Riat estate
in Kisumu is situated beside Mamboleo, down the Kisumu-Kakamega highway. It's
actually a hilly estate with a great potential for just about any form of
investment that a person may wish to operate. This is an area that any serious
investor looking to spend on land for sale in Kisumu cannot just ignore. The
area has a kind of a unique versatility in such a way that it can support
various investment ventures namely; agriculture, hotel business, hostels,
business complexes, villas and on top of it all, without doubt it is one of the
best destinations to build up a personal home. Riat estate is increasingly
boasting of a new sort of neighbors, mostly being inclusive 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 region considering its
quietness, serenity plus its magnificent view. With deep-rooted hotels within
the region, like Ukweli resort already doing well, the area is basically a
promising site for hotel business. Majority of individuals in search of hotel
services usually seek the out of town setting and that is simply 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
likewise suited for construction of villas, cottages or maybe even holiday
homes. The setting of Riat hills can provide for a good weekend getaway or just
a family outing. Serious property developers with good money to enlarge them
can venture into this fresh concept that is yet to actually be fully utilized.
Already, a Swedish real estate developer, Coromandele Investment Limited has
set pace within the area for this manner of investment with a plan to set up
luxury Swedish designed villas to be known as Hills villas.
Homes
Africa, a listed real estate property firm is likewise all set to develop gated
community within the same area on a 72-acre part of land some of which it’s
still supplying to buyers wishing to build holiday homes. The business of
villas and holiday homes is slowly picking up in Riat and it’s merely a bit 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 very soon.
Rental
apartments are as well viable venture within the Riat hills. Having more
affluent people pushing into the region, there is absolutely going to be a need
for rental units for the high income earners that are still not able to build
their personal homes. Already, some real estate property developers have moved
in and constructed units to accommodate such clients. One example happens to be
the Victoria hills apartment, which is a gated community, made of 24 units.
The bigger
population in the area will create a need for shopping complex, thus the demand
for commercial buildings.
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