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Read MoreWe are delighted to partner in your land investment journey
We process all paperwork and deliver your title deeds within 30 days after final payment.
We offer flexible installment payment plans of up to 3-6 months.
Albeit having engaged industry professionals, our prices remain very competitive.
Technology & Innovation hold immense potential in unlocking capabilities of business and communities. Ambitious cities know they need to go smart and be more efficient so as to compete in global commerce. A look at the current Government’s manifesto reveals Konza Technopolis sits high on its digital agenda.
Due to sustained interest from both local & international investors, land prices in Konza are steadily rising. Top-tier companies all over the world are expected to set up their local presence. For the discerning investor, this guarantees good returns on your investment.
Konza lies only 60 kilometers south-east of Nairobi County, less than an hour's drive from Nairobi. This means that many linkages between the two cities will easily be shared or transferred.
Typical of a strategic development, Konza has one of the most efficient urban & public transport connectivity. These include the Nairobi Express way; dualing of Mombasa Road; tarmacking of Isinya - Konza bypass. Additionally, the availability of the Konza-SGR substation plus proximity to Jomo Kenyatta International Airport all work to leverage connectivity to the area.
To ensure global competitiveness, the master plan has been put together by a team of international experts drawing on the best practices from countries such as China, U.K and Brazil. Further, the three counties of Machakos, Makueni and Kajiado counties have agreed to have a 10 KM buffer radius to ensure only controlled and zoned development takes place.
Potential opportunities in construction include medium density residential complexes complete with neighborhood centers. In the near future, ancillary services such as schools, hospitals, shopping malls plus entertainment venues are opportunities that will be highly sought.
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Read MoreWhat are the land ownership steps in Kenya?
1. Conduct Due Diligence
This step is important once you have aligned your investment portfolio. With raw land, a medium-term investment horizon forms a good time to realize the value proposition. Look around your best location and establish general prices of similar properties. Once your sure and interested with a property on offer, you must verify the land seller(s) through documents that include: –
Title Deed; ID & photos; PIN; If it’s a company, you can request for the company’s certificate of incorporation.
2. Conduct a Site Visit
It’s important to authenticate the land’s existence in the place stated its actual size and the topography. Check to see it’s not on riparian land or seasonal flooding areas. Have you understood the orientation of the plots relative to sunrise or sunset? A land planner, a surveyor or a well experienced individual can undertake this step.
3. Plot Selection
You will then proceed to pick your plot from the subdivision map and request the vendor to book it for you.
4. Conduct Land Search
A search is a document from the Land Registry showing the details of the land, such as the current owner, the size, and if there are any encumbrances or restrictions. You will need a copy of the land title deed from the vendor to facilitate the search. This will normally take three days to get the status of either a clean title or one with encumbrances placed on it. In some cases, one can do a search on E- Citizen by filling up the RL26 form. The search results are then produced as an RL27 Certificate.
5. Preparation of Offer
The purchaser at this point will give their advocate permission to prepare an offer. The advocate involved should prepare a letter of offer or intent showing the details of the vendor & purchaser, description of the property on offer, proposed purchase price plus terms of payment.
6. Sale Agreement and Deposit Payment
It is normally drafted by the vendor’s advocate and presented to the purchaser’s advocate for approval. Upon the execution of the sales agreement, the agreed deposit is paid. Proof of payment should be shared amongst the advocates.
7. Transfer Documents and Consent to Transfer
The vendor’s advocate prepares transfer documents that will be executed by both vendor and purchaser. The seller has to process the consent to transfer. The transfer documents will only be executed after consent to transfer has been issued by the commissioner of lands. The Land Control Board, which sits either once or twice a month, is responsible for this issuance. The documents required are:-
The original and a copy of the title deed; A current search; A spousal consent; I.D copies of both the vendor and purchaser; KRA PIN copies of both parties; Executed application for consent forms.
If the board approves this transaction, it will issue a letter of consent to the owner.
