Tuesday, March 10, 2015

Get a plot in Riat estate and get to explore various investment opportunities in land for sale in Kisumu



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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