Kenya to Fast-Track Transactions for Property Developers

To boost investments in real estate and infrastructure development, the Kenyan government has promised to fast-track transactions for property developers.

Lands and Physical Planning Cabinet Secretary Prof Jacob Kaimenyi in a meeting with Kenya Property Developers Association (KPDA) officials led by their Chairman Muchai Kunyiha at Ardhi House assured that the Government is working to ensure that land services are delivered on time.

The lands CS concurred with the association that there is an urgent need to establish a special desk at Ardhi House and other lands offices centres countrywide to hasten transactions for large scale property development.

Prof Kaimenyi urged the association to adopt the best practices while discharging their duties.

In his remarks, Mr Kunyiha said the association had embraced the Geo-referencing, the description of property boundaries with more certainty and accuracy than before in line with the Land Act 2012 and Land Registration Act 2012. He lamented that delays in both acquisition of title deeds and slow pace of registration was a hindrance to property development.

The Association, however, commended the Ministry for fast tracking valuation services.

This post first appeared HERE

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