Madison Life Assurance and HF Group have announced the availability of affordable financing options for individuals planning to buy and build homes at Villa Kazi Homes, Athi River.
Villa Kazi Homes is a master-planned, fully-serviced, mixed-use real estate development in Athi
River.
Madison Life is providing the 100 acres at Kshs 3 billion and will realize more than 700 residential housing units as well as commercial centres that will be developed in four phases.
HFC is providing project management, sales and marketing as well as end-user buyer financing
for the project.
”We have come up with pre-designed house typologies to ensure homeowners can have a variety of contemporary design options to choose from while ensuring a standardized development.
Under the partnership, HF Group is offering affordable loans at 9.5% fixed interest rate of the
project cost,” said Madison Life Assurance, Managing Director, Githua Ngaruiya.
Madison Life Assurance and HFC launched the Villa Kazi Show Houses to potential homeowners, at an Open Week, as they announced the buy and build financing plan for clients.
Clients looking to buy homes at the development toured several completed showhouses on the
site.
”Potential homeowners have the option of buy and build their dream home and HF Group will
finance the purchase of the plot and construction of the same. The investment in the plot starts
from Kshs 2.75 million, with financing of up to 70% available from the Group’s banking subsidiary,
HFC,” said HF Group CEO Robert Kibaara.
Ngaruiya says there are firms that have already taken up the commercial space where supermarkets, recreational facilities and other amenities will be developed.
He says many of the residential plots had been booked as families looking to buy and build homes
expressed great interest in the development.