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.

Commercial Office Spaces by Shapoorji Pallonji

 

Having open and creative spaces to work in a dynamic and constantly evolving environment, is an ever-persisting demand and Shapoorji Pallonji has it covered. With modern aesthetics, intelligent design and a strong structural foundation to support it all, Shapoorji Pallonji has been delivering projects for decades. 

Some of the landmark projects delivered by Shapporji Palllonji include the Bank of India building, World Trade Center, HSBC building in South Mumbai, LIC building in New Delhi and the RBI building.

Let’s take a detailed look at some of these commercial office spaces by Shapporji Pallonji below. 

HSBC Office Building, Mumbai – Completed in April 1950, the office building of HSBC stands its ground even 70 years later. 

HCL Technologies, Bengaluru – Located in the Jigani Industrial Area, Bengaluru, this project was completed in December 2014.

International Exhibition Center, Bengaluru – Shapoorji Pallonji did the civil, structural and architectural finishes for this project. Completed in April 2007, it spreads around 40,000 square meters. 

ONGC Office Building, Dehradun – Completed in July 2013, this project covered architectural, structural, civil, MEP, E and TC in terms of work done. 

Peninsula Business Park, Mumbai – Based in Lower Parel, Mumbai, this project covered civil, structural and MEO works. It includes a basement, 5 levels of podium, and 2 towers of 20 stories. Completed in March 2013. 

RBI New Building, Mumbai – Civil and structural works for the 27 storied RBI building, with two basements. Completed in November 1980.

RBI Old Building, Mumbai – Civil and structural works for the old building of RBI, the work for which was completed in May 1950. 

Vallabh Bhawan Extension, Bhopal, Madhya Pradesh – A state-of-the-art secretariat complex in the capital city of Bhopal, accommodates the offices of the Honorable Chief Minister of Madhya Pradesh, Ministers, Chief Secretary, Principal Secretaries and other officers and employees of various government departments. Completed in 2018. 

Al-Reziza Commercial Tower, Al Khobar, KSA – Construction of the 25-storeyed Al-Reziza Commercial Tower, completed in 2017.

Landmark group office building, TECOM, Dubai, UAE – Construction of 27 storeyed office building with basement car park, external works, and external services. Completed in 2016. 

Le Boulevard Commercial Bank, Al Sadd Street, Doha in Qatar – Construction of 9-storeyed ‘Le Boulevard’ Commercial Bank Building, completed in 2018.

AKH Tower commercial tower, AL Kashlaa, Dammam, KSA – Construction of 36 storeyed ‘AKH Tower’ Commercial Tower, completed in 2019.

SECO New Headquarters Building Complex, Riyadh, KSA – Construction of SECO new headquarters building complex comprising of basements, 4 typical office towers (G+4), central common podium (G+2), restaurant and recreational building (G), 2 service buildings, 2 community buildings, car parking, 6 guard houses, including all facilities. Completed in 2019. 

MBR Dubai Hills Estate Business Park, Mohammed Bin Rashid City, Al Khail Road, Dubai – UAE – Design and construction of Dubai Hills Estate Business Park consisting of 4 office buildings, 1 multi-storey car park including the basement and retail areas together with associated works, external services and hard and soft landscaping. Completed in 2019. 

To know more about Shapoorji Pallonji’s commercial office spaces, click here. 

Why Should You Invest in Parkwest 2.0 Bangalore?

 

When you picture a home, how do you see it? If it is lush green spaces blended with an ultra-modern lifestyle, then Shapoorji Pallonji’s Parkwest 2.0 is the answer! 

Parkwest 2.0 is one of the largest residential developments in Central Bengaluru that comes with functionality combined with a brilliant design and a number of amenities that will cater to all your needs.

Let’s dive in deeper and take a look at the things that make Parkwest 2.0, Bangalore, a good investment opportunity!

Parkwest 2.0, Bangalore – Amenities Offered

Parkwest 2.0 is spread out to an area of approximately 46 acres or 1,86,155 square meters, out of which 75 percent of the area is just open spaces, expanses of greenery that not only soothe your eyes but your soul too. 

It comes with the promise of a secured community, where design meets modern amenities for all of its residents to enjoy.

There are various amenities provided within the residential landscape, including –

Leisure – If you just want to take a stroll, sit peacefully surrounded by nature or read a book, then Parkwest 2.0 offers you a treehouse, park, dog park, hanging gardens, indoor game rooms, library, and tree retention courtyard. 

Sports – Parkwest 2.0 comes with a cricket pitch, multipurpose sports court, skating rink, half basketball court, pool and more – to keep you and your family occupied and healthy.

