We have all heard of cases where Kenyans in the diaspora have come for a rude shock after finding undeveloped land, a place where they had been sent pictures with a home on it. They soon realize the money they used to send for building expenses was a mistake, having been used for the personal benefit of their relatives. This has been the reason why most of these Kenyans no longer invest back home, calling it a risky move. However, Kenyans in the diaspora can now invest in the country without having to worry, thanks to inventions that are going to make the process smooth and direct.
Being part of the vision 2030, the real estate investment process is expected to transition from its current state of the rigorously procedural process to a fast and convenient process by just a click of the mouse. Prospects will be able to show interest in a property and wire in money from anywhere in the world, making their dream to own a home back in Kenya a reality. Not only shall it aid one in buying a home for themselves, but also purchasing a property for a person who is in Kenya, maybe as a gift or surprise.
By now you are wondering how this madness shall come to pass. The leading telecommunication firm in Kenya Safaricom has come up with this creativity, promising Kenyans in the diaspora safe channelling of their money into the real estate through M-pesa services. The company also burst into the real estate market targeting Kenyans in the diaspora. The Safaricom Investment Cooperative (sic) launched the Blue Bells Garden Housing project in Mlolongo which is the first housing project by Safaricom. The housing project is a revenue stream and investment to its buyers, having the best housing option with modern facilities and amenities. All this comes at an affordable rate.
The ambitious Safaricom investment cooperative was discovered out of the need by Safaricom staff for a reliable system to channel money for investment and pursuing assets. The society was then established in the year 2009, having less than 200 members on board. Under the leadership of Maureen Abuka, the group helped Safaricom get in the real estate with a capital of Ksh 2million. By 2013, the society had managed to boost 14,000 members and Ksh 308 capital base. The success of the society has been due to the strong sense of teamwork with the Bluebells housing society as the fruit.
The bluebells housing project is situated on a 12.4-acre piece of land, the whole project comprises two phases: the first phase entails 160 units while the second phase supports 140 units. The total of 300 units is made up of three and two-bedroom mix. Also, the project is a gated community with recreational areas for the residents to relax, playground for the children and provision of a conducive environment away from the city.
The whole project was worth a billion with the equity bank being the core financier. The project also had other external financing firms that aided to raise the needed amount to complete the project.
80% of the units were sold off-plan, making the project a success.
If you need such projects that are pocket friendly with all the amenities and facilities you need, search on our website the ideal location for your dream home. You will be surprised at the spoilt choices you will get from Kilimani, Lavington, Kileleshwa, Kiambu Road, Mombasa etc.