Why 'Parklane Towers' Is The New Talk Of Nyali

There is a new center of attraction in Nyali which have drawn considerable attention from real estate investors and potential home owners as well. And am sure that a majority of people reading this have must have heard of 'Parklane Towers', an outstanding apartments project in the prestigious neighborhood of Greenwood in Nyali, Mombasa. Courtesy of the highly rated realtor, Benford Homes we bring you a brief insight into this luxurious mind blowing development. What really makes it stand out? 

The first thing that hits your mind when you visit the place is unique blend of luxury, convenience, and a very high investment potential. That is what perfectly defines these exceptional off-plan 2-bedroom apartments that sits on the most prime and sought after area in Mombasa and the coastal region at large. In our quest to understand why this project has uniquely won the hearts of many real estate enthusiasts, we not only visited the site but also spoke to some investors already investing in the development. 

''I wouldn't have afforded to miss this investment opportunity,'' said a prominent businessman from Nairobi who had traveled all the way to secure a piece of the Parklane Towers, '' have been looking for an opportunity that can get me invest in airbnb hosting business which would mainly target the tourists. This is a perfect fit. The location is right, the elegance, accessibility and sense of security.''

The track record of the well reputed developer also appeared assuring to the investors, having successfully completed 15 projects in Nyali and Mtwapa. 

'' This developer is well known for timely delivery and commitment to quality. This definitely makes me feel in safe hands,'' remarks another investor who have acquired some other property by the same developer.

A tour into the apartments confirmed meticulous construction with a very fabulous finishing that reflected quality, elegance and luxury. From a highly spacious lounge to a 1200 sq ft marvelous living room, 2 en-suite bedrooms and a kitchen designed with contemporary aesthetics. Not to mention the beautiful and spacious exterior space with an ample, secure and convenient parking space.  The apartments apparently depicts a lifestyle of comfort.  

Going at KES 7.5M only, there is indeed every reason to go for this 2 bedroom apartment, whether you’re looking for a place to call home or an investment opportunity with high returns. And with many investors across the country eyeing the project, its just a matter of short time and those procrastinating the purchasing decision discover themselves late. Of course, no one with what it takes would like to miss this opportunity. Would you? 

For more details about this project, visit & contact: Benford Homes

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The 'Stupid' Property Buyer With A Smart Mind

His doorbell rang. Surprised, he looked at the wall clock. It was 8.30 AM on a chilly Saturday morning. He was not expecting any guests at that time, hence the surprise reaction. Reluctantly, he rose from the sofa where he had been lying as he watched his favorite morning TV talk show about investment issues.

His name was Richard, a gentleman in his early 40s with considerable success in business ventures though still a bachelor. Was somehow wondering why his gate man never consulted him over the unexpected visitor or visitors before allowing anyone entry. However, the transmitted camera images got him relieved, though in suspense, on seeing one familiar guy and two other complete strangers that appeared to him like a mid-aged couple.

The familiar guy was Richard's humorous drinking buddy by the name Timothy, a teacher by profession. Timothy was a social guy who was generous with ideas and who often referred to Richard as 'master'. He was short in physical height and dark in complexion, with a funny soft voice.

''Good morning everyone, welcome in'', Richard ushered them in when he finally opened the door.

''Morning to you, thank you'', they responded, almost simultaneously as they got inside the bungalow.

''Meet Mr. & Mrs. James Ndekei', Timothy kicked off the introduction upon settling on the luxurious couches that occupied a sizable space in the large living room.

''My pleasure to meet you'', answered Richard, his eyes glued on them, wondering about the reason behind the seemingly odd impromptu visit.  

''He is Richard, though I have exclusive rights to call him 'Master,'' said Timothy in his usual light tone introducing his buddy to fellow visitors.

Richard smiled, offering to prepare some coffee for them, which he did and served in a very short while.

''I just thought you could be a beneficiary of some situation here. It is rather urgent'', Timothy started, sipping his coffee intermittently while Richard jerked his head in keen attention.

''James is my cousin and the only child to his deceased parents who perished in a road accident about two years ago. This couple has a young daughter with a serious medical condition requiring treatment in India..''

