Why invest in a Garden City apartment on Thika Road, Nairobi?

 

As the first integrated residential, retail, and office development in Kenya, Garden City brings the well-rounded lifestyle of ‘live, work, play’ all in one thoughtfully designed location. It offers the popular Garden City Mall with world-class retail, a Business Park with Grade-A office spaces, plenty of leisure options, and upcoming facilities including a hospital and a hotel.

These are all situated at the doorstep of cutting-edge Garden City residences that include 150 modern apartments and duplexes along with 56 elegant townhouses. The mixed-use offering of this project combined with its strategic location along Thika Road in the capital city of Nairobi makes it an excellent opportunity for real estate investments.

Garden City Mall

Garden City is located just 15 minutes away from the Central Business District and is quickly being established as the focal point of the rapidly growing Thika Road, Nairobi. Location and connectivity are crucial factors to consider when it comes to investments and Garden City scores high on both of those counts.

The Thika Super Highway, completed in 2012, attracted the development of a number of residential and commercial projects in the area. Meanwhile, Garden City is also conveniently located amongst up-and-coming industrial and commercial areas including Baba Ndogo, Thika, Ruiru and the Eastern Bypass. The Outer Ring Road facilitates a reduced travel time of around 20-40 minutes to and from JKIA International Airport.

The Garden City Business Park will drive further demand and occupancies for these apartments, attracting housing for medium to senior staff of the big corporates that occupy the offices. This demand is also boosted with the availability of great infrastructure in terms of water, electricity, and sewage as well as road connections.

The availability of great infrastructure, in turn, drives growth for all sectors at Garden City, including investment opportunities in real estate.

The main benefits that investors must consider are:

a. Higher demand resulting in increased property values.

b. Improved accessibility to previously inaccessible areas.

c. Lower cost of development and construction costs.

d. Greater odds of achieving high returns due to constant growth.

Mi Vida – Thika Superhighway and Its Effect on Real Estate Development in Nairobi

 

Image Source – Wikipedia

A partnership between the African Development Bank (AfDB) and the Government of Kenya to promote sustainable development and economic growth has led to the construction of an eight-lane ultra-modern expressway, also affectionately known as ‘Nairobi-Thika Superhighway’.

The project that was estimated at around US $360 million was approved by the AfDb in November 2007 and was provided with a financial package of US $175 million for civil works and consultancy services and a US $5 million for feasibility study and a detailed design of a mass rapid-transit system. The Kenyan government, in addition, contributed US $80 million and the Exim Bank of China contributed US $100 million to the project for which the work started in 2009 and was completed in 2012.

Effects of Thika Superhighway on Real Estate Development in Nairobi

Thika Superhighway has turned out to be a driving force for the country’s economic development. It has helped integrate Africa and improve the living conditions of Africans. It has improved the accessibility, affordability, and reliability of the transport infrastructure of the country. The advantages of the superhighway have attracted various businesses from supermarkets, car dealerships to hotels and real estate. 

Mi Vida Homes

One such meticulous construction along the Thika superhighway is Mi Vida, a new residential development project that is a joint venture between Actis and Shapoorji Pallonji Group. Launched in July 2019 to address the shortage of middle-income families, Mi Vida Homes promises to offer 3000 middle-income housing units over the next 5 years. Mi Vida Garden City Nairobi is the perfect combination of innovative design, modern engineering, trusted construction, and an on-time delivery record. 

What does the research say?

As per research, urban sprawl has followed the construction of the Thika superhighway of the Nairobi metropolis in Kenya. It suggests that with the improvement in infrastructure and less travel time, the city of Nairobi has also expanded in a direction where people want to settle in areas that are in close proximity to the roads for accessibility benefits. 

The areas around Thika superhighway enjoy high returns, several times over areas such as Kitengela, Mlolongo and Rongai. 

Due to the rising prices of residential properties in the Kenyan city of Nairobi, the real estate industry has been booming. This is mainly attributed to the development of the Thika superhighway that has improved transport networks, social amenities, industries, educational institutions and commercial centres. 

In other words, the construction of Thika Superhighway has in all ways helped the real estate industry grow and expand in a sustainable way.

A Tour of the Garden City Mall in Nairobi

 

Image Source - magicalkenya.com

With over 100 shops, state-of-the-art cinemas, restaurants, cafés, bars, salons, banks, supermarkets and more, Garden City Mall has it all! 

