spot_img

Missing Title Deeds For Affordable Housing Projects? Nairobi County Speaks

Date:

NAIROBI, Kenya – The Nairobi County Government has denied allegations that title deeds for the Pangani Affordable Housing Project and Jeevanjee Bachelors Estate are missing from its registry.

County Secretary Godfrey Akumali assured the public that the documents remain secure, dispelling concerns about the integrity of the affordable housing initiatives.

In a statement, Akumali clarified that the title deed for the 5.2-acre Pangani estate, registered as Nairobi/Block 40/474, is held by Muriu, Mungai, and Company Advocates.

The law firm represents Nairobi Pangani Estate Limited, the Special Purpose Vehicle (SPV) overseeing the project.

“The firm is facilitating the processing of sectional titles for the housing units being developed on the property. The certificate of lease for Pangani Estate was registered in the name of Nairobi City County on March 16, 2018, and later transferred to the SPV on September 20, 2018. No title is lost,” Akumali emphasized.

Meanwhile, Chief Officer for Urban and Housing Renewal Lydia Mathia provided updates on the construction progress.

The Pangani Affordable Housing Project is 45% complete, with plans for partial handovers every four months starting in January 2025. Full completion is targeted for the end of 2026.

Regarding the Jeevanjee Bachelors Housing Project, the county confirmed that its title deed, registered as LR No. 209/5458, is held by the National Bank of Kenya.

The document, registered under Nairobi Bachelors Estate Limited, was used as collateral to secure funding for the project.

Mathia noted that construction of the Jeevanjee project is 46% complete.

Affordable housing units are expected to be ready by December 2025, while market-rate units will be finalized by September 2026.

See also  US Trade Chief Insists Tariffs Will Continue Despite Supreme Court Ruling
Anthony Kinyua
Anthony Kinyua
Anthony Kinyua brings a unique blend of analytical and creative skills to his role as a storyteller. He is known for his attention to detail, mastery of storytelling techniques, and dedication to high-quality content.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Trending

More like this
Related

‘Ignore Me at Your Own Risk’: TikTok Video To Ruto Lands Man in Trouble

KIAMBU, Kenya – Detectives from the Directorate of Criminal...

RSF Fighter Among Foreign Nationals Issued Kenyan Passports

NAIROBI, Kenya- Controversial reports have emerged alleging that several...

Homa Bay Deputy Governor Oyugi Magwanga Resigns, Cites Frustrations With Leadership

HOMA BAY, Kenya-  Joseph Oyugi Magwanga has resigned from...

DCI Arrests Land Fraud Suspect Over Sh50 Million Pangani Property

NAIROBI, Kenya – Detectives from the Directorate of Criminal...