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Plots in Ruiru by Ruiru PCEA Investment Co. - Genuine?
Lek
#1 Posted : Tuesday, July 06, 2010 10:06:37 PM
Rank: New-farer

Joined: 7/6/2010
Posts: 25
The Ruiru PCEA Investment Co. is selling 1/4, 1/2 and 1 acre plots in Ruiru @ 750k, 1.5 m and 3 m respectively. I saw one of their posters in a school ran by the PCEA church and made an enquiry. Was taken to where the plots are situated at Ruare Farm Estate (Socfinaf)though the land has not been subdivided and is still under coffee. Has anyone heard and or been there? Is this genuine?
MaichBlack
#2 Posted : Tuesday, July 06, 2010 10:22:38 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,905
Exactly where is the land situated? Post more details.

Be careful though. I have heard of guys [cons] who rent office space in a church compound though the church has absolutely no connection to them - they are just tenants [and maybe also fake members of the church]. When they are doing their thing, they make it seem as if it is a church thing. You can guess what happens after that! One day you just find a vacant office. But there are also cases where a church buys huge tracts of land, subdivides them and sells them to members of their congregation [and outsiders]. Approach the church itself [PCEA in this case] - the higher you go the better - and establish if they are directly involved.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Lek
#3 Posted : Wednesday, July 07, 2010 10:36:01 AM
Rank: New-farer

Joined: 7/6/2010
Posts: 25
The land is located along Kiganjo Road, next to GSU Ruiru about 3kms off Thika Rd. The land is owned by Socfinaf (coffee growers & millers) and is known as Ruare Estate. Size of land is about 1100 acres, they say that they have agreed to buy it from Socfinaf and subdivide it in 3 phases. Their offices are in Ruiru, Finance Hse 1st flr room 005.
Kwanini
#4 Posted : Wednesday, July 07, 2010 12:10:53 PM
Rank: Member

Joined: 1/28/2009
Posts: 353
Location: Cloud
@lek
The chaps were less than courteous when asked to show us

1. The proposed demarcation map or copy of title
2. Resolution from Socfinaf on the sale/ Copy of agreeement with Socfinaf.

Connection with the Church not clear either.

Where possible buy the plots with title deeds after the AP camp- via bypass. As usual due diligence is a must- the CID office at Ruiru also has a Blacklist to watch- individuals, ID Nos, and plots with issues.
"For i am the master and the captain of my fate"
sngotho
#5 Posted : Wednesday, July 07, 2010 11:21:54 PM
Rank: New-farer

Joined: 1/30/2010
Posts: 27
Location: usa
I did send my mum to the office about two weeks ago to inquire about this land because I Wanted to buy 1/4 arce. They told her that one can either pay cash or by instalments .ie for 1/4 is 300k down, then the rest 450k by Dec since thats when they gona subdivided the land and issue title deeds to the buyers. I almost paid 300k down payment but my mum cousin who is a member of that church told us not to pay first since the land has a dispute between the buyer and the seller. They have not agreed yet on the purchase of the land . So I put the issue of buying the plot on hold till everything is clear.
Lek
#6 Posted : Thursday, July 08, 2010 5:17:33 PM
Rank: New-farer

Joined: 7/6/2010
Posts: 25
@sngotho, Thanks that info is important as I will also wait to see a sales agreement between the seller and the buyer.
Wine
#7 Posted : Monday, November 08, 2010 1:03:18 PM
Rank: Member

Joined: 3/4/2008
Posts: 11
@sngotho kindly update, did did they clear the dispute, any news i am interested.
popat
#8 Posted : Monday, November 08, 2010 3:53:41 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
@kwanini.
Where in Ruiru is the AP camp?or r u referring to the Prisons Training School?
ProverB
#9 Posted : Monday, November 08, 2010 3:58:26 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Lek wrote:
The land is located along Kiganjo Road, next to GSU Ruiru about 3kms off Thika Rd. The land is owned by Socfinaf (coffee growers & millers) and is known as Ruare Estate. Size of land is about 1100 acres, they say that they have agreed to buy it from Socfinaf and subdivide it in 3 phases. Their offices are in Ruiru, Finance Hse 1st flr room 005.


In press ads recently..these guys changed their NAME to something else but they aren't socfinaf anymore.. I know coz my folks sell coffee to them.. please confirm with land registry...or the "formerlY Socfinaf guys.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
investaa
#10 Posted : Tuesday, November 09, 2010 11:07:10 AM
Rank: Hello

Joined: 11/9/2010
Posts: 1
Location: nairobi,kenya
Recently there are some plots being sold in Thika,Kabati,on your way to Kenol ,12kms from the highway by Thuo Investments Company,are they genuine?Because they don't even allow you to visit site to physically inspect,don't want to avail the copy of the title for a search yet they expect someone to commit themselves by paying half the price......i smell a rat!!!!!
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