''Just a minute, have you just mentioned 'serious medical attention'? How do I become a beneficiary of such a situation? Or am I not getting it right?'' Richard interjected with multiple questions packed in a tone of sadness, even before Timothy had finished his statement.

'' Please master, let me finish. As a part of raising money for the treatment in India, James is urgently selling some property. It is a 100 by 100 plot in town. A commercial building can be put up there,'' explained Timothy, and then paused while staring at Richard as if to see if his words were being well received.

''Mmmmh I see. Am really sorry for your situation.. Please how much is the property selling at?'' Richard asked, turning to the couple.

''At 3M you have it,'' answered James in a somewhat faint voice.

Richard owned a big restaurant and a club at a rented space in the same town and was often declaring interest in real estate every time he got into conversations with his buddies. That is why Timothy considered him for the deal.

'' Remember you can put up your businesses on that space buddy.. Think about that location. This is a windfall opportunity'', Timothy remarked, in an obvious bid to convince Richard.

Back in his mind, Richard knew that the value of the plot was much higher than quoted. He also knew that he badly needed the space. And he had the financial muscle to embrace the opportunity. He thought for a while. If he failed to buy, someone else would definitely buy without thinking twice. But there was another voice warning him against taking advantage of a desperate situation for selfish gain.

'' James, do you know the real market value of that plot?'' Richard eventually asked. He was sure that the couple did not consult for professional valuation of their property. Having interacted with a few real estate agents, Richard was a little conversant with that field unlike Timothy, who most likely ill-advised the couple. In fact, Richard had earlier witnessed a 50 by 100 plot in the same town being sold at 2.5M! With that in mind, he could not understand how a 100 by 100 could go at a mere 3M.

''Probably, the pressure from their daughter's issue is pushing them quite hard. Selling cheap for a quick sale to urgently meet an end'', he thought.

''Our main goal is to get money for our daughter's treatment. We need a total of 2.8M for that exercise. We need it quickly, no time for fundraising. So please if you can buy at that 3M and sell at your own higher price, we don't care about it,'' responded James. You could note a deep sense of desperation in his voice.

'' You see Richard; this is a very urgent issue. It is about a quick sale to save their daughter,'' Timothy intervened. One thing he was sure of was that Richard would afford it at that cost. He was actually surprised that Richard was struggling to make the 'clever' decision of going for it.

''I understand the seriousness of your need. But let me tell you something, I won’t buy it at that price,'' Richard said to everyone's surprise. They all looked at each other in amazement.

''You want a lower price really?'' asked James

'' I will buy it at the market value. Simply, I won't take advantage of your naivety. Okay?'' responded Richard as he scrolled through his phone, seemingly searching for a contact. He was looking for Citiscape Valuers & Estate Agents. He had saved their contacts after noting that several of his friends in real estate had successfully used their services. He was also considering purchasing a property with that agency in future.

Silence ensued, as they all waited to see what Richard was up to.

'' I want us to involve the services of a valuation and real estate expert. We can have the valuation exercise done today, then we see what to do. It is a great agency that will give proper guidance and advice. Don't worry, everything will be fine,'' said Richard, ''are you okay with that?''

''Sure, but hope the process won't take long,'' replied James, her wife's face showing a sign of discontentment.

Nevertheless, Richard called Citiscape Valuers & Estate Agents and immediately arranged a visit to the property site for valuation the same day. By the end of the day, Timothy and the couple were astonished to note that the actual worth of the plot was 6.5M!

''Look, this plot is in a very economically rich and prime area with access to all essential facilities. This town is developing and you will be amazed at the value of these properties here a few years from now,'' advised the agent.

After they were done with the agency, they proceeded to Richard's office, a few minutes’ drive from the property site. He had already made a decision.

'' Guys, I think you will still need a piece of that plot. The fact is, you wouldn't sell it if not for your predicament. So, I will buy half of it, which will get you enough money for your urgent needs, then you can spare the other half for your future,'' he said at last. It was like a judge making an acquittal judgment to a suspect. It was all smiles to the couple. They hug each other, not believing what they had just heard.

