Project Description

Crescent Villas, Kandisi, Rongai

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Crescent Villas is an upcoming development in Kandisi, Rongai. It comprises 28 units, with common garden in a secure gated community, a few minutes from Nairobi CBD.

This project is now fully subscribed and construction is expected to begin in September2015.

Phases

Expand Discussions | 1 / 3 Completed

Phase 1: Project Subscription 0 Documents 2 / 2 Tasks 0 Responses

100%
Description

In this phase interested investors sign up and put a deposit as commitment fee. They also consent to defined by laws, set to guide future development of the property. Investors sign the share holders agrrement.

 

Sign up Status:

This project is now fully subscribed.

Percentage Subscribed : 100%

Land Details:

Unit Size: Eighth of an Acres ( Including Common Garden )

Total Units: 28

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Phase 2: Land Aquisition 0 Documents 3 / 4 Tasks 0 Responses

98%
Description

Objective:

To have all the funds raised, legal work done and property bought

Status:

90% of the funds have been raised. Property has been acquire with limited borrowing of the 10%, of which share holders are expected to clear soon. Security guaranteed by individual borrowers. Title deed has been issued to the investment vehicle.

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Phase 3: Construction & Hand Over 0 Documents 0 / 5 Tasks 0 Responses

20%
Description

Budgeting, Design and planning done. Construction work has not began yet.

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