties which is developing the housing project.

Phase one is estimated to have cost more than Sh0.5 billion including value adds such as on-site shopping centre, a children's playground and a Basketball court.

Mehta says they expect to spend Sh2 billion on the project by completion in 2015, but the fluctuating prices of construction materials could see the construction cost soar.

The developer had issued a special discounted introductory offer of Sh 8.9 million for the 4-bedroom maisonettes during the Sarit Centre Property and Auto Expo but this has since expired. The provisional prices for the houses are now pegged at Sh 10.5 million.

Athi View is located 1.5km from the JKIA Club Resort turn off at Syokimau, strategically targeting the upcoming middle income Kenyans who have set sights on home ownership, as well as local and international investors.

Mehta says a 'no compromise on quality' attitude is what sets the housing estate stand out, as opposed to churning out hurriedly built houses to cash in on the high demand.

"We are not in the business of over promising and under delivering. We simply want to deliver a quality home for the hardworking Kenyan."

The firm says Kenya's flourishing property market still has higher potential to expand given the influx of foreign investments and the fact that the supply for low to middle income housing estates has still not satisfied the local demand.

SJR Properties has interests in the hotel, commercial and residential real estate sectors in the country, and bets on industry expertise, thorough understanding of the market and keeping up with the trends in the construction sector to succeed.
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