In this article, we will provide insights into the area that has become increasingly popular for land investment among people from Nairobi.
Kangundo Road: Kangundo Road is emerging as one of the fastest-growing investment locations that has been attracting both local and foreign real estate investors within the Nairobi Metropolis. Several factors contribute to its popularity, including:
1. Affordable Land Prices: Kangundo Road offers relatively affordable land prices compared to more central areas of Nairobi, making it an attractive option for investment.
2. Availability of Ready Title Deeds: The availability of ready title deeds simplifies the land acquisition process and instills confidence in investors.
3. Affordable and Readily Available Construction Materials: The accessibility of construction materials at reasonable prices further encourages real estate development in the area.
4. Elaborate Public Transport System: Kangundo Road benefits from an efficient public transport system, ensuring easy accessibility and convenience for residents and investors alike.
5. Cosmopolitan Nature of Satellite Towns: The satellite towns along Kangundo Road, such as Ruai, Kamulu, Joska, and Malaa, have a cosmopolitan character, making them desirable places for both residential and business purposes.
1. Ruai Town: Ruai is the first town along Kangundo Road after the Eastern Bypass intersection, approximately 24 km from Nairobi CBD. Over the last five years, Ruai has experienced significant growth, with the establishment of financial institutions like Equity Bank, major retail stores, referral hospitals, and business offices for real estate companies.
The area has witnessed land price appreciation at rates ranging from 18% to 23% annually during this period, driving increased demand for land in neighboring satellite towns.
2. Kamulu Town: Situated just 28 km from Nairobi CBD, Kamulu Town is another rapidly developing area along Kangundo Road. Unlike Ruai, Kamulu is primarily a residential area, making it an ideal choice for families. Land prices in Kamulu are relatively affordable, with 50x100 plots ranging from 1.1 million to 2.5 million, depending on their distance from the main road.
3. Joska Town: Joska Town, the third stop from the bypass junction, has experienced remarkable growth. Positioned under Machakos County and intersected by the proposed Eastern Bypass, Joska offers excellent investment opportunities for both business and residential developments.
4. Malaa: Malaa is an emerging town along Kangundo Road that has experienced rapid growth in a short period. Land in Malaa is still very affordable, making it an opportune moment for those with fresh business ideas. Land rates in Malaa range from 399,000 to 800,000, making it an attractive prospect for investors.
With this information, prospective investors gain valuable insights into the Kangundo Road neighborhood, where land is still affordable and offers opportunities for both settlement and business ventures.
