Investors in Nairobi city are slowly turning on expanding themselves in the outskirts of the city and areas near the country’s capital city.
They say that the city was growing and they need to expand their investments in areas near their other businesses.
Mark Touch Engineering Limited chairman Titus Kariuki says that some of their plans was to expand their businesses where their customers can access them with ease.
“We plan to buy land or lands area near Nairobi, where we will not pay rent but where our clients can access with ease. Somewhere you can rush within an hour and be back in the city” he said in a telephone interview with journalist’s.
“When we expand, we create jobs like marketing, transport and increase sales. Our main outlet is in the Nairobi’s Central Business District” Kariuki said.
He applauds land buying companies like Amcco Properties Limited situated in Kikuyu town, dealing with lands near the capital city, saying they are offering lands at prime areas.
“They have parcels of lands near the city. Traders seeking to expand their businesses have choices to chose the location where they want to move to” he said.
“We visited Amcco as we were looking for an expansion, and we realised that they have very attractive rates, accessible lands to tarmac and wifi connections, as well as attractive price offers. We have visited others, but Amcco is doing well” he added.
Amcco Managing Director James Muturi says that traders were creating jobs for many people and they need to be considered while lands are being bought and sold.
He says that they have been dealing with lands in Kikuyu, Ngong, Ndeiya and areas within those regions since they are easily accessible.
He adds that, in real estate businesses, it is important to offer traders and investors a chance to expand themselves.
Muturi however, says that the country needs about 250,000 houses annually, adding that those were residential and trader enterprises.
Muturi reveals that is the reason why many real estate companies are always on the rush to buy and sell lands having built homes and others are sold while undeveloped.
“As investors, we must also think about other traders. Our country is built by investors. Their taste and preferences really matters a lot” he says.
The MD reveals that they also expanding themselves in other areas near Nairobi, where they van buy lands and develop real estates so as to offer housing solutions for residential and trade.
An economic analyst Dr William Gichuhi on Sunday said that investments in this country need to be held with caution since it contributes a lot to the economy.
“At this age and time, no one should play with people’s investments” he said.
Muturi reveals that, their strategy has attracted even Kenyans living in diaspora to hook up with them so as to secure lands residential and even investments.
“Many Kenyans living outside the country openly reveals plans to invest when they come back to their own country. They start looking for us since we have a department that is now dealing with such issues ” he revealed.
” We wouldn’t want to hear of cases where we bought a land and sold it to someone innocently, and there is a dispute haunting him” he said.
Before they buy a land, Amcco says they investigate it and once they notice that there was unresolved dispute, they just leave it..