Monday 14 November 2016

WHY ONE SHOULD INVEST AT KANGUNDO RD



The Eastern frontier is the next area to invest in i.e along Eastern bypass and Kangundo road. As you travel from the Nairobi Central Business District towards Tala through Kangundo Road, you will notice massive construction works. The road that starts from Outering Road has been seeing a lot of developments in real estate.

Infrastructure development such as good roads, Power and security cameras is one major attraction of investors in this area. The Machakos County Government has constructed roads, including from Daystar University to Kangundo rd, Mlolongo interchange to Kangundo rd and Kenya Meat Commission to Joska. The construction of Outering road connecting Tajmall near Mombasa road and Thika road at Allsops, and the Eastern bypass linking Ruiru from Mombasa road through Kangundo road. This has eased traffic along Kangundo road significantly.

Lower cost and availability of huge chunks of land is another major attraction. Land in this area is relatively cheap compared to other counties like Kiambu, Kajiado and even the other side of Mombasa road. A number of middle-class city dwellers have put up their own houses on Kangundo Road, while private developers are also busy putting up residential houses for rental and sales. 
Land along this areas has appreciated in price significantly in past few years. Today, the same size of land that’s was selling for between Shs 50,000 and Sh100, 000 five years ago is selling at between Kshs 700,000 and Kshs 1.5Million. Water is also available on site mostly borehole making this the next frontier for both settlement and speculation.