Tatu City plans new posh estate to rival Muthaiga, Karen
Tatu City will set up an exclusive upmarket neighbourhood within its 5,000-acre land in Kiambu to rival Nairobi’s leafy suburbs such as Muthaiga and Karen.
The proposed top-end estate has been given a code name — low density area — to portray its exclusivity for a few deep-pocketed aspiring homeowners.
Tatu City has divided its residential land in a way that apartments, whose construction is ongoing, will sit closer to the road, followed by bungalows and villas on half and quarter-acre plots.
Deep inside will be the proposed exclusive neighbourhood that will constitute homeowners on more than one acre each allowing its owners to build outdoor facilities like swimming pools and gardens with homes fitted .
EXCLUSIVE NEIGHBOURHOOD
“Even as we focus on the first two segments, we also have plans for an exclusive neighbourhood,” said Nick Langford, country head for Rendeavour, the American firm developing Tatu City.
He, however, did not wish to provide the cost of land in the exclusive neighbourhood
But currently, a quarter acre plot at Tatu goes for Sh10.5 million while half an acre goes for Sh16 million.
This signals an acre will cost between Sh32 million and Sh40 million. Rendeavour targets the cream of Kenya’s real estate buyers that includes international civil servants, top businessmen and civil servants whose numbers are expected to rise significantly in the next two decades.
The quarter acre and half-acre plots sit in a residential land, dubbed Kijani Ridge, is subdivided into 439 plots and sits on 250 acres of which 326 plots have been bought over the past three years.