ignorance is the mother of all disasters, an acre in mai mahiu is going for 350k,landnext to the hell gate is almost value less

Answer

Q1. I did not quite understand your question but the answer is NO.

Q2. My honest answer is that I do not know.... am assuming this will be done from the proceeds of sale.

@African Coloner

All land, including the valuable land now, was once valueless... My dad told me, their office used to be given per diem and organise a day's mission to visit "kitengela" on official visit because it was far and no one would have even thought of touching anything there unless they were out of their mind.

PS: Having said that, let it be known by all persons of good will that am not the promoter (and promoter in this case i mean the "proprietor or someone behind") of the said project. I am not advocating for anyone to buy. if one feel it is not a good investment, they shouldn't attempt..... Also note, any investment is a risk.... depends on your risk appetite. We all have different levels of risk appetite... i am only stating facts as i know them and if i do not know, am a man, sorry lady enough to admit. It should not in any way be construed to mean it is an investment advise.

Wow....9300% price appreciation in 5 months. What's the latest regarding the project?

Don't buy into a 'pyramid scheme' where the last ones buying are the suckers!

Now, updates

From the look of things, this thing was actually for real.

Saturday 25th Feb was the ground breaking ceremony. They also unveiled the house models that are going to be built by individual investors as this is a fully controlled development. Minor amendments to suit individuals are allowed though. Houses range between 5m - 17m and there are 11 models of them. From 2bedroomed to 5 bedroomed villas. This price is not final though. the promoters are still negotiating with contractors to bring the prices down. The company (promoters) will supervise the construction and ensure the quality of houses.

From this month - well, next month, the feeder roads works will start. Several boreholes have been sunk which will be used for construction. There is also a proposed dam whose construction starts next month to tap water from Mt Longonot. The water will be treated and used in homes.

The subleases will be out in the month of April. There is a firm already contracted to do the electric fencing around the whole area. The firm is owned by the next door neighbour - owner of Kedong Ranch. There is 24 hour security patrol by uniformed APs armed to the teeth on horses.... Well, i bet so far, the progress is good.

Lets see the few prominent figures i saw there - Mututho (in capacity as an owner of two parcels), former Naivasha Mayor/Councillor for something, Bwana Naikuni and of course me !

NB: the price for a half acre now is 4m. There was an advert on papers the other week for hotel land at the place. 1 acre was going for 14m. Few slots of the 1/2 acre were remaining as of Saturday.

was also there for the launch...only to be surprised that 2 of my old neighbours in Nakuru were key directors in the project...its a small world.

but all in all they may have convinced me to stop looking at the project as a ka plot for sell and actually as an opportunity to have a second income generating digs which slowly pays itself and voila we have a ready retirement home between nakuru and nairobi when we are ready to give up on nai.

but enyewe Mr. Lee Karuri is a salesman and a half!

This is interesting. Longonot area is generally a hot and windy, especially the side facing Maai Mahiu. The leeward side should be Naivasha Olkaria area. I will be keenly watching their infrastructure especially as regards WATER.

For those interested, there is a site visit tomorrow, with the buses leaving at 10am from Parklands Sports club. And be kind enough to update us.

http://diasporasupport.c...g/49-real-estate-budget[/quote]

Site in strange language

the developers of longonot gates have already sunk a borehole and are in the process of digging a dam to capture rain water for irrigation purposes for their project.they struck water at 80meters for the borehole so i don't think water is an issue in the area.my land is adjacent to the proposed dam and on offer at a reasonable 5m(ono)per acre.tel 0712.044.411