HomeBusinessThe Future of Upcoming Cities In Kenya

The Future of Upcoming Cities In Kenya

The unfolding troubles bedeviling some large-scale developers of residential houses in the country provide an important reality check on the challenge of housing a rapidly urbanizing population.

According to the UN-Habitat, a specialized agency on human settlement, Africa is urbanizing at an annual rate of four percent, making it the fastest urbanizing region in the world.

A gathering urbanization momentum suggests three out of every four Africans will be town dwellers by 2050.  With only three out of ten Kenyans currently living in towns, the country lags behind the sub-Sahara urbanization average of half the population.

ALSO READ: I am in love with two daddies

But there are solid indicators that more and more Kenyans will migrate to Nairobi and other urban centres in coming years.

An obvious upshot of rapid urbanization is more pressure on social amenities. Besides fueling a surge for houses, a bigger urban population will exacerbate the strain on school, health, transport and other services.

A less apparent but insidious consequence of rural-urban migration is climate change. Without purposed interventions, mother earth will take a heavy toll from shrinking urban spaces trampled upon by an incessant human inflow.

ALSO READ: KIUNJURI BOUNCES BACK WITH NEW PARTY

A huge urban population is also a big opportunity for investors. This sea of humanity needs to eat, work and sleep. It requires stores with enough supplies for basics and wants.

There are opportunities galore. Whether as an obligated duty to serve as in the case of the government or for-profit venture, there is enough cherry for an investment bite.

Housing is an especially alluring sector for investors. The UN-Habitat puts the housing deficit in Kenya at 2 million units. To merely retain this deficit, the country must build at least 250,000 houses every year.

ALSO READ: climate crisis and solutions for a Healthy Ecosystem

Yet on average, we are only managing to add 50,000 annually! Even if the government were to realize the growing mirage of constructing 500,000 houses annually under the Big Four agenda, demand for houses would be far from satiated.

Which is why private investments in housing must be solicited-for and readily embraced. Besides being a direct big player in the sector, the government should do more to seduce investors with an incentive’s tax regime and friendly policies and regulations.

ALSO READ: Nairobi, the Best Ecofriendly Tourism Destination City

Streamlining land governance and documentation to weed out entrenched cartels, conmen and profiteers who raise the cost and the risk of investing in land in Kenya would be a good starting point.

Population and urbanization explosion are underscoring the value of urban planning. Land is a finite resource that a bulging human race must share.

ALSO READ: DCI detectives recovers Break-ins

Yet the same land must attend to rising lifestyle sophistication in housing, sanitation, transport and environment conservation among others.

The traffic headache which is a constant in major cities and sensitivities to climate change are catalyzing the growth of work-and-live communities.

ALSO READ: Kenya doping cases at rise, igniting veto fears

These setups are not just big gated community concept, they are fully-fledged cities. Besides controlled residential houses, they incorporate shops, offices, schools, medical centres, sports and entertainment facilities and business and logistics parks.

ALSO READ: PRESIDENT UHURU KENYATTA ACTIONS CAUSE INTERNATIONAL FURY

Tatu City being put up by Rendeavour on the outskirts of Nairobi is a good example of this global urbanisation trend. While Tatu City and its Kiambu County neighbour, Northlands, are private developments, the government has put forward Konza, which is at an early stage.

Ideally, such investments should be big on climate control. This should be manifest in their choice of construction material, dedicated green spaces, landscaping efforts that purpose to preserve or augment nature and the land occupation density (how many dwellings are, for instance, being put up in a given space).

ALSO READ:APA COVID-19 Support kitty shoots to Sh10mn

By their very nature, work-and-live investment concepts require a lot of space to actualize. A realistic development of such a scale needs a minimum of 2,500 acres of land.

Such expansive space is hard to obtain in, for instance, Nairobi, which hosts the bulk of urban migrants and by consequence, the most acute housing deficit.

But as the housing investment boom in Kiambu, Kajiado and Machakos counties proof, the future of fine urban living is likely to be away in the satellites of the city.

ALSO READ: Government should tightened entertainment rules

Besides abundance of land, such localities have the added benefits of serenity and cleaner environment.

As the Hass Housing index confirms, land and therefore the resultant property, is likely to be cheaper to rent or buy in these counties than in Nairobi.

There are a number of gated estates in Kenya. Some are completed, some on-going and others are planned-for.

ALSO READ: I wish quick death to my divorced parents

Examples include Edenville Estate in Kiambu with about 350 villas, Bahati Ridge in Thika featuring townhouses, villas, bungalows and cottages and Green Park Estate in Athi River with a mix of three and four-bedroom houses.

Few of these estates can rival Tatu City in size and the grandness of design. Already, dozens of Kenyan and global brands and manufacturing giants are operating out of the 5000-acre city.

ALSO READ: If the family is weak, a nation is weak

An international school and a CBC curriculum school are already open, and a range of houses are up and coming in the city that will also feature office complexes, a shopping district, medical clinics, nature areas, a sport & entertainment complex and manufacturing areas. Upon completion, it will be the closest to what is the ideal sustainable city.

A diverse housing market and demand will inevitably attract the unscrupulous to the sector as the rising complaints from short-changed clients confirm. Some investors deliberately under-quote and over-promise to lure clients.

Others are just smarmy salesmen who never intended to deliver. There are also those who make genuine and naïve mistakes that compromise their ability to deliver.

ALSO READ: Global economy tumbling at a distressing rate

The best regulator of the housing sector is doubtlessly the market forces. Buyers are advised to interrogate carefully investors’ portfolios vis-à-vis promises.

Where else have they invested? In what? Are there well-known projects bearing their name? What’s their history? Do they have entrenched presence or is theirs a fly-by-night venture?

ALSO READ: Cameroon Government Under Fire As Virus Tally Rises

 

Amos Kipkorirhttps://newscheckz.com
Our worldwide Inhabitant journalists, freelance and correspondents offer our Internet users comprehensive coverage of world events, with a focus on Science, Technology, Reviews, Environmental issues and factors, Business, Leadership, Politics, Sports, Agribusiness, cultural diversity and contrasting perspectives via our channels(website, facebook, instagram, twitter, whatsapp +254750 288101, telegram, Linkedin, youtube, Mails:info@newscheckz.com) and reports. *********************************************************** We want a world that works for everyone and we believe technology and innovation can move the needle in eradicating racial and gender discrimination against right to information, cultures and tradition as well disseminating accurate information as we receive as well making the global, one family of information gathering, sharing as well helping one another.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

error: Content is protected !!