Real Estate firm, Mizizi Africa Homes has begun the construction of a 25-unit modern housing project at Kimunyu town, along Kenyatta road Exit 14, off the Thika Road Superhighway.
Peacock Estate Phase 2 is the second project of a kind to be unveiled by the developer in less than two months to underscore the rising demand for affordable housing units in the country.
“Housing has become a central point of focus lately fuelled by the COVID-19 pandemic that has shown us we need spacious rooms for isolation in case of emergencies and access to better sanitation as a first point of defence, but all these should not be costly,” said Mizizi Africa Homes Chief Executive Officer, George Mburu during the ground breaking ceremony for the project.
Mr Mburu stated it is based on this that the real estate firm is responding to this rising need.
“We are now seeing people rushing to snap up few affordable housing units available in the market. Kenyans are also looking at units with modern designs that are also within their budget,” he added.
The latest project is a 4-bedroom maisonette, all-ensuite with a spacious master bedroom, a bath tab and a walk-in closet.
The new design comes with a flat roof and an extra room for either home office or library to support a ‘working from home’ scenario especially during the pandemic.
Other key features include a spacious sunken lounge, dining area with large windows for natural lighting, a provision for solar power and an offer for free internet for a year.
The Mizizi Africa head said listening to customers and being dynamic to changes in the market have been a great source of inspiration leading to the firm in structuring designs to meet clients’ expectations.
Peacock 2 will have 25 units when complete with a unit going for Sh. 6.5Million in cash price or Sh 6.75 million for those opting for a 10-month instalment payment plan upon depositing Sh 3 Million.
Peacock 2 will cost over Sh. Over 100 million to put up and will take about 10-12 months to complete and handover to owners.
However, Mr Mburu has decried the high cost of construction materials due to the return of VAT and dollar fluctuations that has resulted in weakening of the Shilling.
He said Cost of cement, nails, tiles have risen significantly.
“We are coming up with new house designs for the subsequent projects to adopt flat roofs to help us off-set the rising cost of construction. Roofing could take almost half of the total construction costs.”
He adds, “Flat roofs are also not labour intensive and will help us to continue delivering affordable housing units at minimum cost.”