Malili Ranch
is located approximately 60km from Kenya capital city Nairobi and is
set to become Kenyas hub in information and technology after the
government acquiring 5000 acres towards the project. It is already
causing ripples and has been termed as Africa's silicon Savannah modeled
on Silicon valley in the US.
The ranch lies on about 20,000 acres of land, of which 5000 acres was bought by the government from individual shareholders for the project, about a year ago. The rest of the land, more than 15,000 acres subdivided into 7.8 acres (a share) allocated to every shareholder of Malili Ranching Company Ltd,long before the government thought of building an ICT TECHNOCITY or a DIGITAL CITY. There are more than 2000 such pieces of land measuring 7.8acres. Surrounding the ICT complex owned by individuals.
This is creating a huge attraction to both local and international investors, giving them an opportunity to get involved and realize the potential of this international investment gem.
This has consequently affected the price of land especially to those who determine to go for prime locations hence prompting different proximities with different prices.
Examples ;
1) Proximity to the ICT city - This includes the lands bordering the proposed city to the north and to the south the cost ranges from KShs 11Million to 15Million per 7.8acre piece.
NOTE that the government has almost fenced the the whole area it bought, being done by the NATIONAL YOUTH SERVICE, which has a construction site and camp in the same area alongside that of the Administration Police. Very visible on your left as you come from Mombasa.
2)Proximity to the Main Road- This includes lands along both sides of Mombasa road the price ranging from KSh 9Million to 15Million.
3)Proximity to Shopping centre - Malili(Konza) shopping center is about a year old but it has grown to host restaurants (some even with swimming pools! And live guinea fowls prepared only on order.I once asked whether they'd serve game too, owing to the fact that the complex is in a Maasai grassland with all kinds of grazing wildlife. But i was told that Game rangers in the area would treat poaching worse than the Alshabaab! ), hardware shops and other commercial services in the area. Currently there's alot of construction going on as many are finding it wise to invest the area. The land therefore goes from KShs 12Million to 15Million.
4) Multiproximity spots- These are areas that are closer to all of the above proximities.ie ICT city, Main road and the Shopping center. Their prices range from KShs 15Million to 20Million.
5) Proximity to the Railway line - The government is planning on upgrading the railwayline in the region, it's said the government will link the city with a subway line that will take about 11 minutes to the JKIA (airport ) thus getting land along this line would be a worthwhile investment. Currently the land along the railway line is going at about KSHS 4 Million to 7 Million. Which is bound to rise as soon as the government begins the project of upgrading the railway Line.
6)Proximity to Conservation Land- These are the areas close to the lands set aside for preservation of wildlife southeast of the ranch. This place is dominated by two hills the one to the north is Malili hill, while the much bigger one split at the mid by the complex's boundary is called 'Kwa Kia' sitting at the extreme south east of the ranch. This place if you ask me, would be very suitable for HOSPITALITY businesses, posh RESIDENCE , EDUCATIONAL centers,HOSPITALS etcetera, for its in a high terrains with trees and shrubs. going from KShs 6Million to 20Million.
7)Proximity to Kenya Pipeline Company - Malili also is home to Kenya Pipeline Company sub station. Land closer to this station range from KShs 5Million to 8Million.
The first phase of the the project will include a science and technology park, business processing and out sourcing, world-class hotels a sports stadia among others. The first phase, will cost about KShs 800Billion.
8) Last not least is the land in parts where long-term investors would venture, these are those not close to any particular proxime, but all-the-same a worthwhile ordinary land for such uses as RESIDENCE , CORPORATE CENTERS, SCHOOLS , SPORTS TRAINING, GATED COMMUNITY COMPLEXES, and who knows even HORTICULTURAL FARMING, for some properties are in areas surrounded by huge man-made dams. The prices would range from 3m.Ksh upwards.
We have posted this in a bid to answer many E-mails sent to us Inquiring about PROPERTY PRICES IN KONZA ICT CITY. It's our sincere hope that we'll quench much of that, and as we continue to interact, this post will guide our followers on what to budget for. The prices we have given are just TENTATIVE for the actual price can only be determined after the buyers have negotiated with the seller.
