June 19, 2015 IBOMLLC Team

Impact Of Satellite Cities In Real Estate In Kenya

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Lamudi looks at the impact of the upcoming satellite cities in the market

Developers and the government are partnering to come up with satellite cities that will help decongest the capital city, Nairobi. The recent trend of satellite cities in real estate improves investment on amenities in the area and people do not have to rely on the capital city but venture into other cities in the country.

The recent mini-city coming up in Limuru, Kiambu County is Tilisi. The plan was started two years ago in preparation for vision 2030. The project will cover 400 acres and is projected to turn the area into a world class residential and commercial area.

Lamudi Kenya Managing Director Dan Karua said: “Satellite cities are mainly started due to demand from business developers in a certain area hoping they will solve aspects like urbanization and create modern cities that will complement the development of the country. The towns outside Nairobi are growing very fast and turning them into satellite cities is just one of the solutions for development.”

Konza city and Tatu city are also coming up and will …read more

Read more here:: Impact Of Satellite Cities In Real Estate In Kenya

      

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