Malaa ProjectMalaa Kangundo road
Located approximately 4 km from Malaa center on your left from Nairobi.
This project is strategically located in Malaa (KBC), just 4 km from Kangundo Road, only 45 minutes From Nairobi CBD and less than 30 minutes from Jomo Kenyatta Airport. There are plans for expansion of Kangundo Road into a dual carriageway, which will make the area even more attractive.
The plots are beaconed with internal feeder roads to easy access.
Kangundo Road and neighbouring suburbs are increasingly becoming popular with most Nairobi residents who have either bought land there or are planning to buy land.
In the vicinity, there were other prominent SACCOS that had purchased the pieces of land including Kenya Police SACCO, Afya SACCO and even Fadhili Homes. The area is already developed with electricity, borehole water and other social amenities in the locality.
Kangundo Road will benefit from increased spending on infrastructure this year, rising by 38.1 per cent from Sh347.4 billion in 2017 to Sh396.8 billion. The Kenya National Highways Authority has already earmarked Kangundo Road for an upgrade to a dual carriage road.
The upgrade will start from the intersection of Outer Ring Road at the former Caltex Petrol Station (now Total) all the way to Joska, Kamulu and Malaa. The area boasts posh estates like the Stima Plains by Stima. The project is located on 20 acres in Malaa. The area is also home to Sh500 billion Northlands Estate, currently under construction on 12, 000 acres in Ruai. It will also be home to Ruai Park Estate, which is being developed by investors from the United Arab Emirates. The investors plan to develop a mega city on 1,000 acres. Another big project in the area is Infinity Industrial Park. The project, which broke ground in 2016, is located at the junction of Eastern Bypass and Kagundo Road. “Some of the mega developments to be completed in the area in the next five years will slowly begin to push land prices up.
Some of the big real estate companies, eyeing a piece of the road and who have already started building gated communities, include Stima Investment Cooperative Society and HassConsult Ltd. Stima is putting up a Sh1.3 billion gated community called Stima Plains on 20 acres in Malaa which is just a few metres from Kangundo Road. It will consist of 340 units of two-bedroom apartments, three-bedroom maisonettes and three-bedroom bungalows.
The purchase price is as per the notice and to book the plot, at least a deposit of 10% of the purchase price is to be paid. The balance to be paid within 24 months with interest rate of 1% per month on reducing balance.
Any form of Payments can be channeled to KEWISCO Housing through the following channels;
CO-OPERATIVE BANK, LANGATA BRANCH,
A/c name: Kewisco Housing Coop Soc ltd
A /c No: 01120487939600
Paybill number 533639.
A/c No: The purpose, e.g. Share Capital, Malaa deposits etc.
Plot allocation is on first-come first- served basis.