Mi Vida Homes has launched the second phase of its housing project at Nairobi’s Garden City, with the 200 units priced from KSh9.5 million per unit.
The project dubbed Amaiya features one and two-bedroom duplexes and three-bedroom flats. The developer expects to break ground by April 2023.
“The market response to Mi Vida at Garden City shows that there is strong investor demand for properties that strike the delicate balance between quality and affordability, especially in a mixed-use setting,” said Samuel Kariuki, chief executive of Mi Vida Homes.
The realtor is also selling Keza, a housing project comprising up to 800 affordable units in Riruta area of Nairobi county with a mix of studio, one, two, and three-bedroom houses.
Groundbreaking for both Keza in Riruta and Amaiya in Garden City is in April next year. Keza has a starting price of KSh2.3 million.
Both projects target investors and home buyers seeking a mix of high yields, affordability, and quality developments.
Mi Vida Homes is a joint venture by ACTIS, the largest real estate private equity investor-developer in sub-Saharan Africa, and Sharpoorji Pallonji Real Estate (SPRE), a significant player in the Indian real estate sector.
Mi Vida, Gulf African Bank Partner to Mortgage Financing at 11.75%
