Real estate is a profitable but a costly venture for investors. Real estate investors are always on the lookout for properties to invest in either to settle their families or for future investments. There are many areas that are considered hot real-estate investment zones, especially for future investment.
Kangundo road is among the areas considered to be hot for real estate investment. Anyone looking to invest in real estate is advised to put their money in high potential areas like Kangundo Road.
- Kangundo road is therefore a hot real estate investment zone because of its location.
- Kangundo is a cosmopolitan area and Nairobians prefer investing here due to its proximity to Nairobi’s CBD.
- As more Kenyans move out of the heavily congested and costly capital of Nairobi, Kangundo road is proving to be a top choice for them.
- The area enjoys improved public transport and businesses have opened along the area. Kangundo Road is already being expanded to become a dual carriageway to ease traffic.
The infrastructure drive has consequently pushed upwards the land prices in this area. The area will continue to witness increased infrastructural developments over the coming few years.
- Machakos County and National governments increased spending on infrastructure in the area to construct the Greater Eastern Bypass in addition to the Eastern Bypass that is connecting the major Highways in Nairobi, Machakos and Thika has added onto the infrustructure drive.
- A size of land that was selling between Ksh 100,000 and Ksh 200,000 is now selling between Ksh 400,000 and Kshs 1,000,000 and houses that were selling between Kshs 2.9 million and Ksh 3.8 million are now selling between Kshs 4.9 million and Ksh 7 million.
These represent significant capital gains (profits) to landowners over a very short investment period. That is why investors are now looking to buy property along Kangundo Road as the area is considered the next hotspots of development.