HF to build Sh4m houses on Ruiru land

Listed lender HF Group plans to develop 5,000 units priced below Sh4 million each on a 183-acre parcel of land in Ruiru.

The firm, through its subsidiary HF Development and Investment Ltd (HFDI), said the government efforts to improve property offsite infrastructure could help ease costs, making homes affordable.

“We would have wished to offer low-cost homes but one must consider we bought the land and have to finance onsite and offsite infrastructure as well as the cost of putting up the houses from planning to getting all approvals,” said HFDI executive director James Karanja when he handed over 480 Komarock Heights project houses to buyers.

The houses are priced between Sh6.1 million and Sh7.1 million for cash buyers while those going for a mortgage will part with between Sh6.6 million and Sh7.6 million.