''We thank you Timothy for connecting us with Richard. Richard, we can't thank you enough'', emotionally, James couldn't help uttering.

Later, a transfer was processed and the deal done. The couple's daughter successfully got her treatment and is doing well. James is now planning to develop the remaining 50 by 100 for commercial purposes, having learnt some good lessons.

 Never let your circumstances lead you into blind decisions. At least when it comes to property issues. Secondly, always consult experts before making big decisions no matter your situation.

Written By: Daniel K. Maina (QwariaMedia Writer & Editor)

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Long Time Friend, 2 Bedroom Apartment And An Idea

''There we are,'' said Anthony with a bright smile as we drove into 'Moon Valley Apartments'. We had just arrived at his residence in Kileleshwa, a luxurious 2 bedroom apartment. Anthony and I were long time friends who happened to lose contact at some point in our early life. Fortunately, he won international scholarship to study in UK and subsequently relocated for his new life there.Ten years later, we bumped into one another in a city shopping mall having come back home from UK. I was to learn that he even got a great job there and was here for a home holiday. Apparently, he looked good and prosperous even by his physical appearance. He drove me for a visit to his residence at his newly acquired apartment in Kileleshwa. As he parked at the controlled parking area, I could not help marveling at the fascinating view of the apartments and the surrounding right from the gate. Anthony noted my strong admiration obviously showing on my face. 

'' I got more than I was looking for,'' he uttered as we alighted.

''Sure, the place is just superb'', I responded as he led the way.

High level security right from the first entry at the main gate, CCTV and video intercom in the apartments was quite satisfying and potentially intimidating to any uninvited guest or intruder. Noting my curiosity for more view of the exterior, he decided to take me round before entering his apartment. So amazing and unique was beautiful large outdoor lounge area adjacent to a marvelous water feature. In fact,  Anthony had to distract my attention from the feature so that we could get moving.

''This is Dubai Style my friend'', he quipped, leading the way to an equally great BBQ area. 

The whole exterior was well landscaped with a freshly green grass carpet extending to a spacious and sheltered kids play area. Honestly, what I saw was just outstanding!

''How did you get here?'' I asked curiously. 

I had already fallen in love with the place even before entering the apartment. 

''Have got some nice guys who have helped me acquire various properties here and there'', he answered, while removing his sun glasses to scratch his left eye before wearing them back.

''And who are those nice guys?'', I impatiently followed up. 

'' VAAL REAL ESTATE''  he answered.

By then we were past a large charming swimming pool and headed right back into the building. We entered and headed to the lifts that I later noticed were high speed. On third floor I was led to the wonderful 2 bedroom apartment. The first thing I noted as I sat on a grey sofa was the natural lighting that 'flowed' through the large windows making the living room brilliant. In fact, I had to have a view through the window which treated me to panoramic views that encompassed Lavington and Riverside. 

''Wife and children are out of town but you will meet them soon. We are here for a three month period before going back to UK,'' said Anthony as if reading my mind. I was actually to ask about his family.

'' And what do you plan about this apartment when you are back in UK'', my usual curiosity struck again.

'' I have options..am thinking of airbnb business. This place is very strategic. This is a big investment my friend. I have many contacts from UK with frequent visits to Kenya. Both Kenyans and British. So I already have a market'', he answered convincingly, '' I will invest in more apartments at prime locations like this one in Nairobi and Coastal region for airbnb business. Its a booming business. A similar furnished apartment here is being rented out at a rate of Kes 8000 per day or between 150k and 180k per month. You can imagine how huge the returns could be. You just need as low as 12M for an apartment like this one. In future you may decide to sell it, and make a huge profit of course.''

''That is a fantastic idea'', I said, honestly inspired by his sense of wisdom on investment.

 That is how I developed a very strong interest in real estate investments. Meeting this long time friend of mine was actually an eye opening experience. Though he later returned to UK, he remains my mentor as I plan to make a move in this field of investment. Fortunately, am already referred to according to his own words, nice guys, VAAL REAL ESTATE as reliable partners in this journey.

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