By James Wakahiu
Urithi Housing Co-operative Society has acquired a 5-acre plot within Nairobi area and has begun construction of apartments under a project that will cost it over Sh500 million.
The Osten Terrace Gardens Apartments will comprise three storied buildings on a parcel of land that is located 13 kilometers from the Eastern Bypass on Kangundo Road and 600 meters from the tarmac at Joska Shopping Centre.
The 5 acre parcel will have 1/8 acre plots with blocks on each plot.
Each block will have three storied buildings comprising 4 and 2 bedroomed apartments on each floor, adding up to 12 apartments per block. The project will also comprise courts of four blocks each.
“This 5 acre parcel will comprise of three storey apartments, located in an environment where children can play in beautiful natural surroundings while tenants will have peace of mind. This is why Urithi is stepping in to change your lifestyle and offer you something to look forward to when leaving the office,” said Kevin Muthuri, Urithi Sacco CEO.
The Housing Units will include ceramic tiles in the whole house, in built kitchen wardrobes and cabinets, finished kitchen work tops with ceramic tiles and steel casement windows. The fence will be a stone perimeter wall all round and landscaping of the whole estate.
Other features will include external steel and flash door for internal openings, curtain roads, solar water heater per block, bio-digester and lawn sprinklers using recycled water from the bio-digester. The size of one apartment will be 55 sq. meters with a lounge, kitchen, kitchen balcony, separate bathroom, a washroom and two bedrooms.
Construction will be done in phases i.e. per block. The total project construction time will be between 18 & 24 months. Each block will take a period of about 6 months for its construction to be completed and there is a mobilization period of 3 to 4 months before construction work commences.
Members are to be taken through the various plans for them to make a selection. After this, the member will get an offer letter, make a deposit and obtain an allotment and then sign the sale agreement after payment of Sh 750,000.00. The introductory price for one unit is Sh 1.6 million. A buyer is allowed to make payments in monthly installments for the units for a period ranging from one to four years.
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