8. Valuation & Payment of Stamp Duty
For purposes of stamp duty, an application for valuation is made to the government valuer, who then makes a site visit to enable to prepare the requisite valuation report. The payable duty is determined by a government valuer to estimate the true value of the land in open market as at the date of transfer. This will determine whether the value declared in the instruments will be raised or not. The documents required are:
An application form; copy of the title; current search; Land Control Board letter of consent; A sketch map of the area
The valuer will indicate the value of the property on the application form and stamp it, and also give you a valuation report. The stamp duty is then paid at the bank indicated and the receipt taken back to the Registry.
9. Registration of Transfer
Once the stamp duty has been paid, you need to book the documents. The following documents are required at the Lands’ Registry
The original title deed; Land Control Board letter of consent; Spousal consent; Valuation report; Copies of I.D and KRA PIN of both the vendor and purchaser; Executed Transfer forms; Two passport photos each, of both the buyer and seller; Application form for registration; Payment slip for the stamp duty.
An official of the Ministry of Lands will go through them to ascertain that they are in order. He will then stamp the application form and give you the booking number which shall be used in tracing the progress of the process. The whole process can take 14 to 21 days. If your registration is successful, you will receive the following documents: –
An original title deed with the name of the buyer; Registered transfer forms; The pay in slip of stamp duty.
10. Exchange of Documents
Once the registration process is complete, the legal ownership of the land shall be deemed as complete. At this point, the buyer is obligated, in exchange of the documents, to have paid the seller any pending amounts.
Is Konza City another white elephant project?
Not at all. Whoever has monitored Kenya’s development in the last 20 years knows how the Urban Growth Boundary has kept expanding. For sure, the development within Konza Technopolis has been slow but all indicators point to a sleeping phoenix set to rise. At Konza Spaces, we remain in regular touch with the Physical Land Planners based at Ardhi House in Nairobi plus do actual site visits just to monitor the progress.
Latest revised plan is “Konza Technopolis Local Physical and Land Use Development Plan Ref. No. NRB/2564/2022/02 – Approved Development Plan No. 8”
You are encouraged to visit the site’s blog which feature important insights and updates happening in and around Konza.
How reliable is my investment with your company?
You are 100 % guaranteed of genuine land with clean titles. Investment of one’s hard-earned money is next to sacred. The founder of Konza Spaces being a former diasporan and a native of Konza has endeavored to ensure utmost due diligence on each project. The pain of returning home after years spent abroad and losing millions to ‘sophisticated’ investment classes led to birth of Konza Spaces. As such, we commit to deliver genuine, prime investment to all our clients plus protect the integrity of the company at all costs.
How do I purchase your property in case am interested?
Am I expected to pay title transfer fees?
There are no hidden charges nor any extra fees charged upon the agreed amount. Our prices remain all inclusive up-to the point the title deed is handed over to you
How do I view the plots?
We facilitate viewing for interested clients every Saturday at 9am. Pick up is from Nairobi CBD with subsequent meeting points along Mombasa Road. Alternative viewing dates can also be separately arranged upon prior request.
How does paying through the instalment option work?
Once you choose the instalment period and pay the agreed deposit, you are free to choose the amount and frequency of payment so as to have the balance paid up within the agreed duration
Are the projects freehold or leasehold?
The plots are demarcated on freehold titles.
Where are your projects?
We solely deal with projects within Konza – Malili area . As such, we stand better equipped to align potential Konza investors with strategic developments happening in the area
What is the Buffer Zone and how can I know that I am on it?
A buffer zone is an area established to avoid negative effects caused by environmental or human influences.
To retain the value of Konza Technopolis, a 10km buffer zone was gazetted. The 10 kilometre radius Buffer Zone refers to the privately owned areas of controlled investment which are adjacent to the Technopolis. This buffer zone will help protect jobs, investments and wildlife. The approved Buffer Zone plan by the Ministry of Lands, Housing and Urban Development shows the areas that are considered to fall within the zone. The plan can be obtained at the Ministry of Land, Housing and Urban Development or at the KoTDA website (www.konza.go.ke)
