- Add new comment
- 831 views
Urithi Housing Co-operative Society Limited has assured investors that their projects are safe from being auctioned over defaulted loans.
In a public notice issued on Thursday, the society said that the 100-acre Panorama Gardens, which was reportedly facing auction, was cleared after negotiations with the bank and members of the project.
“The property was acquired through a Bank loan with a five-year repayment plan. For the past three years, the facility has been regularly serviced. Following fruitful deliberations between the Urithi Secretariat, the bank and members of the project, an amicable solution was arrived at on the clearance of the balance,” read the notice in part.
This week, the Daily Nation reported that the bank, through Nairobi-based Antique Auctions Agencies, issued Urithi with a 45-day redemption notice to offset a debt of Sh263 million.
Urithi also addressed the controversy surrounding another of its project dubbed Olive Tola 3 and 4, where investors were allegedly kicked out of the land by original owners over failure to settle a debt.
The society said it held a meeting with members of the project where they agreed to expedite the payment process.
“Meetings held between the Urithi’s Secretariat and Members of the project have recommended and agreed on the acceleration of payments to the vendor. This has been an ongoing process which culminates to the issuance of title deeds,” added Urithi chairman Samuel Maina through the notice.
The real estate company said it had issued more than 7,000 title deeds to investors since its establishment in 2012.
“Despite the challenges, through this model, Urithi has been able to complete and hand over to our members' houses from as low as Ksh495,000 for self-contained studio apartments to Ksh3.6 million for a three bedroomed bungalow on its own compound. These include Own A Room project in Juja, Springs View Estate project in Thika, Juja Plainsview Estate in Juja, GEM I in Witeithie and Lanet Homes in Nakuru,” added Maina.
Comments
Dear Mwanaichi. Urithi has another more fake project in Nyeri Town called “GOLDEN GREEN ESTATE”. This one Nyeri sales guy whenever a prospective buyer comes knocking his office, somehow he alerts his secretary to inform and dispatch well depressed goons to the Shamba so that by the time the prospective buyer gets chauffeured with Urithi Van, the prospective buyer would find these goons busy looming in the property pretending to be buyers where the Urithi sales guy start engaging with them to make it look real. In 2017, this Urithi sales guy weighed about 60 KGs and today he is close to 100 KG. To say the least, Nyeri Golden Greens is a charm. I am being honest they have swindled my beloved son in diaspora and who is now in suffering from deep depression. Imagine muriu wakua athambigia tuthee America and he was ready to return home and build a few apartments after completing payments on the fake plot at GOLDEN GREEN ESTATE in Nyeri. Ndahoya Ngai amagithie ene Urithi thayu matuku maria mothe magutura muhuro wa riua na njiaruo chiao mindi na mindi.
Pole sana, James. Ibuku itheru riugaga Ngai niarathimaga wira wa moko ma mundu.
Kahinda gatari chihi ene Urithi makuanjia gwithua na chiigokora na amue ao matikoima muhoro wa riu matari maguruka, nangi makonganagia makoro thokoi-ini chia matura-ini mao kuma 6:30 AM to 7:15 PM, Monday through Sunday.
Urithi Housing, the same way you have caused someone's son to get depressed,may madness never leave your family members that you may learn to fear God! I am also a victim of your investment scams but thank God he opened other doors! Keep fattening yourself with investors cash & then die of stroke!
Wakenya kweli ni "wachoraji", na "uchoraji" wao unaendelea kustawika na kunenepa kila kukicha. "Uchoraji" huu, ambao ni ustadi wa wizi wa hali ya juu na ya kipekee, ingelikuwa jambo la busara kuanzisha shahada hii katika vyuo vikuuu vyote. Ni ukweli kwamba, leo hii huwezi kumwamini hata babako, mamako, kakako, dadako, mjombako au rafikiyo kati swala lolote lihusio uwekezaji mle Jamhuri. Watazame viongozi wanafiki wanavyopora mali ya umma. Tazama baadhi ya wachungaji wanavyowatapeli wahujaji na washiriki wao. Kenya imewaka moto si haba. Wakenya wenyewe wameiteketeza nchi yao kwa miayo ya ufisi na ulafi. Tazama jinsi Ngare Gakuyo alivyowahangaisha wawekeza wake waliomuamini sababu yeye ni muhubiri. Sikiza sasa ya Suraya na Uridhi. Toka pale tunaelekea wapi? Mmmmm! Optiven. Endelea kusoma kurasa hili.