Real Estate company, Username Investment Limited, issued 700 titles to land owners of its various projects as part of its goal of encouraging the Kenyan youth to safeguard their future by investing in property.
Speaking during title issuance ceremony held at the Haven-Konza in Kajiado County, CEO, Reuben Kimani noted the company’s commitment to ensuring that buyers get value for their money.
“We are aware of the challenges that still remain, such as access to finance by many potential homeowners, especially low-income groups. One of our aspirations is to ensure that over the next five years, we settle as many youth as possible into home ownership,” said Username Investment CEO, Reuben Kimani.
He added that this being the second title issuance ceremony this year proves that Username Investment delivers on their promises, at a time when the property market is ridden with fraud unscrupulous businessmen.
Statistics from the Ministry of Land indicate that there have been about 7,052 cases of property fraud, which has been made worse by unscrupulous businessmen colluding with professionals mandated to ensure no fraud.
The Ministry further highlighted that the scams could be costing the economy sh60 billion annually. This is the estimated cash that the government loses in land rates, court cases and lost investment opportunities when disputed land lies idle.
Username Investment says it will continue to invest in parcels of land that are affordable, strategic, of value to its clients and play its role in restoring confidence in the process of land ownership in the country.
“By creating secure access to land, Username Investment is playing its role towards Vision 2030’s goals to ensure affordable housing for all Kenyans by 2030,” he noted.