Kenyans asked to avoid Unregistered Companies; Invest in Firms Recognized by Association of Real Estate Stakeholders

Real estate stakeholders are urging Kenyans not to invest in any company that is not a member of the Association of Real Estate Stakeholders.

Speaking while unveiling their offices in Spur Mall, Ruiru the realtors said they have begun an ambitious campaign to weed out all rogue developers who have been conning Kenyans their hard earned cash.

“We are not turning back anytime soon. We have gone public and we are telling Kenyans not to go to any company that is not our member. If you invest with anyone who is not one of us be ready to sort yourself,” said Director Olive land Limited Peter Gitau.

Gitaus said the association has also formed a council of elders that will specifically focus on vetting all companies that sell land.

“All members are on probation and we are here as elders to ensure that we have clean companies. As elders we will ensure that anyone who is in the real estate does clean business,” he said.

On his part, Chair of Association Kinyua Wairatu said as an association they are ready for government regulation as long as public participation will be done.

“We are not at all going to fight with the government. We will cooperate and any regulation that will be brought to place we are ready to give our views,” he said.

Managing director Wilstone Homes Ejidio kinyanjui said they are not opposed to taxation as long as the money collected will help in development.

“As long as we will have better roads, infrastructure we are fully behind taxation. It’s through taxes that we will move forward as a country,” he said.

The association at the same time urged Institute of Surveyors to fully focus on their job saying it has no mandate to talk about subdivision.

“We hire them to work for us they should not lecture us about what to do. Let everyone concentrate on their job,” said CEO Hotstep holdings Stephen Kigathi.