The Kenyan real estate market is currently undergoing a significant shift as the rise of gated communities and serviced plots becomes increasingly popular. More and more people are opting to live in a community of like-minded individuals and are transforming the way that Kenyans think regarding property ownership.
Key Takeaways
- Rising Demand: Gated communities and serviced plots are growing at a 10% annual rate, driven by urbanization and a rising middle class.
- Modern Solutions: They address security, infrastructure, and environmental sustainability while promoting community living.
- Customizable Housing: Serviced plots offer pre-installed infrastructure, allowing investors to build personalized homes affordably.
- Enhanced Security: Gated communities provide features like perimeter walls, CCTV, and manned gates for safety and privacy.
- Strategic Locations: Developments near urban centers ensure easy access to schools, hospitals, and amenities.
- Future of Real Estate: These trends redefine property ownership and modern living in Kenya, making them smart investment choices.
According to Realtor Trends, there is a 10% annual growth rate in demand for gated communities and serviced plots which is fueled by urbanization and a growing middle class. Whether within bustling urban hubs or even the outskirts of upcoming towns, gated communities and serviced plots are redefining the concept of property ownership.
Gated communities and serviced plots offer modern solutions to the high demand for security, access to infrastructure, urban congestion and environmental sustainability at an affordable rate.
The Appeal of Gated Communities
One major significant shift currently being experienced in the real estate sector is the appeal of gated communities. What was once a symbol of wealth is no longer a metric for measuring wealth as it has now become the norm among real estate investors including the rising middle class. Due to its holistic design of living that includes well-planned housing units coupled with easy access to social amenities, gated communities offer security and a sense of community to its residents.
Developers are also incorporating eco-friendly designs and smart technologies into these spaces, catering to the growing demand for sustainable and modern living. Some of the key features that residents of a gated community enjoy include perimeter walls, 24/7 manned gates, CCTV surveillance, generators, solar-powered systems and restricted access to these neighborhoods. These amenities provide the residents with peace of mind particularly to families as the children can play safely with each other. Besides security, gated communities also offer privacy and exclusivity which cannot be achieved in high-rise apartments.
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To align with the evolving dynamics of the real estate sector, land-selling companies are increasingly incorporating gated community concepts into their projects. Organizations like Username Investments Ltd. are at the forefront, developing properties that embrace this approach to ensure that investors build their homes within a community of like-minded individuals. These developments foster a sense of security, exclusivity, and community living, creating an ideal environment for modern homeowners and long-term investors.
Serviced Plots In Kenya
What comes to mind when you hear of serviced plots? Just like the name suggests, serviced plots are value-added plots that come with essential infrastructure such as electricity, water and accessible road networks already in place. Serviced plots are emerging as a cost-efficient alternative for investors as opposed to traditional real estate options that come without any additional services offered by the sellers. Serviced plots save investors the hassle and cost of coming up with the required amenities on their own. Consequently, serviced plots are more often than not a part of a controlled project plan where the seller subdivides a large track of land for sale and includes value addition for all to share thus ensuring the investors maintain a harmonious living.
In Kenya, the popularity of serviced plots is mainly attributed to the continued growth of middle-class investors who are looking for affordable yet customizable housing options. With serviced plots, investors build houses with designs of their choice thus allowing them to personalize to their own liking and invest within their budget. This is different from buying ready-made houses in a gated community which only come with a few designs to choose from.
Today real estate developers are strategically positioning serviced plots near growing towns and cities to ensure proximity to amenities such as schools, hospitals and shopping centers. One such development is The Delight Nakuru project which is located just 20 minutes drive from Nakuru city. This accessibility further enhances the value of the project in addition to the value additions included. The project is well-serviced with an estate gate, well-developed access roads, a communal park, borehole water, a water tower and a perimeter fence.
Final Thoughts💡
Due to urbanization, there is a high demand for Kenyan real estate to offer organized and secure residential solutions that cater to the needs of like-minded individuals all at once. Gated communities and serviced plots cumulatively offer the solution to these demands and enhance community living.
By offering a blend of convenience, security, and lifestyle-enhancing amenities, these developments are redefining property ownership and living standards in Kenya. For anyone seeking smart real estate investment options gated communities and serviced plots are the way to go. With these revolutions, now is the perfect time to invest in a convenient, secure, and life-enhancing property.
