REAL ESTATE NEWS
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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…
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A local bank has reportedly put up for sale 100 acres of land belonging to Urithi Housing Co-operative Society.
The parcel of land named Panorama Gardens has been put up for auction after the society defaulted a loan, Daily Nation reports.
Urithi acquired the property located in Gatanga in 2016 at…
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Employees attached to the United Nations offices in Nairobi have accused Kenyan landlords of extorting them.
The staff lamented that Nairobi landlords refuse to refund house rent deposits whenever they move out of their houses.
They are now seeking diplomatic intervention to have the matter…
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Kenyan low-income earners are set to begin getting cheap house loans following the launch of Kenya Mortgage Refinance Company (KMRC).
The State-backed refinancing company was launched this week by President Kenyatta as part of the government's plan to deliver the affordable housing project.
KMRC…
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President Kenyatta has officially launched the Kenya Mortgage Refinancing Company (KMRC), a government-backed entity whose mandate is to deliver low-cost houses to low-income earners in the country.
KMRC has been formed through a partnership between the government and the private sector.
The…
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The government is on Wednesday set to launch a company whose mandate will be to deliver President Kenyatta's affordable housing project.
Dubbed the Kenya Mortgage Refinancing Company (KMRC), the government-backed entity will advance cash to banks and Saccos for on-lending to Kenyan home buyers.…
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Members of Parliament have temporarily saved Nairobi's Seefar Apartments from being demolished.
In what could be a sigh of relief for homeowners at Seefar Apartments, members of the Parliament's Environment Committee have barred involved government agencies from bringing down the expensive…
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The Nairobi county government is set to pay residents of old Pangani Estate Sh28.8 million to vacate the area.
City Hall says each of the about 50 families living in the estate will receive Sh600,000 to vacate the properties to pave way for new development.
Once they vacate, old houses in the…
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The World Bank has approved a loan of $250 million (Sh25 billion) to Kenya to help with the country's affordable housing.
Through the Kenya Affordable Housing Finance Project (KAHFP), the loan will support the establishment of Kenya Mortgage Refinance Corporation (KMRC).
The government plans to use…
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Housing and Urban Development Principal Secretary Charles Hinga says the government will allocate low-cost houses to Kenyans using a lottery system.
Speaking during an interview with Citizen TV, PS Hinga has revealed that only those who register and make monthly contributions to the Housing Fund…