Madison Life Assurance and HF Group have announced financing options for individuals planning to buy and build homes at VillaKazi Homes, Athi River.
VillaKazi 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.
Recently, 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 buying and building 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 Ksh. 2.75 million, with financing of up to 70% available from the Group’s banking subsidiary, HFC” noted HF Group CEO Robert Kibaara during the event. Mr. Ngaruiya highlighted that there are firms that have already taken up the commercial space where supermarkets, recreational facilities and other amenities will be developed.
He also said many of the residential plots had been booked as families looking to buy and build homes expressed great interest in the development.