Shaping up to be one of the hottest shopping and lifestyle destinations in Nairobi, this one-for-all address caters to all tastes and promises a day-well-spent for any family outing, an evening with friends, colleagues or even a solo excursion. Just factor in a few extra hours into your day, as you'll surely be lost in a mesmerizing maze of everything you didn't know you needed.

It is conveniently located just a short drive from Braeburn school Windsor Golf and Country Club, and just 18 minutes from CBD. And with over 1200 parking slots, there's room for everyone to arrive in style! 

Let's begin with shopping. Garden City has enough for mom, dad and child to go gaga over. With labels like Giordano, Accessorize with Style, Avilas House of Fashion, MAC, Zopo Men's Fashion, Lego Play, Toyworld, no one goes empty-handed. In fact, you'll surely return for more, so we hope you've made space back at home!

After all that shopping, rest your feet and pamper your senses with some of the best eats in town. There's Artcaffe coffee & bakery, BIG Square, Galito's, Java House, KFC, Koreana BBQ and more. Be it a casual work meeting, a dinner date, a last minute family jaunt or an elaborate celebration, you've come to the right place for a variety of culinary delights.

Garden City isn't just an outing, it is an experience. There's 9D cinema and Century Cinemax to help you unwind with that sudden urge to sit back with a flick. Then there are utilities like Absa Bank, Airtel, Equity Bank, Samsung and OPPO stores and Hudson Furnishings to take care of those often-forgotten but oh-so-important home-related matters to tend to. And before you head out, don't forget to raid Thirsty Lion for something to quench your thirst after a great day.

Garden City Mall is in the immediate vicinity of MiVida Apartments and offers 3 bedroom apartments in Nairobi from KES 6.9m. Mi Vida Garden City is an opportunity to invest in its strategic location and expanding offerings. These apartments are a quick walk or drive away from multiple corporate locations like EABL, PZ Cussons East Africa Ltd, Chandaria Industries, and ICIPE, with a number of businesses slated to open soon. With international schools such as Crawford School and USIU nearby, MiVida is poised to become a destination for sought-after homes in Thika Road - just an impromptu whim away from Garden City Mall.

5 Reasons to Live on Thika Road and Surrounding Areas in Nairobi

 Looking for the best place to settle with your family in Nairobi city?

Here are 5 reasons you should consider living on Thika Road:

1. Accessibility- From Thika Road, you can reach the Nairobi Central Business District using the Thika Superhighway within 20-30 minutes or alternatively link to Juja, Thika and other countries such as Murangá, Kirinyaga and Nyeri. Going to Mombasa or flying out? Thika Road boasts of such convenience, you can easily get to the Jomo Kenyatta International Airport and Mombasa Road via the Eastern By-pass.

2. Affordability- Ruiru, near Thika Road, is not an expensive place to live in and you can live within your budget. With rents ranging from Ksh 25,000 to Ksh 30,000 for a 2-bedroom apartment, and Ksh 35,000 to Ksh 45,000 for a 3-bedroom unit, it is pocket-friendly for a middle-income family. If you wish to buy a house, a 4-bedroom house will cost between Ksh 15 and Ksh 20 Mn, depending on the size, the location and its finishing.

3. Amenities are within reach- Ruiru boasts of a wide range of schools including universities such as Kenyatta University, Zetech, and NIBS in close proximity. For leisure and weekend getaways, you can visit the Rainbow Hotel, Kamakis restaurants located along the Eastern By-pass, and BTL Christian Conference Centre in Membley Area. The Ruiru town has several banks to take care of your financial needs and supermarkets to access basic house necessities.

4. Utilities- Residents in the area are served by water from the Ruiru- Juja Water & Sewerage Company as well as CDF-funded community borehole water projects. To address the influx of the population, the county government of Kiambu has commenced plans for a sewerage system to cater for sewage disposal. The area is well secured with the presence of various police posts and the main police station in Ruiru town. In newer estates, residents have employed the gated community concept with boundary walls and a single-manned gate to control entrance.

5. Serene Environment- Previously a coffee farm, Ruiru has a tranquil environment ideal for a home. It also has a rural feel allowing you to keep animals, grow vegetables, or even have a fish pond, something you would not easily do in urban centers in Nairobi.

Mi Vida at Garden City apartment near Garden City Mall on Thika Road is the ideal place to live peacefully. Book New 1, 2 & 3 bedroom apartments in Nairobi at Garden City (off exit 7 Thika Super Highway) from KES 6.9m.