Riat estate
in Kisumu is situated just beside Mamboleo, in the area of the Kisumu-Kakamega
highway. It is a hilly estate with a great potential for all form of investment
that a person may want to do. This is an area that any serious investor aiming
to spend money on land for sale in Kisumu cannot just ignore. The region has a
kind of a unique versatility in that it can support various investment ventures
namely; agriculture, hotel business, hostels, business complexes, villas and on
top of all these, without doubt it is one of the best areas to build a personal
home. Riat estate is increasingly boasting of a new variety of neighbors,
mostly characterized by well-off individuals and real estate property investors
with a vision for affluent urban living designs.
The hotel
business is particularly very suitable in this area considering its quietness,
serenity and also its magnificent view. With well established hotels within the
region, like Ukweli resort already showing good results, the area is a
promising site for hotel business. Majority of individuals looking for hotel
services usually seek the out of town setting and that is just what Riat hills
entail. The picturesque view of the estate only serves to boost its capacity
and credential to sufficiently host and accommodate the hotel industry.
The area is
also suited to construction of villas, cottages or perhaps holiday homes. The
setting of Riat hills can provide a good day or two holidays or perhaps a
family outing. Serious property developers with good money to escalate them can
venture into this fresh concept that is yet to be fully utilized. Already, a
Swedish real estate property developer, Coromandele Investment Limited has set
pace within the area for this form of investment with a plan to put up luxury
Swedish designed villas to be known as Hills villas.
Homes
Africa, a listed real estate firm is likewise all set to set up gated community
within the same area on a 72-acre piece of land most of which it’s still
selling to buyers wishing to build holiday homes. The business of villas and
holiday homes is slowly picking up in Riat and it’s only a bit of time before
it reaches its peak. Therefore a wise investor should rush for a portion of
this part of land for sale in Kisumu in anticipation for the expected boom in
business very soon.
Rental
apartments are likewise viable venture in the Riat hills. With more affluent
people moving into the region, there's absolutely going to be a requirement for
rental units for the high income earners who definitely are still not ready to
build their personal homes. Already, some real estate property developers have
moved in and constructed units in order to accommodate such clients. One
example happens to be the Victoria hills apartments which is a gated community
consisting of 24 units.
The higher
population in the area will create a requirement for a shopping complex, thus
the need for commercial buildings.
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