The Delamere family is for first time in more than 100 years subdividing its Sh5 billion Naivasha-based estate as part of a succession plan involving grandsons of the settler farmer.

The aristocrats have registered a new company, Ngombe Limited, to inherit some 1,680 steers and 792 cows in his stable and a separate entity to hold its real estate property.

Each steer is estimated to cost Sh65,000 while a cow is priced at Sh140,000, meaning the company is starting with an asset base of about Sh215 million.

At least 296 families in Nairobi’s upmarket Runda Estate will be rendered homeless after the High Court ordered partial demolition of the gated community to create room for the construction of the 21-kilometre Northern Bypass corridor.

Lady Justice Mumbi Ngugi threw out twin petitions by Runda Mimosa Estate and Cycad Properties Ltd seeking to stop the government from reclaiming 20 metres consumed by the housing estate from the original 80 metres earmarked for the road expansion.

The Konza technology city, which is set to be Africa's first silicon savannah, is expected to grow the country's economy tremendously, through job and investment opportunities. The city will sit on 5,000 acres of land in Malili in the county of Machakos, and is expected to create at least 200,000 jobs.

The city is modeled on Egypt's Smart Village and will have different types of housing to accommodate different income levels, and in the process decongest Nairobi.

NTV's Zainab Wandati reports on the dream city.

Safaricom CEO Bob Collymore

Kenyans in the Diaspora can now invest in real estate back home, thanks to efforts aimed at making the process smoother.

As part of realising Vision 2030, property investment, which used to be a rigorously procedural process, is slowly transforming into a quick and convenient click-of-the-mouse process where interested clients can wire in money, express their interests and see their dreams transformed into realities.

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The average size of a home loan rose to Sh6.4 million in the past two years pushing the dream of financed home-ownership further away from the majority of Kenyans.

Central Bank of Kenya data shows that a general rise in property prices forced potential borrowers to apply for higher amounts.

Commercial banks have Sh122.2 billion worth of home loans held in 19,177 accounts at the end of December 2012 or an average of Sh6.4 million each up from Sh5.6 million at end of 2011 and Sh4.1 million in mid-2010.

Property owners will lose hundreds of millions of shillings as the government clears the route for a new bypass between Rongai and Kitengela.

Landowners in Kajiado County are, however, demanding compensation from the State before demolition of their residential and commercial structures.

Top government officials in Kajiado County last week toured the 23 kilometre stretch and asked those whose houses and portions of land sit on the way to co-operate and leave since they were duped into buying and along the bypass.

An upcoming Sh500 million exclusive Malindi resort owned by Italian billionaire Flavio Briatore will open its doors in August.

Mr Briatore, who was on a one-day inspection tour of the project at the weekend, arrived at the Malindi Airport aboard a private luxury jet and went straight to the construction site where he met the contractors.

He held several meetings before leading journalists on a tour of the resort. A jovial Mr Briatore said a casino, which is one of the prominent features of the facility and the reception was complete.

Nairobi dropped 10 places in a ranking of the world’s hottest high-end property markets as the high cost of loans and political uncertainty slowed appreciation of house prices.

The Wealth Report 2013 by global property consultancy Knight Frank shows average property prices in Nairobi’s high-end estates rose by 10 per cent in 2012, placing Kenya’s capital in position 11 out of 80 cities surveyed.

Knight Frank attributed Nairobi’s drop to the increased lending rates, and political noise that heightened in the months prior to the March 4 General Election.

The first time Ian Kahara and Kimiti Wanjaria were mentioned in the Business Daily, some readers were surprised and questioned how the young investors were able to venture into the lucrative real estate market despite their young age. They were both 29 at the time.

Indeed, every successful person has a story to tell and whether it adds up or not, what should matter is the inspiration derived from the humble beginnings of such ventures.

Safaricom Investment Co-operative has unveiled Sh1 billion housing project on a five acre parcel of land in Mlolongo.

The 300 housing units dubbed, Blue Bells Garden will be constructed in two phases. They will be completed in 2015.

The project will be financed through a partnership with Co-operative Bank

Speaking during the ground breaking, Safaricom Chief Executive Officer Bob Collymore said the first phase will be ready in September 2014, while the second phase will be ready at the end of 2015.