Health and Community – There are plenty of opportunities within this residential development for your kids and you to play or just exercise and stay healthy. Parkwest 2.0 comes with a clubhouse, kinetic playground, multi-purpose hall, gymnasium, dedicated ladies pool, walking trail and yoga and meditation centre. 

Specifications

Let’s take a look at the specifications of towers 9 and 10 of Shapoorji Pallonji’s Parkwest 2.0 in Bangalore to give you all the more reason to invest in it. 

Structure – The structure of the building is earthquake resistant, with 2 basements, ground, and 32 stories. The basements are for car parking.

Plastering and painting – Comes with gypsum plaster on internal walls that ensure smoothness. The internal walls are painted with acrylic emulsion paint, which is humidity-resistant and does not crack or fade in sunlight. 

Telephone and intercom facility – Parkwest 2.0 has an intercom facility between the main lobby of each tower, the main entry point to the complex and within individual apartments, ensuring maximum security. Each apartment also comes with broadband and provisions for telephone points in the living room and master bedroom. 

Each apartment in Parkwest 2.0 is fitted with an efficient fire alarm sprinkler system and fire detection system, TV points in the living room and all the bedrooms branded modular switches, occupancy sensor in all toilets, and backup DG power for 1 light and 1 fan in each bedroom and living area, 1 refrigerator and 1 light in the kitchen.

So, invest in Parkwest 2.0 and step into a luxurious new life with all the amenities and comforts that you can hope for in a home. For more details, click here to book Luxury 2 & 3 BHK apartments at Binnypet, Central Bengaluru starting at Rs.1.25 Cr.* and Rs.1.85 Cr.* respectively.

Cross off this checklist before buying an apartment house in Nairobi

The capital and the largest city in Kenya, Nairobi is a hotspot for real estate opportunities and boasts high demand from homebuyers. So, how can you ensure that buying an affordable house in Nairobi prime location is the best decision for you?

Follow our thoughtful and thorough process to find the ideal apartment in Nairobi.

• Search for a home only as per your specific need – a home for your family or an investment opportunity.
• Make sure that it is the ideal home in terms of location, amenities, and nearby infrastructure. 
• Seize the right opportunity at the right time – don’t rush and don’t prolong your purchase if you have found the best valuation.
• Evaluate your financial situation and plan the costs as per what you can afford which includes picking the right return value and the right mortgage tenure.
• Ensure that there are no red flags regarding the availability of the property or the reliability of the developer.
• Get a competent lawyer to carry out the legal due diligence with thorough and credible paperwork.
• Ensure you have all the copies of the paperwork including the title deed, lease title, or lease documents. 
• It is advisable to have insurance cover for your home, an important financial factor that is often ignored by homebuyers.

Once you have found the home that you want to buy apartments in Nairobi, make sure that your deal is sealed with the sale agreement signed by both parties. This will ensure that the deal is legally binding and enforceable under the law of contract.

What is Shapoorji Pallonji Group’s Vanaha Springs?

Located in Pune at one of the largest townships in India, Vanaha Springs is one of Shapoorji Pallonji Real Estate’s many thoughtfully designed residential projects. These homes are spread amidst 4.6 acres within the massive township of over 90 acres of open spaces and is surrounded by abundant greenery with over 400 species of flora and fauna. 

Vanaha Springs has 3 residential towers set within lush green spaces that are not too far from the congested city. The homes within these towers range from 1, 2 & 3 BHK to 3 BHK Grande and 4 BHK Duplex, overall starting at a mere Rs.39.5 lakh. Residents of these homes can enjoy modern and sustainable features including rainwater harvesting, organic waste converter, water treatment plant, and security with sprinkler and smoke detector systems and CCTV coverage in the main entry, lobby, and lift areas.

Apart from these features, a host of exciting amenities are also available to residents:

Leisure amenities – Terrace Café, Kids’ Pool, Swimming Pool, Jacuzzi, Pool Deck, Indoor Games Room, Electronic Games Room, Barbeque Zones, Recreational Sky Deck, Sky Deck for Stargazing, Putting Golf, Seating Areas, Party Lawn, Space for Spa, Pet Area

Sports amenities – Crossfit Yard, Multi-purpose Court (Basketball, Volleyball, Cricket, Badminton, Tennis), Cricket Practice Pitch, Golf Putting Greens

Health amenities – Gymnasium, Walking/Jogging Track, Yoga Deck, Dance Studio, Senior Citizen’s Garden

Community amenities – Kids’ Play Area, Amphitheatre, Clubhouse, Multi-purpose Hall with Party Deck, Party Lawn, Outdoor Meeting Area/Open Theatre, Work From Home Lounge, Day Care/Creche, Retail Plaza, Business Centre, Guest Rooms, Classroom

That’s not all. Vanaha Springs is also convenient and accessible in terms of its location. The landmark of Chandni Chowk is just 6 kms away while Ryan International School, Business Square, DSK Ranwara Commercial Complex

Neelam Market, and Chellaram are in a 5 km radius. Various hospitals as well as

commercial and business hubs are also within 10 kms from the desirable homes at Vanaha Springs.

