Developer blames rules for titles delay
REAL ESTATE
By Faith Karanja
| Aug 1st 2019 | 2 min read
REAL ESTATE

Housing firm Erdemann Property has blamed new requirements at the Lands Ministry for the delay in the processing of titles for one of its projects.
Sales and Marketing Manager Michael Olanya while responding to complaints by clients who bought into its Great-Wall Gardens Estates in Arthi River said there have been problems with the digital registration of titles at the ministry.
"Already 50 land title deeds have been registered and the rest will be completed in about three months," said Olanya at a briefing in Nairobi on Tuesday.
He said some of the titles that had already been registered had to be reapplied to meet the new digital technology requirements.
"We have gone through the processes that are required and soon we shall complete the process,” said Mr Olanya.
READ MORE
Properties manager Victor Odera urged the homeowners to be patient, warning homeowners not to follow up the matter with the firm and not the residents' association.
"Any homeowner has the right to inquire on the registration of their property to the developer or its lawyers," said Mr Odera.
On May 3, the residents wrote to the developer, Edermann, and their lawyers Simba and Simba expressing worries over the delay in processing subleases.
"We are greatly concerned that registration of the sub-leases delayed, this has exposed some homeowners to great risks of penalties accruals for unpaid stamp duty, including denying homeowners the benefit of realising their investments in the event they desire to dispose of their properties,” the letter by Great Wall Gardens Athi River Homeowners Association said.
The flats are built on a 30-acre parcel of land and were billed as affordable units for middle and lower-income earners.
Currently, two phases have been completed and a third is underway.
RELATED VIDEOS
Weak shilling pushes inflation to new high
High cost of electricity, food and transport pushed up the cost of living in July as prices of products increased by 6.27 per centChina rejected Kenya's request for Sh32.8b debt moratorium
China is Kenya’s largest bilateral lender with an outstanding debt of Sh692 billion.MOST READ

Kenya Kwanza queries state deal with foreign firm on three ports
BUSINESS
- Ukraine war sees importers default on loan payments
BUSINESS
- Comesa watchdog probes Toyota over trade practices
BUSINESS
- HFC partners with Britam in new education insurance plan
BUSINESS
- Poll body ordered to include running mates photos on ballot papers
NATIONAL
- Investors take up 80pc of Konza city's phase one land for development
REAL ESTATE