Development Projects in Kenya

An off-plan project is a property development that is sold before construction is complete, sometimes even before construction begins. Buyers purchase based on architectural plans, renders, and project specifications. This allows you to secure a property at today's prices while the developer builds it, often resulting in significant savings compared to buying a completed property.

To reserve a unit, you pay a booking fee (typically 5-10% of the property price). This secures your preferred unit and locks in the current price. After booking, you'll receive a reservation confirmation, sale agreement, and a payment schedule. The remaining balance is usually spread over the construction period in monthly or milestone-based installments.

Developers accept various payment methods including bank transfers, M-Pesa, cheques, and international wire transfers for diaspora investors. Many projects also offer mortgage partnerships with leading banks like KCB, Equity, NCBA, and Stanbic, allowing you to finance up to 90% of the property value. Payment plans are flexible and can be customized based on your financial situation.

After booking, you'll receive a reservation confirmation and payment schedule from the developer. You'll be invited for a site visit (if construction has started) and regular progress updates. Most developers provide monthly or quarterly construction updates with photos and videos. Upon completion, you'll do a final inspection, sign the handover documents, and receive your keys and title documents.

Completion timelines vary by project, typically ranging from 12 to 36 months depending on the size and complexity of the development. Apartment buildings usually take 18-24 months, while larger mixed-use developments may take longer. Each project listing shows the estimated completion date. Reputable developers include penalty clauses in their contracts for significant delays.

We verify all developers and projects before listing them on our platform. Look for the "Verified Developer" badge on project listings. We recommend conducting your own due diligence: verify land ownership at the lands office, review NCA (National Construction Authority) registration, check developer track record, and have a lawyer review the sale agreement before signing. Always ensure payments go to the developer's official accounts.