Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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CaptainGG wrote:Use this link http://www.libertyhomesk...mi&id=6&pl=Athi
Other contacts are below Evelyn Wanyangi| Sales Manager | Liberty Homes Ltd | AACC - Waiyaki Way | P.O Box 248 00606 Sarit Centre | Nairobi, KENYA| Tel: +254 020 4450975/6 MOBILE: 0722 790 301, 0731 790 301 | Fax: +254 020 4450974| Website: www.libertyhomeskenya.com @2012 Where did you get these prices 1/4 @240k I was there with my investment group and there was quite a lot of selling as the people who own land there don't live there. Personally I think anything above 240k for 1/4 is too much and would be wise to look elsewhere unless there's a development plan for the area.
BBI will solve it :)
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Rank: Member Joined: 2/21/2009 Posts: 573
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Cardammon wrote:Hello wazuans,
This is my first day on this site i came across this post and hopefully i could be of help.
Ilulluwe have a launch on the 3rd of Nov 2011 at the Nairobi club grounds from 6p.m i know of it as i have a personal invite. Unfortunately cant make it but will pass on the invite for printing to anyone interested. @Cardammon.You join today,then happen to know the area,then happen to have been invited,then happen not to be available,then happen to be generous with your invitation..  Something is amiss here
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Rank: Veteran Joined: 11/29/2007 Posts: 948
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Hii maneno ya 240k manatoa wapi? Quote:Prices
• 1/8 acre Kshs. 950,000.00
• ¼ acre Kshs. 1.8M
Payment
• 30% Sale Deposit
• The balance to be spread in 3 months. http://www.libertyhomesk...mi&id=6&pl=Athi
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Rank: Hello Joined: 10/20/2011 Posts: 4
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Where did the price of KES 240K come from? The brochure I’ve got only speaks to the following terms:
• A quarter for KES 1.8M
• An eighth for KES 950K
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Rank: New-farer Joined: 5/11/2011 Posts: 63
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Where exactly is this place. BD talks of KONZA but there website talks of Greater Eastern Bypass-Arthi River http://www.iluluwe.com/#
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Rank: New-farer Joined: 6/3/2010 Posts: 96
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the project is in Lukenya Kinanie area Athi river...trust journalist to put wrong headline grabbing headline....
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Rank: Hello Joined: 1/27/2012 Posts: 8
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@Pappa investor/Wazerians
Do you have more information about whats on the ground regarding this Iluluwe project? Tips please
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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Shaka wrote:Where did the price of KES 240K come from? The brochure I’ve got only speaks to the following terms:
• A quarter for KES 1.8M
• An eighth for KES 950K
an 1/8th in a golf city funny
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Rank: Member Joined: 7/24/2009 Posts: 273
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I find the idea of a gated community very appealing for various reasons. Top it up with the golf concept and it gets irresistible. Plus Athi River is attracting some serious projects like Konza ICT park. Now that Migaa went south for most of us who missed out on the early deals... How is iluluwe progressing? Any investors on Wazua?
And why haven't they advertised on mainstream print or broadcast media?
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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kenyanbeef wrote:I find the idea of a gated community very appealing for various reasons. Top it up with the golf concept and it gets irresistible. Plus Athi River is attracting some serious projects like Konza ICT park. Now that Migaa went south for most of us who missed out on the early deals... How is iluluwe progressing? Any investors on Wazua?
And why haven't they advertised on mainstream print or broadcast media? I know 2 men(one a big time lawyer and the other a director in a listed company) who bought the quarter acres. They told me that Lee Karuri offered them discounted prices since they are friends. I do not know whether all the plots are sold or not. An environment impact survey was done by NEMA, see link.www.nema.go.ke/.../index.php?...iluluwe... Land around that place is appreciating very fast.
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Rank: New-farer Joined: 6/3/2010 Posts: 96
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accelriskconsult wrote:kenyanbeef wrote:I find the idea of a gated community very appealing for various reasons. Top it up with the golf concept and it gets irresistible. Plus Athi River is attracting some serious projects like Konza ICT park. Now that Migaa went south for most of us who missed out on the early deals... How is iluluwe progressing? Any investors on Wazua?
And why haven't they advertised on mainstream print or broadcast media? I know 2 men(one a big time lawyer and the other a director in a listed company) who bought the quarter acres. They told me that Lee Karuri offered them discounted prices since they are friends. I do not know whether all the plots are sold or not. An environment impact survey was done by NEMA, see link.www.nema.go.ke/.../index.php?...iluluwe... Land around that place is appreciating very fast. So far they only have a signpost to indicate the location. Nothing on the ground yet though the road to the place had been re murramed before the rains...
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Rank: Member Joined: 7/24/2009 Posts: 273
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Turned out to be an investment scam!!! Where do duped investors seek reprieve?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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kenyanbeef wrote:Turned out to be an investment scam!!! Where do duped investors seek reprieve? Tell us more .... what is the value of the plots now?
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@kenyanbeef..its a case of willing buyer willing seller. Maybe you cancheck on the contract and see what was promised but not delivered etc etc. Its always good to do your own feasibility before buying. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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kenyanbeef wrote:Turned out to be an investment scam!!! Where do duped investors seek reprieve? Really? That is sad. Passed by the extensive property a month or so ago and grass and Shrubs have grown, Covering the roads that they had started digging months earlier. Did not seem like there is hope of something serious Coming up soon. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Such projects are grand visions which is very noble. Consequently, the distance from here to there is long. The question is what are the legal rights & obligations of the parties involved. Purchaser, promoter, management Co. How and who to finance. Can someone share some practical experience?
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Rank: Veteran Joined: 11/29/2007 Posts: 948
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kenyanbeef wrote:Turned out to be an investment scam!!! Where do duped investors seek reprieve?  what happened? seems like it was a family thing BOARD OF DIRECTORS James.K. Mutua, R.K.Mutua, S.N.Mutua, S.M Mutua, M.W.Mutua, P.M.Mutua
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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wanyuru wrote:kenyanbeef wrote:Turned out to be an investment scam!!! Where do duped investors seek reprieve? what happened? seems like it was a family thing BOARD OF DIRECTORS James.K. Mutua, R.K.Mutua, S.N.Mutua, S.M Mutua, M.W.Mutua, P.M.Mutua Its possible they are waiting for Konza to start up b4 they begin construction..that could be their target market. Lukenya where the land is was owned by ranchers (Lukenya Ranchers) a sacco kind of association and when they dissolved the association each member got land according to the shares they held. So the Mutua's could have inherited the land. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 7/24/2009 Posts: 273
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The guys insist the project is still on but no explanation for the delays in starting out a project that was supposedly to take 3 years as from 2011.
Guess the crime here is holding onto investors money, probably making millions, while we get nothing for that time as we speculate whether or not the thing will ever take off.
The only recourse is seeking refund to invest elsewhere with interest! Any lawyers in the house to advise further?
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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kenyanbeef wrote:The guys insist the project is still on but no explanation for the delays in starting out a project that was supposedly to take 3 years as from 2011.
Guess the crime here is holding onto investors money, probably making millions, while we get nothing for that time as we speculate whether or not the thing will ever take off.
The only recourse is seeking refund to invest elsewhere with interest! Any lawyers in the house to advise further? This does not sound very encouraging.... so, if the directors are all these Mutuas, how does Mr. Lee come in? What was his role in this project?
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