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.
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