REAL ESTATE

Purple Dot hands over Sh1.3 billion house project to owners

Construction kicked off in April, 2019 and completed July

In Summary
  • Elina Residences, a development comprising of 66 three-bedroom
  • The interior layout and finishes have also been carefully planned and selected with functionality and value in mind.
Purple Dot International CEO Jiten Kerai handing key to home buyer Cecilia Murugi Mwangi
Image: HANDOVER

A residential and commercial real estate developer, Purple Dot International Limited has today handed over its Kileleshwa project to owners.

Elina Residences, a development comprising of 66 three-bedroom apartments and four 4,200sqft penthouse duplexes whose construction commenced in 2019.

The development that sits on a 0.8-acre parcel of land guarantees attractive returns to investors because of its proximity to central Westlands, Riverside, Lavington and the Central Business District.

The all en-suite apartments and penthouses are tastefully designed with attention to details central to daily living for the urban dweller as well as the psychosocial dynamics of family life.

The interior layout and finishes have also been carefully planned and selected with functionality and value in mind.

From the open plan kitchen, dining and living area to a unique nook that inspires a multifunctional use tailored to the family’s specific needs, Elina Residences has multifariously attracted both urban families and working professionals since before its ground breaking in 2019.

The property also showcases a fully equipped fitness gym, private event hall for use by its tenants some of whom began occupation earlier this month.

The ready apartments are currently selling at a Sh24 million on the market, with similar properties averaging between Sh28-30 million.

The average market rental income based on actuals in the area is expected at  Sh140,000 per month.

Speaking to investors and home owners at the ceremony  , Jiten Kerai, general manager of Purple Dot International Ltd expressed his delight in the project’s timely completion and the confidence that investors had in the project since its inception.

“We managed to complete the project on time and well within budget, given the general slowdown of construction last year. The off-plan sales uptake was very encouraging and we are very glad to be able to present our investors,''Kerai said.