Phase two of Green Zone housing project in Kiambu County has been launched. Meera Construction Limited, a subsidiary of Krishna Group broke grounds and said that the project is in line with President Kenyatta’s administration ongoing programme to expand citizens’ house ownership through affordable housing. President Kenyatta’s affordable housing programme targets to create 500,000 new affordable housing units.
The Sh 750 million housing project targeting Kenyans eyeing affordable units is being developed in Thindigwa, a fast-growing area along Kiambu Road. The project is being developed by Krishna Group and has been financed by Bank of Baroda.
“We are playing our part to support the President’s noble affordable housing development agenda for our citizens. We have partnered with Housing Finance for buyers’ mortgage loans at negotiated rate of 9% so the buyers will pay as little as Sh 16,500 per month for one bedroom apartment. Bank of Baroda has financed the project and are ready to give long term mortgage to our clients” said Meera Construction team leader Suraj Jeram.
Phase one Green Zone housing project
Phase two of the project follows the successful completion of the first phase of the project to build two and three-bedroom apartments at a cost of Sh 2.1billion. Phase one saw a total of 224 units also put up in a two-and- a half acre plot along Kiambu Road-Thindigwa.
The units in the first phase have premium finishing with fully fitted kitchens, solar water heater, swimming pool, childrens’ play area and high-speed lifts, in line with green and sustainable buildings standards. Security has been beefed up for residents using electric fences, CCTV surveillance cameras, security guards and a controlled entry and exit system, to suit global security standards. Apartments of 1, 2 and 3 bedroom units will be constructed in phase 2 of the project.