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Taj Mall title revoked to clear the way for Outer Ring
Rank: New-farer Joined: 11/20/2015 Posts: 16 Location: Iraq
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The servicing of a $5 million (about Sh500 million) loan borrowed from Shelter Afrique to build the Taj Shopping Mall is uncertain after the government Thursday reiterated that it will demolish the building to pave the way for upgrade of the Outer Ring road. Another round of confrontation between the government and Mr Gorasia over Taj Mall, which is valued at more than Sh5 billion.
Mganga haagizi Mchicha.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Don't worry. Court case will be launched promptly and drag for 7 yrs.we know how it goes. ......
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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enyands wrote:Don't worry. Court case will be launched promptly and drag for 7 yrs.we know how it goes. ...... I think Taj mall are preparing for a big windfall, Went there a few weeks ago and uchumi has given up most of its space yet Taj mall has a new coat of paint, wonder what value does it add if it's going to be demolished If Obiero did it, Who Am I?
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Rank: Member Joined: 12/2/2009 Posts: 299 Location: kenya
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Swenani wrote:enyands wrote:Don't worry. Court case will be launched promptly and drag for 7 yrs.we know how it goes. ...... I think Taj mall are preparing for a big windfall, Went there a few weeks ago and uchumi has given up most of its space yet Taj mall has a new coat of paint, wonder what value does it add if it's going to be demolished This is Kenya.Everyone in the loop knows how much they stand to gain.From the property owner,the lawyer, the judge, to the NLC Officials.The repossesion will happen.The matter will go to court.Wanjiku will loose.The 'owner' will be awarded damages in ten of billions of what this property is worth.It will be who 'who is laughing now'.And the script goes on....
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Rank: New-farer Joined: 11/20/2015 Posts: 16 Location: Iraq
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popat wrote:Swenani wrote:enyands wrote:Don't worry. Court case will be launched promptly and drag for 7 yrs.we know how it goes. ...... I think Taj mall are preparing for a big windfall, Went there a few weeks ago and uchumi has given up most of its space yet Taj mall has a new coat of paint, wonder what value does it add if it's going to be demolished This is Kenya.Everyone in the loop knows how much they stand to gain.From the property owner,the lawyer, the judge, to the NLC Officials.The repossesion will happen.The matter will go to court.Wanjiku will loose.The 'owner' will be awarded damages in ten of billions of what this property is worth.It will be who 'who is laughing now'.And the script goes on.... I think @enyands you're correct since the Ministry of lands has begun fighting NLC stating that the latter has no powers to revoke the title. So here will be facing in-house fights and the winner to go to court to face Mr. Gorasia and the the bounty fight continues.  Mganga haagizi Mchicha.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The owner of this mall must be very rude,when this demolition story appeared for the first time he started painting it,when the national land commission advised the title should be revoked some hired youth demonstrated,90% of tenants moved out,i think the government should bring it down without any further delay,its clearly a road reserve,high voltage way leave and also an oil pipeline passes there "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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mlennyma wrote:The owner of this mall must be very rude,when this demolition story appeared for the first time he started painting it,when the national land commission advised the title should be revoked some hired youth demonstrated,90% of tenants moved out,i think the government should bring it down without any further delay,its clearly a road reserve,high voltage way leave and also an oil pipeline passes there I wonder how much he will be compensated for loss of business considering that the mall has had less than 50% occupancy rate since it opened If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Quote:Private developers on Nairobi’s Outer Ring Road are staring at losses following a decision to revoke their ownership of land along the route.
This comes after the government gazetted a National Land Commission (NLC) decision to revoke ownership of land along the Outer Ring Road corridor.
The lands commission has been holding hearings to review the issuing of title deeds, which was being contested by the Kenya Urban Roads Authority (Kura), because the properties are on the road reserve.
The dispute over the ownership of the plots has held back the road’s expansion project with owners demanding an estimated Sh3 billion in compensation from the Donholm roundabout to Taj Mall. http://www.nation.co.ke/.../-/30l2m9z/-/index.html
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Lolest! wrote:Quote:Private developers on Nairobi’s Outer Ring Road are staring at losses following a decision to revoke their ownership of land along the route.
This comes after the government gazetted a National Land Commission (NLC) decision to revoke ownership of land along the Outer Ring Road corridor.
The lands commission has been holding hearings to review the issuing of title deeds, which was being contested by the Kenya Urban Roads Authority (Kura), because the properties are on the road reserve.
The dispute over the ownership of the plots has held back the road’s expansion project with owners demanding an estimated Sh3 billion in compensation from the Donholm roundabout to Taj Mall. http://www.nation.co.ke/.../-/30l2m9z/-/index.html
why does government work like this?this issues should have been sorted long before awarding the building tender,now the contractor will have to ask for more money due to this delays "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2008 Posts: 2,723
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Sometimes I wonder if being this rich in Kenya has any real advantages. You can be sure this Gorasia guy does not sleep at night. I think the only real beneficiaries are his wife and mpangos...... no I take that back, the wife would also be stressed. Mpangos, doctors and lawyers are the only people who benefit. All for what??!! Wacha ikae.
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Taj Mall title revoked to clear the way for Outer Ring
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