Shelter Afrique, Everest Park launch second phase of Athi River residential project

0
981
Everest-Park Estate
Everest-Park Estate. PHOTO/COURTESY

Having received approval for the occupation of Phase I of its Athi River based Everest Park Estate from the National Building Inspectorate in May, housing development financier Shelter Afrique and partner developer Everest Park Limited yesterday launched Phase II of the project at the cost of Ksh. 720 million.

Phase II of the project will consists of 60 one bed room units, 100 two bedroom units and 40 three-bedroom units. The one, two and three bedroom apartments will cost buyers Ksh. 2.95 million, Ksh. 4.95 million and Ksh. 6.5 million to acquire respectively. According to a news report by the Business Daily, as per the launch of the project’s second phase, 96 units had already been sold with one and two bedroom apartments in high demand from consumers.

“The world has a shortage of houses up to 51 million units with Kenya taking a share of two million units shortage, creating a need for affordable quality houses not exceeding US$ 30000 (Ksh. 3 million) in support of the government’s Big Four Agenda,” Shelter Afrique Managing Director Andrew Chimphondah is quoted as saying by the Business Daily.

On his part, Everest Park Limited Managing Director James Muriuki called on the government to support private developers seeking to augment President Uhuru Kenyatta’s Big Four Agenda by constructing low cost homes for Kenyans.

The buildings regulator had initially put on hold construction at the Athi River estate last year after discovering in an audit that its Phase 1 Block, which has 120 one-bedroomed units, 60 two-bedroom and 60 three-bedroom units, had structural defects such as cracked walls, faulty electricity lines, moldy walls and broken window panes.

 The safety concerns were however addressed by the two firms partnering in the project and this led to the re-opening of the estate for occupation last month after NBI ascertained that the building conformed to suggested structural adjustments.

ALSO READ: HF hands over KSh1.9 billion Richland Pointe Development to buyers

LEAVE A REPLY

Please enter your comment!
Please enter your name here