Ngong is one of the best performing satellite towns near Nairobi due to the ongoing infrastructural developments such as the recently tarmacked Ngong – Suswa road, SGR and SGR Station and ongoing expansion of Ngong Road.
Thousands of Nairobians are considering investing in this area due to its close proximity to Nairobi CBD and availability of affordable land with prices below Ksh 1M.
Konza Techno City is a national flagship project under Vision 2030, Kenya’s economic development blueprint that seeks to propel the country to middle-income status by 2030.
The city is gradually taking shape with the recent completion of the administration block.
Konza was also allocated Kshs. 6.3B for infrastructure development in the Kenya Budget 2020/2021.
All these infrastructural projects are positively influencing the prices of land in Konza area and investors are already investing here.
Konza area has prices of prime land selling at prices as low as Ksh 299,000.
The anticipated construction of the greater Eastern bypass in the neighbourhood is gradually opening up the area and driving demand for real estate.
The completion of dualling of the Outering road has also helped ease traffic between the city centre and Kangundo Road, adding to convenient access as well as the attractiveness of the area.
From 2012 to 2017, Machakos County’s land prices have risen by an average of 8.54 per cent a year according to County Land Report.
Its proximity to Nairobi, has positioned it as a lower cost alternative for investors especially young professionals looking for plots with prices below Ksh 1M.
The Extension of Phase 2A of the Standard Gauge Railway (SGR) which is 120km from Nairobi to Naivasha is already complete.
This comes when the value of land continues to increase in Naivasha where a Dry Port served by SGR is also located.
Naivasha continues to receive more domestic and foreign tourists meaning more business for the tourist resorts, spas and hotels presenting a unique investment opportunity for both local and international investors.
Naivasha area has plots selling with prices below Ksh 500,000.