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Good buy or more research?
Difathas
#1 Posted : Friday, September 30, 2011 5:36:04 AM
Rank: New-farer


Joined: 2/3/2010
Posts: 14
Location: nairobi
Hi Wazuans. This blog is invaluable when i need info on land deals. A broker is selling 6 acres situated 10kms from Kangundo rd at 550k per acre. Wondering if it's a good buy. Says no borehole nearby or elec. not sure if this area floods as well.no settlements nearby. Contributions welcome as always. I offered 400k per acre coz 3 months ago, the same area sold for 450k asking. Interested in alternative lots at same budget in different parts of nairobi suburbs.
amolo
#2 Posted : Friday, September 30, 2011 9:33:21 AM
Rank: Member


Joined: 1/29/2007
Posts: 70
Buy all the 6 acres at 400k per acre. Keep the land for 5 years and then retire! You will be a multi millionare. Look at the guys who bought land at Nkoroi about 10 years ago! Or Kitengele, or Kiserian about 10 years ago. The NSE, T Bills, Mutual Funds, nothing will multiply wealth as fast as land
MillieMuturi
#3 Posted : Friday, September 30, 2011 1:22:52 PM
Rank: New-farer


Joined: 9/1/2011
Posts: 53
Hot deal prime land in Kitengela 20Acres at Ksh.950,000 per Acre. 10km currently due to meandering alot(but when road will be done, it will be 5Km) from tarmac near where KCA has bought 100Acres to construct its future campus. Ideal for speculation, building hostels, quiet serene residentials, green house farming like the neighbouring farms etc. Serious investors pls Call me on 0722-231-543
MillieMuturi
#4 Posted : Friday, September 30, 2011 1:24:43 PM
Rank: New-farer


Joined: 9/1/2011
Posts: 53
the land is 5kms from kitengela town,then 10kms off the main road(namanga road)
MillieMuturi
#5 Posted : Friday, September 30, 2011 1:33:05 PM
Rank: New-farer


Joined: 9/1/2011
Posts: 53
The most exciting project that we have currently is some 100Acres(konza,kajiado) that is situated along the bypass that will connect Msa rd to Namanga Rd. The bypass will be the diversion of the long trucks so that they do not go via Nairobi on their way to deliver goods upcountry and to Uganda, etc. That means that towns will grow along that bypass the same way we have such towns as Mlolongo and the like. I would advice anyone with cash to spare to get as much land as he can along this bypass. The price is Ksh380,000 per Acre.
Remember, Its strategic value is tacked away in the planned developments of the grand ICT CITY . Investing in land, as we always hear, is always a wise decision; investing in low cost land maximizes the return on every shilling invested.Serious investors pls Call me on 0722-231-543 or email me on millie.muturi@yahoo.com
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