Phase one of a multi-billion shilling housing project in Syokimau, on the outskirts of Nairobi, will be completed by end of this year, according to the developer.
A director of SJR Properties (the firm behind the project), Gurmeet Mehta, told journalists that the first of four phases in the Sh2 billion Athi View estate will be completed in November as plans for phase two gets under way.
“Once we are through with phase one, we’ll embark on the second to fourth phase where each will take about 18 months to construct,” Mehta said.
Phase one of Athi View homes sits on a 7.5 acre plot and comprises 90 four-bedroom maisonettes, 15 apartments, on-site shopping centre, a children’s playground and a basketball court all valued at Sh600 million.
On the final completion in 2014, the project will comprise 350 units, a community centre, a school, a shopping centre, basketball court and a children’s playground – all sitting on 30 acre piece of land.
According to Mehta, the project which is targeted at middle to high income earners is 50 per cent sold with a single unit being sold for Sh9.3 million.
“This is exceptional value for money as the units offer 4-bedrooms with a built up area of 1,700 square feet and a private garden,” Mehta said.
Athi View estate is not SJR Properties’ first venture into the Kenyan real estate market. The company has been involved in several developments among them the Tulivu Villas in Runda, Gateway Park on Mombasa Road and the Sandalwood Waterfront Homes in Karen.