Nairobi Kenya, November 9th, 2021
Purple Dot International Limited, a fast-growing and dynamic residential, and commercial real estate developer in Kenya held a key handover ceremony today from 9 AM – 10 AM for Elina Residences, a residential development comprising 66 three-bedroom apartments and four 4,200sqft penthouse duplexes in Kileleshwa. Purple Dot team was on hand to share insights with stakeholders and the media on the value of the investment and officially hand over units to new homeowners and investors.
The development that sits on a 0.8-acre parcel of land guarantees attractive returns to investors because of its proximity to central Westlands, Riverside, Lavington, and the CBD. The all en-suite apartments and penthouses are tastefully designed with attention to detail central to daily living for the urban dweller as well as the psychosocial dynamics of family life. The interior layout and finishes have also been carefully planned and selected with functionality and value in mind. From the open plan kitchen, dining and living area to a unique nook that inspires a multifunctional use tailored to the family’s specific needs, Elina Residences has multifariously attracted both urban families and working professionals since before its ground breaking in 2019.
The newly completed residential property also showcases a fully equipped fitness gym, private event hall for use by its tenants some of whom began occupation earlier this month. The ready apartments are currently selling at a competitive 24 million on the market, with similar properties averaging between 28-30 million. The average market rental income based on actuals in the area is expected at Kenya Shillings 140,000 per month.
Speaking to investors and home owners at the Key Handover Ceremony, Jiten Kerai, General Manager of Purple Dot International Ltd expressed his delight in the project’s timely completion and the confidence that investors had in the project since its inception. “We managed to complete the project on time and well within budget, given the general slowdown of construction last year. The off-plan sales uptake was very encouraging and we are very glad to be able to present our investors and home buyers with a quality finished product as promised”.
The handover event took place in Kileleshwa, along Mandera Road. The central location of the project boasts of easy accessibility to major suburbs, the CBD, and a large concentration of international schools as well as several leisure and recreational sites.
The public is hereby welcome for viewing and sales inquiries.