Indian Investor attracted to the Kenyan Real Estate Market

Delta East Africa owned by Indian billionaire Mukesh Ambani is betting big on Kenya’s real estate sector with ongoing projects worth an estimated USD 34 million  (KSh3.4 billion).

The Indian businessman’s deepening foray into Kenya’s real estate market with a series of office and residential property developments has already earned him some good returns. This kind of investment in the country is an indication that Kenya’s booming property market is attracting increased international attention.

Through Delta Corporation East Africa, a local subsidiary of his Indian conglomerate Reliance Industries, Ambani is currently investing into multi-billion shilling office tower in Nairobi’s Upper Hill, another in Westlands areas and a residential estate in Athi River.

Teams Management Services (TMS), another subsidiary of the Reliance Industries, is leading the design and construction of the multiple development projects, which have positioned the Ambani business empire to becoming a leading player in Nairobi’s real estate space.

Source: Business Daily Nairobi

Posted by on January 23, 2012 in Uncategorized, , , , ,

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