PHOTO CAPTION: An advertisement banner for the botched Rama Homes Gateway Park, Syokimau project
A group of ambitious investors who envisioned owning homes in Syokimau – a vast residential area in the west of Machakos County – are crying foul after the Nairobi-based real estate firm that they entrusted with the assignment chose to play cat and mouse games with their hard-earned money.
Over two years since the deadline for the multi-million Gateway Park Syokimau project, the company identified as “Rama Homes Limited” is yet to deliver the houses to its clients as promised.
They claim that the effects of the pandemic occasioned the unprecedented slowdown, but as one victim confidentially disclosed to this blog, this excuse cannot be further from the truth.
Writing to us on Tuesday, June 28, the affected party explained that as per the agreed terms, the proposal was an off-plan scheme in which buyers were asked to commit part of the payment and then clear off the rest from the comfort of their new homes.
They were offered a grace period of up to 2024.
All was going well, deposits were coming through and construction was continuing at a fast pace.
The dream was slowly turning into a reality.
However, following the completion of the units, the company suddenly changed its tune.
They now demand that buyers have to fork out full amounts in order to allow them into the houses.
By now, the victim who opened up to us revealed he has had paid up to Sh5.45m, which is Sh650k more than the Sh4.8m that they were told would be required in order to receive their houses and offset the rest later.
But in total contrast to this expectation, the guy is still stuck in his expensive rental unit yet he should have been a homeowner 1 year and 9 months ago when he fulfilled his payments.
“Hi, Nyakundi,
I am a purchaser of a home with a developer called Rama Homes.
I undertook a purchase of a house in their Gateway Park Syokimau project that was to be finished in October 2020, which they haven’t until today, and citing Corona and other issues for the slowdown.
This is an off-plan project in which they are forcing clients to keep paying even though we were to pay while in the houses.
As of now, they are selling our homes to cash buyers even though we have been patient with them.
They are saying we have to pay full amounts to enter the homes, which as per the agreement we were to pay until 2024.
Up to this point, no handover has happened and yet they are claiming full amounts.
I have paid up to Sh5.45m and should have moved in at Sh4.8m according to the agreements, yet they claim I am defaulting while I still pay rent where I live while I should be in the home for over 1 year 9 months almost 2 years.
We also wonder how Corona only affected the developer and not the clients.
They are very rough with the clients.
Kindly keep my identity anonymous,” the source writes.
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