The Responsibilities Of a Real Estate Developer are vast in the Kenyan property scene. As such, it might be an individual or a liable company who buys a property. Consequently, they make the necessary arrangements to construct residential /commercial buildings and again sell them. They also rezone a parcel of land and sell it.
A real estate developer plays a vital role in the field of realty. Specifically, they bridge the space between the building ability and investors/buyer’s needs. In fact, meeting the international standards and realty market demands is their utmost concern. For this reason, every real estate developer strives to meet these parameters at any cost.
Here are the Responsibilities Of a Real Estate Developer
- Creating a clear title for every project they undertake.
- Ensuring the land is not under any legal issues.
- Arranging the necessary funds and finances required for the project.
- Outlining the specific details about the projects. These include the built-up area, carpet area, and project plan. Other necessary details should be explained and shared with the customers.
- Acquisition of complete legal, regulatory and statutory clearances before construction.
- If there is a delay in project completion, the developer should be ready to repay the investors’ money with prompt interest.
- Sticking to the master plan which was proposed while advertising the project.
- The setting of a fair price for the projects proposed.
- Checking with the government and ensuring there are no pending notices or requisitions regarding the property.
- Preplanning of budget and raw materials.
- Updating clients with the progress of the projects.
- Promotion of his project effectively.
Key projects to currently look out for is the Riruta Legacy II Apartments and Ruai East Estate 3 Bedroom Bungalows. The property developers have a good track record of successfully finished buildings retain the services of qualified and professional architects, engineers and quantity surveyors, for the design all through to supervision and completion. Subsequently, the chances of any technical failure
