Green Zone Housing Project phase two construction has kicked off in Thindigua, Kiambu County, Kenya following the successful completion of the first phase. This was announced by Meera Construction Ltd, a company that offers a range of preconstruction and construction services and a subsidiary of Krishna Group.
The former said that the project, which is in line with President Uhuru Kenyatta’s program to expand homeownership, will see the development of 160 units including one, two, and three-bedroom units with a starting price of approximately US$ 23,897.
Financed by the Bank of Baroda, the over US$ 6m project is expected to be delivered by April next year 2022.
Homeownership at the Green Zone Housing
According to the Green Zone Housing Project developer, Kenyans can own houses in three ways including cash, mortgage, and tenant purchase.
Suraj Jeram, Meera Construction team leader said that the project financer (Bank of Baroda) is ready to give a long-term mortgage to clients. “We have also partnered with HF Group – Housing financing company for buyers’ mortgage loans at a negotiated rate of nine percent so that the buyers will pay as little as US$ 159 per month for a one-bedroom apartment,” he concluded.
An overview of the Green Zone Housing phase one
Green Zone Housing phase one whose construction began in 2018, saw 224 units comprising two and three-bedroom apartments, put up in a two-and-a-half-acre plot Thindigua at a cost of over US$ 19m.
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The units in this phase have premium finishing with fully fitted kitchens, solar water heater, swimming pool, children’s’ play area, and high-speed lifts, in line with green and sustainable building standards.
Security has been beefed up for residents using electric fences, CCTV surveillance cameras, security guards, and a controlled entry and exit system, to suit global security standards.
