James Muturi Kimani's Biography, Age, Spouse, Tribe, Real Name, Networth and Lifestyle Wikidata | Claim this profile

James Muturi Kimani's Biography in Summary

In September 2020, James Muturi Kimani, a former transporter, sold all of his lorries, consolidated his resources, and ventured into real estate.

His transportation company was stymied by lockdowns, forcing him to look for other opportunities. He founded AMCCO Properties Limited, a company that has grown since its inception.

"At the height of Covid-19, Nairobians were scavenging for any affordable residential land." "I saw a gap and jumped in, and that's how AMCCO Properties Limited was born," the former banker says.

His company has expanded rapidly as a result of the middle class's insatiable desire for land and housing.

AMCCO has completed 12 projects so far, including one in Kamulu along Kangundo Road and more than ten in Kiambu's Ndeiya sub-county.

But his main concern right now is Ndeiya. The entrepreneur is counting on the area's rapidly rising fortunes, a hot piece of real estate cake, to help him grow his business.

"When I first drove into Ndeiya, I couldn't believe how established real estate firms had missed out on this opportunity." "A Chinese bought my second plot here," he says.

Land in Ndeiya has appreciated rapidly in the last two years as Kenyans in diaspora and Nairobians have been eager to invest in the area following the government's efforts to transform the area's socioeconomic prospects.

The government's amenities and infrastructure projects are one of the reasons investors are flocking to Ndeiya, boosting Mr Kimani's business. These include piped water, tarmacked road networks, upgrading healthcare facilities to level three, and security investments.

New police stations in Ndeiya, as well as a new OCPD in Thigio, have increased security in the area.

In addition, with Ndeiya's new status as a sub-county and various development projects, the businessman notes that demand for land has been increasing as prices skyrocket.

An acre of land in Karen currently costs about Sh35 million, about Sh12 million in Tilisi, and about Sh3.5 million in Ndeiya. 
 

The majority of Nairobians who were compensated by the government during the construction of Waiyaki Way bought land in Ndeiya, causing land prices in the area to skyrocket.

'This place reminds me of Karen. "The opportunity for growth was there, but no one saw it," he explains.

The majority of their customers are women between the ages of 27 and 47. Diaspora customers account for 10% of AMCCO customers.
AMCCO is currently working on three projects in Ndeiya. Neema Court in Gikambura has 50X100 plots for sale for Sh1.5 million. The project is one kilometer away from the road. The price of Kamangu Green Garden Phase III, which is about three kilometers from the tarmac and ten minutes from the Southern by-pass, is Sh650,000. 
 

Amcco Genesis Gardens Phase II in Thigio, along Ha-Koinange Road, is priced at Sh799,000.

"The difference in pricing is part of our product diversification so that we can cater to different consumer segments with pocket-friendly budgets," he said.

Because of the good road networks and easy traffic, the neighborhood is popular among Nairobians who work in Westlands, Ngong Road, and the Nairobi CBD. AMCCO sells land that it already owns and has title deeds to.

"It takes 90 days for us to issue title deeds to customers after finalising payment," he said.

With the sale of the locals' land parcels, the neighborhood has become more cosmopolitan.

Land in Kamulu was previously more expensive than in Ndeiya. "However, the prices matched within a year, and by the end of this year, land in Ndeiya is expected to be more expensive than what we have in Kamulu," the MD adds.

An ongoing challenge is that land prices in the Ndeiya area have doubled every six months over the last two years, and sellers are unwilling to lower the prices, saying "it's either you take it or leave it."

Previously, no one wanted to settle in Ndeiya because of the harsh environment and lack of social amenities. Locals used donkeys to transport water over long distances back then.

However, with the Kiambu County government's piped water connection, life in the area has completely changed. Ndeiya had no new land titles since 1991 until June of this year, when President Uhuru Kenyatta issued title deeds to the locals.

Land prices have not only increased as a result of the new titles, but they will also help to resolve any existing land issues.