Richard Kainika.
Market /Property Analyst.
RICHMON GROUP & PROPERTIES (K) LTD.
The ranch lies on about 20,000 acres of land, of which 5000 acres was bought by the government from individual shareholders for the project, about a year ago. The rest of the land, more than 15,000 acres subdivided into 7.8 acres (a share) allocated to every shareholder of Malili Ranching Company Ltd,long before the government thought of building an ICT TECHNOCITY or a DIGITAL CITY. There are more than 2000 such pieces of land measuring 7.8acres. Surrounding the ICT complex owned by individuals.
This is creating a huge attraction to both local and international investors, giving them an opportunity to get involved and realize the potential of this international investment gem.
This has consequently affected the price of land especially to those who determine to go for prime locations hence prompting different proximities with different prices.
Examples ;
1) Proximity to the ICT city - This includes the lands bordering the proposed city to the north and to the south the cost ranges from KShs 11Million to 15Million per 7.8acre piece.
NOTE that the government has almost fenced the the whole area it bought, being done by the NATIONAL YOUTH SERVICE, which has a construction site and camp in the same area alongside that of the Administration Police. Very visible on your left as you come from Mombasa.
2)Proximity to the Main Road- This includes lands along both sides of Mombasa road the price ranging from KSh 9Million to 15Million.
3)Proximity to Shopping centre - Malili(Konza) shopping center is about a year old but it has grown to host restaurants (some even with swimming pools! And live guinea fowls prepared only on order.I once asked whether they'd serve game too, owing to the fact that the complex is in a Maasai grassland with all kinds of grazing wildlife. But i was told that Game rangers in the area would treat poaching worse than the Alshabaab! ), hardware shops and other commercial services in the area. Currently there's alot of construction going on as many are finding it wise to invest the area. The land therefore goes from KShs 12Million to 15Million.
4) Multiproximity spots- These are areas that are closer to all of the above proximities.ie ICT city, Main road and the Shopping center. Their prices range from KShs 15Million to 20Million.
5) Proximity to the Railway line - The government is planning on upgrading the railwayline in the region, it's said the government will link the city with a subway line that will take about 11 minutes to the JKIA (airport ) thus getting land along this line would be a worthwhile investment. Currently the land along the railway line is going at about KSHS 4 Million to 7 Million. Which is bound to rise as soon as the government begins the project of upgrading the railway Line.
6)Proximity to Conservation Land- These are the areas close to the lands set aside for preservation of wildlife southeast of the ranch. This place is dominated by two hills the one to the north is Malili hill, while the much bigger one split at the mid by the complex's boundary is called 'Kwa Kia' sitting at the extreme south east of the ranch. This place if you ask me, would be very suitable for HOSPITALITY businesses, posh RESIDENCE , EDUCATIONAL centers,HOSPITALS etcetera, for its in a high terrains with trees and shrubs. going from KShs 6Million to 20Million.
7)Proximity to Kenya Pipeline Company - Malili also is home to Kenya Pipeline Company sub station. Land closer to this station range from KShs 5Million to 8Million.
The first phase of the the project will include a science and technology park, business processing and out sourcing, world-class hotels a sports stadia among others. The first phase, will cost about KShs 800Billion.
8) Last not least is the land in parts where long-term investors would venture, these are those not close to any particular proxime, but all-the-same a worthwhile ordinary land for such uses as RESIDENCE , CORPORATE CENTERS, SCHOOLS , SPORTS TRAINING, GATED COMMUNITY COMPLEXES, and who knows even HORTICULTURAL FARMING, for some properties are in areas surrounded by huge man-made dams. The prices would range from 3m.Ksh upwards.
We have posted this in a bid to answer many E-mails sent to us Inquiring about PROPERTY PRICES IN KONZA ICT CITY. It's our sincere hope that we'll quench much of that, and as we continue to interact, this post will guide our followers on what to budget for. The prices we have given are just TENTATIVE for the actual price can only be determined after the buyers have negotiated with the seller.
Richard Kainika.
Market /Property Analyst.
RICHMON GROUP & PROPERTIES (K) LTD.
WWW.RICHMONGROUP.KBO.CO.KE
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