Kayole’s developments now rival posher estates
Kayole has been experiencing a boom in real estate as investors seek to get a slice of the area’s pie.
One of the major attractions are Sosion Estate and Shujaa mall, both under construction.
Sosion is expected to be a middle-class gated estate that will have a petrol station, a shopping mall and houses.
Competition
Kayole’s economic status has changed too judging by the number of banks in the area. They include Equity, Co-operative, Family, Rafiki microfinance and Faulu Kenya. It also has countless Co-op kwa Jirani and Equity agents, as well as M-Pesa kiosks.
Naivas Supermarket is the main shopping mall, but it will soon have a competitor as Nakumatt is planning to open a branch in the area.
Rents are affordable. A one bedroomed house goes for between Sh6,000 and Sh8,500, while a two bedroom house fetches a rent of between Sh7,000 to 12,000.
Single rooms and bedsitters go for between Sh4,500 and Sh6,000 and are popular among bachelors and young families.
“I like Kayole because of the cheap houses and good public transport. The numerous shops offer us a lot of buying options without having to go to the CBD,” said Peter Khakhasa, a resident.
For years, security has been a major concern but with recent developments and more police involvement in the community, crime has gone down.
“I have no security fears,” said George Mwangi who runs Hoist Refrigeration.
A resident of Buruburu, Mwangi said he chose Kayole to run his business because there are few traders who offer such services.