Tuesday, September 27, 2022

Safaricom Investment Co-operative breaks ground on KSH750 Million residential development in Ruaka, Kiambu

Safaricom Investment Co-operative has today held its groundbreaking for The Miran Residence, a luxurious urban residential development situated in the Western end of the Nairobi Bypass, Ruaka in Kiambu County.

The Miran Residence is a three-acre development that consists of studio apartments, studio lofts, and one, two and three-bedroom apartments that incorporate modern architecture and new consumer trends to promote a wholistic lifestyle in a secure and serene environment.

“The Miran Residence offers an all-inclusive lifestyle to all. The architectural design promotes a healthy lifestyle with the green space allocation within the development to cater for social functions, meditation and play areas, jogging track and sports courtyards that can be used for basketball, tennis or football.

We also understand the needs of the markets such that a one-bedroom user may not have the same needs as that of the family in the 3 bedrooms. As a result, we have different living arrangements with the isolation of single living units from the family ones,”

said Safaricom Investment Co-operative Chief Executive Officer Sarah Wahogo.

Speaking during the groundbreaking ceremony Ms Wahogo also added,

“The Miran Residence is an exceptional investment not only because of the amenities and the location, but Ruaka is a fast-growing area, and we have an expected rental yield of between 7 to 8 per cent due to the good transport infrastructure, the growing social amenities such as healthcare facilities, schools, hotels and shopping malls, diverse population and secure environment whether for occupation or as an investment.”

The development also consists of thoughtfully designed units with well aerated spacious rooms, large windows, laundry yards provided in each unit, adequate storage space for comfortable living and privacy of rooms to separate living room and the bedrooms, and use of low maintenance cladding materials for the exterior finishing of the apartments in addition to the common amenities such as adequate parking space, waste disposal pockets in each block to keep estate clean, high-speed lifts, reliable water supply, among others.

Investing in real estate in your 20s in Kenya

Speaking during the ground breaking ceremony the Director, Housing, Kiambu County Julius Mwololo lauded Safaricom Investment Co-operative Society for contributing to the economic development of Kiambu County in land and housing.

“We are very proud to witness the ground breaking of this development, an affordable housing project. We will work closely with the Co-operative to support the infrastructural developments needed to boost the value of real estate in Ruaka and Kiambu county as a whole,”

he added.

The price for The Miran Residence ranges from KES 3.2 million to KES 6.5 million. The Miran Residence consists of studio, studio loft, one- and two-bedroom apartments.

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