Destin Africa 24 Real Estate
Petroleum Engineer Turns Into a Real Estate Professional
In his quest to acquire a property, Samuel Gitari ended up establishing Rosam Real Estates to address existing gaps in the market By Jennifer Nyawira
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hen Samuel Gitari was doing his Masters in Petroleum Engineering in the United Kingdom in 2013, he was also working part time and saved some money with the intention of investing in property. He however says owning a property was not easy as he thought. There is a huge gap in the market. “Prospecting, choosing and finally paying for a property in Kenya is hard even for someone living in the country.” It means that it’s even harder for someone living in the diaspora.
Bearing this in mind, Gitari kept his money safely until he came back to the country. He acquired his first property in Kitengela, and this was the beginning of his entrepreneur journey. “My friends and colleagues started requesting for similar properties and that’s how Rosam Real Estates was born.” Rosam is a property investment company that was established to provide professional support to Kenyans looking to invest in strategic land around the country. The company does not only sell land, but also adds value to it through fencing, grading roads, and providing water and electricity. “We sell land to people knowing that they will either put it into use or sell the property to someone else.” The value addition part has been the selling point for most of the company’s properties. Projects So far, the real estate company has done
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READY TO SERVE: part of Rosam Real Estates team.
a number of projects including Twiga Springs containing 52 plots along Magadi Road, Kisamis Breeze Gardens Phase 1 and 2, and Savanna Gardens Phase 1 and 2. Other recently completed projects include Waridi Gardens Phase 1, 2, and 3 along Kangundo Road comprising 46 plots. “I’m glad that construction has already begun on these plots.” The newest project is Beulah Gardens (means ‘land of plenty’) that was launched in May this year. It is also located along Kangundo Road on the proposed Greater Eastern Bypass. The property is selling at Kes 350,000 for a 1/8 acre and Kes
680,000 for ¼ acre plot. The project is fully fenced with barbed wire and has a main gate. Amenities include access to roads, electricity and water supply.
Commenting on their focus on Kangundo Road and Joska in particular, Gitari says the road is being expanded in a dual carriage from Caltex at outering to Kangundo town. Besides, there is the construction of the Greater Eastern Bypass that is going to open up the area. The two projects, according to Gitari, will make Kamulu, Joska and other satellite towns on this road to be the new Utawala.
