Riat estate in Kisumu is located alongside Mamboleo, along the Kisumu-Kakamega highway. It's actually a hilly estate with a great potential for all kind of investment that a person may want to operate. It is an area that any serious investor looking to spend on land for sale in Kisumu cannot afford to ignore. The region has quite a unique versatility as it is able to 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 destinations to build up a personal home. Riat estate is increasingly boasting of a new variety of neighbors, mostly characterized by well-to-do individuals and real estate investors with a vision for affluent urban living designs.
The hotel business is very suitable in this area considering its quietness, serenity and its magnificent view. With well-developed hotels in the region, like Ukweli resort already doing well, the region is a promising site for hotel business. A majority of people in search of hotel services usually seek the out of town setting and that 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 also perfect for construction of villas, cottages or maybe even holiday homes. The setting of Riat hills can provide a good weekend getaway or just a family outing. Serious property developers with good money to boost them can venture into this fresh concept 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 put up luxury Swedish designed villas to be known as Hills villas.
Homes Africa, a listed real estate property firm is also all set to set up gated community in the same area on a 72-acre piece of land most of which it’s still supplying 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 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 very soon.
Rental apartments are as well viable venture in the Riat hills. With more affluent people relocating to the area, there is absolutely going to be a demand for rental units for the high income earners that are still not in a position to build their own homes. Already, some real estate property developers have moved in and constructed units in order to accommodate such clients. One example happens to be the Victoria hills apartments which is a gated community consisting of 24 units.
The larger population within the area will create a need for a shopping complex, thus the call for commercial buildings.