One thing I don't understand is why it has taken Mhasibu Housing almost 2 years to partition the Juja plots. When we were buying we were promised we'd do plot selection by the end of 2009, and until now there's nothing to show. Any info?

In yesterday's paper (DN)they were inviting those who bought land at Nyeri for viewing as well as revealing the model houses. My question is why is it that Juja plots which were sold in 2009 have been overtaken by Nyeri which were sold late last year and still they haven't completed selling them. Been to Mhasibu offices countless times and everytime I'm given false promises. I smell something samaki here

@groupielove, The advert was from Mhasibu Investment Co. Ltd.

Mhasibu Housing Company Ltd and Mhasibu Investment Company Ltd are two distinct companies with common/shared origin but different mandates.

Mhasibu Housing company Ltd
Our core business is to provide models for affordable housing solutions.
http://www.mhasibuhousing.co.ke/

Mhasibu Investment Company Ltd
Our investment portfolio is made up of investments in real Estate, money and the stocks market which have had very fulfilling returns
http://www.micl.co.ke/in...=frontpage&Itemid=1
[/quote]

But don't you think it is confusing us because the Juja plots were for Mhasibu Housing and now the Nyeri Plots are from Mhasibu Investment? There therefore no clear Mandate. My certificate of completion for Juja plot is from Mhasibu Housing but Nyeri plots are being sold by Mhasibu Investment. So which different mandates are those??
What is important to me is to have allocation of the plot that I paid for and subsequent title deed. Why do they keep giving half truths about the plots NKT

i also paid for a piece in full in 2009, 3 years later nothing and no word from mhasibu. What is happening? We the affected persons should unite to get the details of what is happening

How does some1 pull out? why are the officials not communicating?

I also believe shida iko hapa..... this office is a hard nut to crack...

This makes the distinction much clearer.

Mhasibu Housing Company Limited (MHCL) is a fully owned subsidiary of Mhasibu Sacco.

Mhasibu Investment Company Limited or MICL is offering sale of its shares to existing members and non members. http://www.wazua.co.ke/f...&t=18321#post274147

I managed to engage the chairman of Mhasibu Housing on Juja plots and these are his exact words on the subdivisions and the title deeds:
“These are processes that take time, there are many stages involved and each stage on its own takes time. People have to be patient.”

Mhasibu sent a text of a scheduled meeting today @ 5.30p.m, at KIE-Ngara to brief on the progress of this project. Am not in Nairobi, kindly whoever attends please update.

was there:
said the delay is largely because of the owner/seller.
a. He was initially skeptic of mhasibu's capability to buy 300 acres/ha( not sure which) and offered an initial 200 with 'promise' to give 100 more on completion.

story goes like this: once completed mhasibu assumed the 100 will go @ the price of the 200, but the owner hiked to 1.2( b I think), and after client agreeing and releasing to the members, the owner again hiked to 1.6. (Question- weren't there any binding documents at these agreements for the owner to want to extract max. cents from mhasibu?)
Apparently at this point mhasibu decided to source another parcel and got @ 6km form thika s/highway.
-more contributions may be asked for to cover the extra cost.

b. While fencing the 200 units recently, a group (over 100) confronted the contractor claiming having bought the land. The matter is being handled at the chief's/lawyers offices, with the two groups' officials.

c. Members were however briefed on the modalities of the hopefull plots disbursement.

Mhasibu group should just drop this land buying business or ask the member to use another name. They are going to spoil the good name of Mhasibu sacco and MICL.
Even if this juja deal goes through, most of you will still be frustrated at the point of allocating the plots.
Consult those who had applied for Runda plots and you will understand how the con game is played out at the end.