Mabati Rolling Mills Ltd has entered into the low cost housing market in effort to supply houses to low and middle income Kenyans.
The roofing materials manufacturer is looking to cash in on the lucrative property market by supplying ready-made steel houses that will retail at Sh80,000 and Sh160,000 for two and four-room houses respectively.
The walls of the prefabricated buildings have an option of being completed using iron sheets, wood, bricks or mud depending on on the preferences of the customer.
The firm is optimistic that the pricing will help it penetrate the low-end of the market which investors seeking quick returns have shunned.
“There is demand for prefabs across the country. The models can be custom-made for customers depending on their tastes and preferences ,” said Kaushik Shah Safal, the group’s CEO for Horn of Africa.
Mabati Rolling Mills is a subsidiary of the Safal Group – makers of flat and long steel products that include brands such as DumuZas, Versatile, Galsheet Rescincot and Saflok 700.
Update Note: April 20, 2012 – Mabati Rolling Mills have since clarified that their units are not retailing at Sh80,000 and Sh160,000 for two and four-room houses respectively, as indicated in this article. We regret the inconvenience this may have caused you and hope you’ll contact them directly.