I dont think it is a wise thing to do if you want to build a home. those sides of uthiru are getting congested and you will need space for your children to grow up. its better to move quite far from town if you are considering a home because the land is cheaper and the neighborhod is quality. Rongai or Ngong is not a bad place

@seppuku,
If you intend to speculate on this plot, as in to hope that the price will increase then you release it to the market, that could be better. But from a professional point of view, speculation is what is making land prices in Nairobi skyrocket. We recommended that undeveloped lands should be taxed so heavily so that people can avoid speculation. Back to your issue, in Ngong, you can get 1/4 acre with that amount, and the place is cool and very comfortable. In the next 10 or so years, Uthiru will be so chromed, so i would advise you to opt for Rongai or Ngong.

I do hope you have done thorough search and all due diligence. A buddy paid a 1M deposit for a plot the same size, same place only to realise the property had multiple cases in court, title deed was already cancelled...