Joint Real Estate Deployment Program
This is a revolutionary model that was designed by Property Dynamics that has changed the real estate industry in Kenya. The main aim of this model as to provide housing for a large multitude of the Kenyan population at an affordable cost. In corporation of this model disrupted the traditional methodologies of real estate development in the country and this was only achievable through involvement of Cooperative Societies
Sacco’s have a large memberships and a large percent of this are eager to invest in real estate. Traditionally, members would buy land in areas such as Kitengela, Isinya, Ruai, and the like but what next? According to a survey that we conducted, the main aim of most buyers of these pieces of land is developing a home. This becomes a tad difficult given all the logistics and expenses that go into construction. With this in mind, we were able to come up with this model that provides investment opportunities to Sacco members at an affordable price, in prime locations and at a convenient payment plan.
How is this done? Well, for the first time in the country, we have been able to bring cooperatives together to work towards the development of housing projects. In instances where projects are relatively small (less than 100 units,) individual cooperatives can uptake the projects wholly and their members can invest in the units. On the other hand, when projects are large, we are able to include more than one cooperative in one project whereby each society’s members are open to uptake units.
This way, we are able to assure 100% interest in the project. This model incorporates the cooperation of different societies towards one agenda, which has not been seen in this country before. Thus, the Joint Real Estate Development Program