When the cornerstone for Enaki Town was laid back in November 2018, it was heralded as the dawn of a new era in Nairobi’s real estate landscape.
The ambitious Ksh.10 billion project spearheaded by the prominent Waiyaki family in collaboration with real estate heavyweight HassConsult Real Estate was set to redefine luxury living with grand visions of penthouses, duplexes, apartments and a sprawling ‘spiritual’ garden.
However, fast forward to 2024 and the narrative has taken a stark turn.
Over 100 homeowners who invested in the Enaki Town project during its development stage now stand in the eye of this storm, their voices echoing a chorus of betrayal as they engage in a bitter dispute with the developer, Rosslyn Suites Limited, a company largely owned by HassConsult.
At the heart of the controversy are lease agreements that homeowners allege unfairly curtail their property rights and impose onerous financial burdens.
The crux of their discontent lies in the clauses of the lease agreements introduced post-sale, catching many off guard and leaving them feeling aggrieved.
Among the contentious clauses is one designating HassConsult as the sole letting agent for Enaki Town units, effectively restricting homeowners’ autonomy in leasing out their properties.
The agreements also stipulate fees for leasing out units, even if tenants are secured independently by homeowners.
This, coupled with a requirement for homeowners to pay hefty fees should they wish to withdraw their properties from the rental market, has left many feeling financially shackled and disenfranchised.
Enaki T602 Agreement for Lease (1)_removedAdding fuel to the fire are allegations of delayed project completion, resulting in significant financial losses for investors.
The fluctuating USD/KSHS exchange rate in a volatile market has compounded these losses, exacerbating tensions and fueling distrust among homeowners.
Discrepancies between promised amenities and the final product’s quality have further eroded homeowners confidence in the project.
“They said it would be a smart investment now we can’t even enjoy the amenities we paid for. Access to our own homes is being held hostage. It’s a disgrace to homeowner rights,” says one of the victims.
As homeowners rally against these draconian measures, HassConsult remains conspicuously silent, failing to respond to repeated communication attempts.
The once-promised epitome of luxury living now stands as a stark reminder of the perils homeowners face when developers prioritize profits over people – a symbol of the struggle between corporate might and individual rights.
Homeowners are demanding for accountability and transparency as they seek to salvage not just their investments but the very essence of what Enaki Town was meant to be.
For a comprehensive understanding of the Enaki Town project, please refer to the following documents which provide detailed insights into the development, purchase process and lease agreements.
Enaki Town Brochure
An overview of the envisioned luxury living experience.
Enaki Brochure Resized (1)Enaki Town Residential Resort Development Information
Detailed information about the resort’s development.
Enaki Residences Insert (1)Purchase Process
Step-by-step guide on acquiring a property within Enaki Town.
Purchase Process (1)Agreement for Lease
Contractual terms between the developer and the homeowner.
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