REAL ESTATE NEWS
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National Housing Corporation (NHC) has been ordered to pay a compensation of Sh119 million to a United States company for delays in putting up 230 housing units in Nairobi.
The US Company, Lemna International sued NHC over delays in completing the housing project in Nairobi’s Lang'ata estate.
Lemna…
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Reuben Kimani, CEO, Username Investment Ltd. was awarded The coveted 2019 Realtor Founder of the Year Award during the recently held Founder of the Year Awards Gala Dinner at The Nairobi Cinema. The event brought together extraordinary young founders in different categories ranging from Real Estate…
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Safaricom Investment Cooperative (SIC) has announced the launch of a new real estate project dubbed Zaria Village.
Zaria Village, which will be built off Kiambu-Ruiru bypass, comprises 331 quarter-acre serviced plots that will go for Sh6.95 million each.
The project targets middle and upper middle-…
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Username Investment Ltd. won the coveted 2019 Diaspora Market Land Selling Company Award during the recently held Real Estate Excellence Awards Gala Dinner at Movenpick Hotel in Westlands, Nairobi. The award targeted a real estate company that has been outstanding in positively impacting Kenyans…
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More than 200 homeowners at the posh Sunset Boulevard estate in Athi River are at risk of losing their houses after a local bank announced a plan to auction the property over loan dispute with the developer.
I&M Bank has reportedly ordered auctioneers to put up for sale 204 houses worth Sh2…
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President Kenyatta's affordable housing project has received a major boost after three foreign companies pledged to construct 300,000 units.
Two Qatari companies committed to putting up 200,000 housing units while a Chinese multinational will build 100,000 houses.
The deal for the construction of…
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The construction of what is set to be Africa's tallest skyscraper has been opposed by Tourism Cabinet Secretary Najib Balala.
Balala argued that setting up of a 61-storey building 100 meters from the Turtle Bay beach in Watamu, Kilifi County goes against environmental regulations.
CS Balala wrote…
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Urithi Housing Co-operative Society Limited has assured investors that their projects are safe from being auctioned over defaulted loans.
In a public notice issued on Thursday, the society said that the 100-acre Panorama Gardens, which was reportedly facing auction, was cleared after negotiations…
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A local bank has reportedly put up for sale 100 acres of land belonging to Urithi Housing Co-operative Society.
The parcel of land named Panorama Gardens has been put up for auction after the society defaulted a loan, Daily Nation reports.
Urithi acquired the property located in Gatanga in 2016 at…
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Employees attached to the United Nations offices in Nairobi have accused Kenyan landlords of extorting them.
The staff lamented that Nairobi landlords refuse to refund house rent deposits whenever they move out of their houses.
They are now seeking diplomatic intervention to have the matter…
