Riat estate in Kisumu is situated along next to mamboleo, along the Kisumu-Kakamega highway. It is a hilly estate with a great potential for any form of investment that one may wish for. This is an area that any serious investor looking to invest in land for sale in Kisumu cannot afford to ignore. The area has quite a unique versatility in that it can support various investment ventures namely; agriculture, hotel business, hostels, business complexes, villas and on top of it all, it is one of the best places to build a personal home.Riat estate is increasingly boasting of a new breed of neighbors, mostly consisting of well-to-do individuals and real estate investors with a vision for affluent urban living designs.
The hotel business is particularly very suitable in this area considering its quietness, serenity and its magnificent view. With well established hotels in the region, like Ukweli resort already doing well, the area is a promising site for the hotel business. Most people looking for hotel services usually seek the out of town setting 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 suitable for construction of villas, cottages or even holiday homes. The setting of Riat hills can provide for a good weekend get away or even a family outing. Serious property developers with good money to boost them can venture into this fresh idea that is yet to be fully utilized. Already, a Swedish real estate developer, Coromandele Investment Limited has set pace in 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 also planning to build a gated community in the same area on a 72-acre piece of land some 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 just a matter of time before it reaches its peak. Therefore a wise investor should rush for a piece of this part of land for sale in Kisumu in anticipation for the expected boom in business in the near future.
Rental apartments are also viable venture in the Riat hills. With more affluent people moving into the area, there is bound to be a need for rental units for the high income earners who are still not in a position of building their own homes. Already, some real estate developers have moved in and constructed units to accommodate such clients. An example is the Victoria hills apartments which is a gated community consisting of 24 units.
The increased population in the area will create a need for a shopping complex, thus the need for commercial buildings.