Residential projects by Shapoorji Pallonji Group

 

Shapoorji Pallonji Group is the powerhouse behind many landmark real estate projects, not just in India but around the world. Their projects span across a variety of sectors including everything from residential and commercial to industrial as well. Combining thoughtful design in prime locations and at reasonable prices, let’s take a look at Shapoorji Pallonji’s contribution to the construction of residential properties.

Shapoorji Pallonji has constructed residential projects across major cities in in India:

Imperial Towers, Tardeo, Mumbai (2009)

This landmark in Mumbai features 2 talls towers of 60 stories each including 9 podium levels, apartments ranging from 5,000 sq. ft. to 10,000 sq. ft., and a range of amenities including swimming pools, gym, club house, and more.

Sarova Township, Kandivali, Mumbai (2018)

This residential complex comprises 4 high-rise towers that accommodate 1,227 rehab dwelling units.

One Indiabulls BLU, Worli, Mumbai (2018)

This housing complex comprises 3 premium residential towers that accomodate 305 dwelling units and other civil and structural works.

Sun Court Tower, Greater Noida (2012)

This construction project involved civil, structural & MEP works for 20-storied twin towers.

AWHO Housing Complex, Noida (2019)

This residential project created for army personnel comprises 2 high-rise towers that accommodate 298 dwelling units.

Raisina Residency, Gurugram (2014)

This residential complex features 9 high-rise towers that accommodate 336 dwelling units as well as an EWS block of 60 units, a club house, shopping complex and 4 exclusive villas.

DLF – The Primus, Gurugram (2018)

This high-rise residential complex has 9 apartment blocks that accommodate 624 dwelling units.

Godrej Frontier, Gurugram (2015)

This design and construction project involved 10 high-rise towers that accommodate 456 dwelling units and 19 penthouses along with an EWS block of 84 dwelling units.

Hiland Park, Kolkata (2005)

The construction of this residential project involved civil, structural and architectural finishes for 6 towers.

Mantri Pinnacle, Bengaluru (2018)

This is a high-rise premium residential tower with 46 floors that accommodate 133 dwelling units.

Brigade Cosmopolis, Bengaluru (2018)

This premium residential complex comprises 9 apartment blocks built using aluminium formwork, accommodating 654 dwelling units.

Brigade Panorama, Bengaluru (2019)

This residential complex comprises 7 apartment blocks built using aluminium formwork, accommodating 1,035 dwelling units.

New Haven, Bengaluru (2017)

This high-rise residential complex comprises 35 towers built using precast concrete construction technology, accommodating 1,892 dwelling units.

Elita Promenade – Phase A, Bengaluru (2008)

This high-rise residential complex comprises 10 towers that accommodate 944 dwelling units.

Elita Promenade – Phase B, Bengaluru (2013)

This residential complex comprises 7 high-rise towers that accommodate 629 dwelling units.

Parkwest – Phase 1, Bengaluru (2018)

This premium residential complex comprises 3 high-rise towers that accommodate 703 dwelling units.

DLF Westend Heights, Bengaluru (2017)

This residential complex comprises 19 high-rise towers that accommodate 1,830 dwelling units.

Mahindra Windchimes, Bengaluru (2018)

This premium residential complex comprises 4 high-rise towers built using aluminium formwork, accommodating 400 dwelling units.

Assetz MarQ – Phase 1, Bengaluru (2019)

This residential complex comprises 4 apartment blocks built using aluminium formwork, accommodating 469 dwelling units.

Air Force Naval Housing Complex, Coimbatore, Tamil Nadu (2013)

This residential complex made for Indian air force employees accommodates 372 dwelling units of various types.

Shapoorji Pallonji is also the force behind a number of international residential projects:

• Al Khail Heights, Dubai, UAE
• Mudon Town Houses, Dubai, UAE
• Imperial Avenue, Dubai, UAE
• Al Quoz Residential Complex Phase 2, Dubai, UAE
• Taj Grandeur Residences, Dubai, UAE
• Abdulla Al Habbai Housing, Mirdif, Dubai, UAE
• Abraj Quartier, Doha, Qatar
• Abraj Quartier Residential Towers, The Pearl, Doha, Qatar
• Al Alam Palace & Al Khor Mosque, Muscat, Oman
• Altair, Colombo, Sri Lanka
• Housing at Setif, Algeria