Riat estate
in Kisumu is situated just beside Mamboleo, in the area of the Kisumu-Kakamega
highway. It's a hilly estate with a great potential for any kind of investment
that one may want to do. This is an area that any serious investor aiming to
spend on land for sale in Kisumu cannot just ignore. The area has a unique
versatility as it can support various investment ventures namely; agriculture,
hotel business, hostels, business complexes, villas and besides all these, it
is one of the best sites to build up a personal home. Riat estate is
increasingly boasting of a new kind of neighbors, mostly being inclusive of moneyed
individuals and real estate investors with a vision for affluent urban living
designs.
The hotel
business is particularly very suitable in this region considering its
quietness, serenity plus its magnificent view. With well-developed hotels
within the region, like Ukweli resort already showing good results, the region
is a promising site for hotel business. Most people in search of hotel services
usually seek the out of town setting that is just 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 area is
likewise perfect for construction of villas, cottages or maybe even holiday
homes. The setting of Riat hills offers for a good weekend getaway or just a
family outing. Serious property developers with good money to escalate them can
venture into this fresh idea that is yet to get fully utilized. Already, a
Swedish real estate property developer, Coromandele Investment Limited has set
pace within the area for this type of investment with plans to set up luxury
Swedish designed villas to be known as Hills villas.
Homes
Africa, a listed real estate property firm is likewise planning to develop
gated community within 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 venture of
villas and holiday homes is slowly picking up in Riat and it’s just a bit of
time before it reaches its peak. Therefore a wise investor should rush for a
portion of this part of land for sale in Kisumu in anticipation for the
expected boom in business sooner or later.
Rental
apartments are likewise viable ventures within the Riat hills. Having more
affluent people pushing into the neighborhood, there's likely going to be a
requirement for rental units for high income earners that are still not ready
to build their own homes. Already, some real estate property developers have
moved in and constructed units to accommodate such clients. An example happens
to be the Victoria hills apartments which is a gated community being made of 24
units.
The higher
population in the area will create a need for a shopping complex, thus the
demand for commercial buildings.
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