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Economy

Tatu City plans posh estate to rival Muthaiga

Signage at Tatu City. FILE PHOTO | nmg
Signage at Tatu City. FILE PHOTO | nmg 

Tatu City will set up an exclusive upmarket neighbourhood within its 5,000-acre land in Kiambu that will rival Nairobi’s leafy suburbs such as Muthaiga and Karen.

The proposed top-end estate has been given a code name — low density area — to portray its exclusivity for a few deep-pocketed aspiring homeowners. It will be nestled in the most prime part of the satellite city’s residential land.

Tatu City has divided its residential land in a way that apartments, whose construction is ongoing, will sit closer to the road, followed by bungalows and villas on half and a quarter-acre plots.

Deep inside will be the proposed exurb that will constitute homeowners on more than one acre each.

“Even as we focus on the first two segments, we also have plans for an exclusive neighbourhood,” said Nick Langford, country head for Rendeavour, the American firm developing Tatu City.

He, however, did not wish to provide the cost of land in the exclusive neighbourhood.

But currently, a quarter acre plot costs Sh10.5 million while half an acre goes for Sh16 million. Based on this figures, an acre would set you back Sh32 million, excluding the cost of home construction, which in total could top Sh100 million, depending on its size and design.

The quarter acre and half-acre plots sit in a residential land, dubbed Kijani Ridge, which is part of Tatu City’s upcoming mixed-use development of a satellite city that will feature high-end homes, private schools, offices, shopping malls, hospitals, hotels, light industries and entertainment spots.

The Kijani Ridge residential zone is subdivided into 439 plots and sits on 250 acres.

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