COVID-19: Investors Embark on Affordable Mega Housing Units
There is no doubt that the Coronavirus will leave a lasting impact on the construction industry. As states begin to reopen from the Coronavirus shutdown, contractors learn new ways to operate to keep their employees safe in the field.
The sector has also started to pick up in the country. Currently, three investors have proposed to build a gated residential housing project in Mavoko, Machakos County.
According to their proposal, the project will have 13 blocks of flats with 570 housing units and 500 parking spaces, 31 shopping units, a children’s playground, and other amenities.
Upon completion, the six-acre project will be a big boost to the country’s affordable housing plan. Upto date, Mavoko has been quite promising with various real estate developers setting camp in this mixed-use area, the likes of Great Wall Gardens Phases 1,2 & 3 and Sunset boulevard, among other estates.
On the other hand, Aberdare’s book Merchants Limited is making arrangements to put up 165 units of two-bedroom apartments along Agoi road, Pangani area in Nairobi.
Records at the data at the ministry of lands indicate that since the pandemic’s start, the construction industry momentum reduced significantly as potential developers opted for a wait and see approach.
With construction companies entering the post-COVID-19 environment, they have a challenging job ahead, ensuring their workers abide by social distancing guidelines and remain productive.
Previously, the construction industry members — including owners, developers, contractors, subcontractors, and supply chain vendors — have experienced varying degrees of impacts due to the COVID-19 pandemic.
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