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How Genuine are These Guys?
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MaichBlack
#1 Posted : Wednesday, February 19, 2014 12:48:39 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Dinara Developers Ltd.


I saw an advert in the Daily Nation yesterday posted by these guys. According to the advert, they are located at Oak Plaza Thika.

They [according to the advert] are selling one bedroom and two bedroom apartments in Makongeni behind Shell petrol stations. A two bedroom apartment is going for 1.6 Million.

One: Anyone who has dealt with them before? Are they the real deal or just part of the Land & Property Fraud Inc.

Two: How much are rents in that area of Makongeni. The idea is to rent out the apartment after buying it and I want to see if it makes economic sense.

Of course I will do proper due diligence [depending on the information/advice I get here] but it helps to get the preliminary analysis before.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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a4architect.com
#2 Posted : Wednesday, February 19, 2014 2:07:50 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
checked their site here

http://www.dinaradevelop...p;id=112&Itemid=990

to join in , did you have to part with 50k as described above?

There is very little /non existent info on the directors from the website.
As Iron Sharpens Iron, So one Man Sharpens Another.
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dunkang
#3 Posted : Wednesday, February 19, 2014 2:21:26 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Receive with simplicity everything that happens to you.” ― Rashi

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MaichBlack
#4 Posted : Wednesday, February 19, 2014 5:46:20 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
a4architect.com wrote:
checked their site here

http://www.dinaradevelop...p;id=112&Itemid=990

to join in , did you have to part with 50k as described above?

There is very little /non existent info on the directors from the website.

Thanks for @a4architect. Always value your input on matters real estate. By the way I saw a sign in Karen for a4architect. Are you based in Karen?

Back to the matter at hand.

No I haven't parted with the money. Didn't even know about the 50k until you posted the link.

I must say the 50k issues makes this guys look fishy!!!

Ati to benefit you need to be a member.

To become a member you need ID, Pin Certificate and Kshs. 50,000/=

The advert didn't mention anything about membership. Just houses for sale. This smells like a con job meant to collect as many 50k's from Kenyans as possible!!! But it could also be genuine. What we need now is information from someone who has dealt with them or knows someone who has dealt with them.

Over to wazuans.

@a4architect, I would appreciate any more information you might gather.

@dunkang - Do you have any info on this?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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a4architect.com
#5 Posted : Wednesday, February 19, 2014 6:35:18 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@maichblack, the best way to get any info about construction is to get to know the project architect,QS or Engineer who at least gets regulated in their conduct by Government/Registration board. I suggest you ask them to give you the architect's contacts then let him/her explain to you.

My office is at Karen near Deputy President's official residence. The billboard you saw is mine. Next time you are around, pass by we discuss.
As Iron Sharpens Iron, So one Man Sharpens Another.
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  | | Edit by user: Wednesday, February 19, 2014 6:53 PM | Reason: Not specified
popat
#6 Posted : Monday, July 06, 2015 12:09:10 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
Read somewhere that from this project, these guyz made 400m Kshs.and they are now into serious developments.The director is a young chap in his Early 30's and he started by selling building materials to other developers.Sema biashara mentality
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  | | Edit by user: Monday, July 06, 2015 12:31 PM | Reason: Not specified
popat
#7 Posted : Monday, July 06, 2015 12:21:39 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
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Lolest!
#8 Posted : Monday, July 06, 2015 1:29:06 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Quote:
House buyers at Dinara Developers are not required to pay any deposit and it is this unique business tactic that has seen the entrepreneur build an empire whose current estimate value is in excess of Sh1 billion
popat wrote:
http://www.nation.co.ke/lifestyle/money/Former-sand-dealer-on-why-you-should-invest-in-real-estate/-/435440/2769936/-/rjefq6z/-/index.html
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Carthage
#9 Posted : Monday, July 06, 2015 2:10:37 PM
Rank: Member

Joined: 2/7/2007
Posts: 14
Have they been paying taxes.
Am sure KRA will be paying them a visit shortly.
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Obi 1 Kanobi
#10 Posted : Monday, July 06, 2015 4:58:04 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
popat wrote:
http://www.nation.co.ke/lifestyle/money/Former-sand-dealer-on-why-you-should-invest-in-real-estate/-/435440/2769936/-/rjefq6z/-/index.html


Give this another few months/or 1 year and many kenyans will be wailing about being conned.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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