Riat estate in Kisumu is situated beside Mamboleo, in the area of the Kisumu-Kakamega highway. It is a hilly estate with a great potential for any kind of investment that anyone might need to run. This is an area that any serious investor aiming to spend on land for sale in Kisumu cannot just ignore. The area has quite a unique versatility in that it is able to support various investment ventures namely; agriculture, hotel business, hostels, business complexes, villas and on top of all these, it is one of the best destinations to build up a personal home. Riat estate is increasingly boasting of a new kind of neighbors, mostly characterized by moneyed individuals and real estate property investors with a vision for affluent urban living designs.
The hotel business is primarily very suitable in this region considering its quietness, serenity and also its magnificent view. With more developed hotels within the region, like Ukweli resort already thriving, the area is basically a promising site for hotel business. A lot of people looking for hotel services usually seek the out of town setting and that’s actually what Riat hills entail. The picturesque view of the estate only serves to boost its capacity and credential to sufficiently host and accommodate the hotel industry.
The area is also suitable for construction of villas, cottages or perhaps holiday homes. The setting of Riat hills can offer a good day or two holidays or perhaps even a family outing. Serious property developers with good money to boost them can venture into this fresh idea that is yet to actually be fully utilized. Already, a Swedish real estate property developer, Coromandele Investment Limited has set pace within the area for this form of investment with an intention to set up luxury Swedish designed villas to be known as Hills villas.
Homes Africa, a listed real estate firm is also all set to set up gated community within the same area on a 72-acre piece of land some of which it’s still supplying to buyers wishing to build holiday homes. The venture of villas and holiday homes is slowly picking up in Riat and it’s just a matter of time before it reaches its peak. Therefore a wise investor should rush for a piece of this part of land for sale in Kisumu in anticipation for the expected boom in business sooner or later.
Rental apartments are likewise viable venture in the Riat hills. With more affluent people moving into the neighborhood, there is absolutely going to be a demand for rental units for the high income earners who are still not ready to build their personal homes. Already, some real estate property developers have moved in and constructed units in order to accommodate such clients. A good example is the Victoria hills apartments, which is a gated community being inclusive of 24 units.
The higher population in the area will create a need for a shopping complex, thus the demand for commercial buildings.