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Konza City - is it a good investment
Country Girl
#1 Posted : Thursday, August 30, 2018 10:10:23 PM
Rank: Hello

Joined: 8/30/2018
Posts: 6
Hello Dear Wazuans.
I am looking for advice on Konza City. I want to buy land and build at a later stage. Land that its value will grow with time. Is it a good investment? Will Konza City really come to light? Are there any land in and around Nairobi that I could consider? Thank you in advance for your advice. I have been a silent member here at Wazua reading all the advices and warnings coming from fellow posters and I have learnt a lot.
MugundaMan
#2 Posted : Friday, August 31, 2018 2:44:35 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Karibu Wazua
Was also a silent lurker for over 10 years before I joined smile
I wont give you stori mingi...just go ahead and buy my sister. You will thank me for this advice 10 years from now. Don't let any doomsayer discourage you from doing so. Good luck!
sparkly
#3 Posted : Friday, August 31, 2018 8:56:23 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Country Girl wrote:
Hello Dear Wazuans.
I am looking for advice on Konza City. I want to buy land and build at a later stage. Land that its value will grow with time. Is it a good investment? Will Konza City really come to light? Are there any land in and around Nairobi that I could consider? Thank you in advance for your advice. I have been a silent member here at Wazua reading all the advices and warnings coming from fellow posters and I have learnt a lot.


This is what you do if you want to buy land:

1.Visit the area, see the developments in the general area, talk to locals on history and likely future of the area;

2. Visit physical planning office, check the master plan of the area ... zoning and density restrictions, main infrastructure works, public utilities etc. This will help you to narrow down on location of you investment whether agricultural, commercial, residential or industrial;

3. Get in touch with land sellers e.g land companies, agents, lawyers for details of parcels on sale;

4. Due your due diligence on the parcels on offer i.e is the title good? freehold or leasehold? any encumberances (charges to the bank) or wayleaves by Kenya Power/ National/County government? vacant or occupied? outstanding rents and rates? The seller should be able to provide documents on these matters.

5. Visit the shortlisted parcels look at general topology i.e is the area flat, hilly, rocky, swampy? This will enable you to narrow down your search to most suitable parcel. Real estate is about location, location, location.

6. Agree price and terms with seller, sign sale agreement prepared by lawyers, arrange for completion i.e exchange of purchase price and the documents of title for transfer.

When in doubt, always consult with professionals like lawyers, physical planners and land economics.
Life is short. Live passionately.
Country Girl
#4 Posted : Friday, August 31, 2018 10:26:05 AM
Rank: Hello

Joined: 8/30/2018
Posts: 6
Thank you for your reply Mugunda man and Sparkly for your invaluable insight.

What are your views about Saccos that offer land there? I know of taqwa sacco, are they legit?
What about PRC (property reality company)? Anyone used them?
wukan
#5 Posted : Friday, August 31, 2018 10:42:32 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Country Girl wrote:
Thank you for your reply Mugunda man and Sparkly for your invaluable insight.

What are your views about Saccos that offer land there? I know of taqwa sacco, are they legit?
What about PRC (property reality company)? Anyone used them?


Save your money buy better places. Konza is a white elephant in all it's glory. It will never pick up as silicon valley and I don't know which techies would want to live there. It's a vanity project for idle GoK bureaucrats.

Those saccos are just selling you a dream. A very expensive dream
MugundaMan
#6 Posted : Friday, August 31, 2018 10:46:35 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Country Girl wrote:
Thank you for your reply Mugunda man and Sparkly for your invaluable insight.

What are your views about Saccos that offer land there? I know of taqwa sacco, are they legit?
What about PRC (property reality company)? Anyone used them?



Ayayaya, run baby run from anything related to PRC
In fact run from any "greenhouse" schemes. 99% of them are scams.

Do not know much about Taqua Sacco but I would definitely recommend you go with a sacco because most new estates are sacco driven; because they bring an element of controlled development with them, with most offering both commercial and residential plots in each scheme depending on what you are looking for. If you buy solo in the middle of nowhere you cannot predict who your neighbours are nor what they will build.

There are plenty of saccos and property companies selling plots in Konza. Check out reviews, ask around and do your due diligence as mentioned in great detail by Sparkly above.
sparkly
#7 Posted : Friday, August 31, 2018 11:16:51 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Country Girl wrote:
Thank you for your reply Mugunda man and Sparkly for your invaluable insight.

What are your views about Saccos that offer land there? I know of taqwa sacco, are they legit?
What about PRC (property reality company)? Anyone used them?


@Country Girl:
1. Follow the steps I highlighted above if you want to invest successfully.
2. There are many know-it alls but most can't tell you the extend of the city or how far it is in the implementation process.

3. There are many opportunists. Some people will sell you land "in" Konza city then you will realize the land is 100km away or that you are being sold land already zoned for roads or sewer works.
Life is short. Live passionately.
MugundaMan
#8 Posted : Friday, August 31, 2018 1:31:46 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)


Country girl, if you want to minimize headaches and not have to do the due diligence yourself, go with a company like Home Afrika. It's blue chip, listed and 100% above board. They use a good legal firm for all documents and titles are ready for each plot. This project is on the proposed Isinya-Konza City bypass in which most saccos dealing in Konza land have invested. They also have payment plans! Hope this helps.
hardwood
#9 Posted : Friday, August 31, 2018 2:56:00 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
MugundaMan wrote:


Country girl, if you want to minimize headaches and not have to do the due diligence yourself, go with a company like Home Afrika. It's blue chip, listed and 100% above board. They use a good legal firm for all documents and titles are ready for each plot. This project is on the proposed Isinya-Konza City bypass in which most saccos dealing in Konza land have invested. They also have payment plans! Hope this helps.


So this sidai land is huko interior 10km from konza and sgr? Those must be the areas one sees zebras and wildebeests grazing.
maka
#10 Posted : Friday, August 31, 2018 4:34:00 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hardwood wrote:
MugundaMan wrote:


Country girl, if you want to minimize headaches and not have to do the due diligence yourself, go with a company like Home Afrika. It's blue chip, listed and 100% above board. They use a good legal firm for all documents and titles are ready for each plot. This project is on the proposed Isinya-Konza City bypass in which most saccos dealing in Konza land have invested. They also have payment plans! Hope this helps.


So this sidai land is huko interior 10km from konza and sgr? Those must be the areas one sees zebras and wildebeests grazing.


He he he....
possunt quia posse videntur
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