Legacy Ridges project launched in Ruiru with over 4,000 units
Legacy Ridges Ruiru Project directors during the official launch on October 27, 2021. PHOTO | COURTESY
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Real estate companies Finsco Africa and Heri Homes
have partnered to launch mega project, Legacy Ridges.
The gated housing project, which sits on
seventeen acres, is looking to provide over four thousand units in Kiambu’s Ruiru
town.
Legacy
Ridges CEO John Mwaura, speaking during the project launch on October 27, 2021,
commended the government for creating an enabling
environment for affordable housing to be realized by building roads.
He also noted that the government has fast-tracked the issuance
of title deeds and given rebates on value-added tax and relief on affordable
housing for those developing.
“This
project is immense because we expect about 20,000 people to eventually occupy
this space and that is why we are adamant to provide social facilities for
potential customers,” he said.
“We
are giving Kenyans a real solution for housing and if you look around, you can
see that the government has played a very big role by providing road networks,
water connections and also the electricity connection through the land.”
Legacy Ridges will comprise 4,533 units of apartments of two
bedrooms and three bedrooms, maisonettes and bungalows.
It is also expected to contain commercial plots for sale, a
proposed petrol station, a supermarket and a hospital and a resort - all on a
200-acre parcel about 20km from the Nairobi CBD.
Kimotho
Kimani, Chairman of the Legacy Ridges, on his part said: “We plan to roll out
these units every six months but it could be sooner if the demand spikes.”
“For
low income earners, who are in Saccos. We have MOUs with some of these saving
institutions and they will be able to give them loans to service for up to
25years. The monthly installment is equal or less than their current house
rent,” he added.


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