Wednesday, September 8, 2010

Housing Finance to incorporate lifestyle in property development


Housing Finance will incorporate lifestyle when designing and developing residential and commercial properties.

Managing Director, Housing Finance, Mr. Frank Ireri, said cost of property would be lower if occupants’ views are addressed in the architectural product design. He was speaking at Indoor East Africa, an outlet that deals with housing solutions ranging from cutlery to indoor and outdoor lightning.

“The design of housing in the country is usually dictated by cost reduction and does not take people’s lifestyles into account, which often results in costly modifications” said Mr. Ireri.

The absence of these aspects has enforced the owners to carry out a number of changes on their properties and adapt it to suite their lifestyle.

“Working patterns for example have become much more flexible over the last few years. Many people now work from home and are connected to their colleagues via e-mail, video conferencing or web site,” said Mr. Ireri.

The product will also be ideal for persons who have been residing at the Diaspora as once they have bought an apartment here in Kenya for instances, In doors East Africa will be very handy to offer them the furnishings needs that they may require, they will no longer be required to move from shop to shop looking for various items, adds Ireri.

The MD was speaking after signing a partnership with interior design firm, In doors East Africa. The firm will offer a complete range of high end interior design services and decoration of commercial and residential outfits. In doors East Africa will prepare turnkey packages and provide entire project management support, from procurement and budget management to delivery and installation. The services will be available through the Housing Finance’s Property Point.

This solution will offer them access to basic households requirements ranging from cutlery, curtains, sofa sets, lightings and grills for the house for the developers, adds Amar Gardi, Indoors East Africa Managing Director.

Housing Finance is pioneering a housing lifestyle concept known as Integrated Township. An integrated township is essentially a self contained town normally developed as a satellite town.

Residences and commercial space form part of the locale. Apart from a clean environment, it provides quality units and good living environs.

Integrated townships foster a feeling of sharing and caring for one another. They also provide high security and personal privacy and access to common facilities such as sports, games, club house, gym, shopping malls, restaurants, business establishments, schools etc in a single area.

“Townships make life easy for the consumer and make a big difference in their lifestyle. The concept is best suited for the Kenyan market and a make very good business proposition for the developers,” said Mr. Ireri.

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