Riat estate
in Kisumu is situated beside Mamboleo, down the Kisumu-Kakamega highway. It's
actually a hilly estate with a great potential for just about any form of
investment that a person may want to do. It is an area that any serious
investor aiming to invest in land for sale in Kisumu cannot just miss. The area
has quite a unique versatility in that it can support various investment
ventures namely; agriculture, hotel business, hostels, business complexes,
villas and in addition to the whole thing, it is one of the best areas to build
a personal home. Riat estate is increasingly boasting of a new kind of
neighbors, mostly characterized by wealthy individuals and real estate property
investors with a vision for affluent urban living designs.
The hotel
business is primarily very suitable in this region considering its quietness,
serenity and its magnificent view. With well-developed hotels within the
region, like Ukweli resort already doing well, the region is basically a
promising site for the hotel business. Most people looking for hotel services
usually seek the out of town setting and that really is exactly what Riat hills
entail. The picturesque view of the estate only serves to boost its capacity
and credential to sufficiently host and accommodate the hotel industry.
The region
is likewise ideal for construction of villas, cottages or even holiday homes.
The setting of Riat hills can provide for a good day or two holidays or perhaps
even a family outing. Serious property developers with good money to enlarge
them can venture into this fresh concept that is yet to be fully utilized.
Already, a Swedish real estate property developer, Coromandele Investment
Limited has set pace within the area for this manner of investment with a with
plans to put up luxury Swedish designed villas to be known as Hills villas.
Homes
Africa, a listed real estate firm is likewise planning to build a gated
community in the same area on a 72-acre part of land most of which it’s still
selling to buyers wishing to build holiday homes. The business of villas and
holiday homes is slowly picking up in Riat and it’s just a matter of time
before it reaches its peak. Therefore a wise investor should rush for a piece
of this part of land for sale in Kisumu in anticipation for the expected boom
in business sooner or later.
Rental
apartments are as well viable venture within the Riat hills. With more affluent
people pushing into the neighborhood, there is bound to be a need for rental
units for the high income earners who are still not able to build their
personal homes. Already, some real estate property developers have moved in and
constructed units to accommodate such clients. A good example is the Victoria
hills apartments, which is a gated community, inclusive of 24 units.
The
increased population in the area will create a requirement for shopping
complex, thus the requirement for commercial buildings.
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