Destin Africa 24 Cover Story
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hen Moses Muriithi was still on campus, he knew he wanted to venture into the real estate sector. That’s why he endeavored to raise start-up capital, which he used to buy few parcels of land at prime locations. “I used to do freelance writing, and from the earnings I made, I invested in real estate,” he says.
However, Muriithi reveals that his journey to own land was not a walk in the park. “I visited several real estate companies and realized that there were many shortcomings.” Real estate is a sensitive matter as it is capital intensive. Investors must be issued with proper documentation such as letter of offer and title deeds, besides having a guarantee of the value of the product they are investing in.
Muriithi feels that many people buy parcels of land, which they can’t resell due to lack of demand. In this case, he believes location is a determining factor while investing in real estate. It is due to these shortcomings in the market that inspired the young entrepreneur to establish Fanaka Real Estate in 2016.
The company was born to bridge the gaps in the industry. “I’m the kind of person who tries to seal gaps in the market. I believe that business is about fulfilling someone’s needs.”
Moses Muriithi, Managing Director, Fanaka Real Estate.
Fanaka Real Estate Raises Standards in the Property Sector The company focuses on providing value to its clients by offering parcels of land at prime locations with ready title deeds By Jennifer Nyawira
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“Our products are within a radius of 50 km from Nairobi,” says Muriithi, adding that “People living in Nairobi need a place they can call home, somewhere they can settle and manage to go to work daily.” It’s important that people consider investing in cosmopolitan locations where there is high possibility of growth and appreciation.
Furthermore, Fanaka offers proper documentations to its customers and even allows them to do due diligence prior to buying the property. Once a customer identifies the project they want to invest in, they are given a copy of the title deed,
