Nairobi News


Nyota Njema Real Estate ventures into affordable housing

The national government’s affordable housing project is gaining momentum with the real estates’ now changing their approach in the business.

This is the step Nyota Njema Real Estate has taken following an announcement made by its founder and CEO, Mr Perminus Kariuki.

Speaking during the handover ceremony of title deeds to some of the members, Mr Kariuki said the company has embarked on affordable projects for their clients.

“We are keen on ensuring that our projects are as affordable as possible to provide ability and capacity for those who are looking to invest in affordable housing. We may not be developing houses now but we are providing affordable lands in strategic locations where they can build their homes,” Mr Kariuki said.

Also read: Please, include us in your government, PWDs appeal to President Ruto

He said the company is also empowering people by offering payment plans that are as low as Sh20,000 per month.

The company is also working closely with county governments to ensure newly constructed houses meet the environmental standards set by each county.

According to Mr Kariuki, through the company’s facilitation, more than 1,000 title deeds have been issued to land owners in the country.

He said 60 per cent of the company’s clients are in diaspora, making the firm among those contributing to foreign income investment.

Also read: TikTok urges Kenyan MPs to prioritise safety, visit global trust centre

The company has also formulated an application which has enhanced more transparency and accessibility.

“We have made it easier for our clients to access listings on properties and communicate with our advisors conveniently through the smartphones facilitating quick responses to inquiries and reducing communication barriers,” Mr Kariuki said.

During the event, Dr Nelson Kuria was named the Chairperson of Board of Directors, which is expected to be a pillar to the company as they play a crucial role in guiding and overseeing the strategic decision and overall performance.

Other members of the board include Sam Kihara, Lilian Gachoki, John Mwangi, Josephine Njau, and Catherine Waithera.