Delta Corp taking Kenya by the Storm

Delta Corp is an Indian Company that is engaged in real estate (in India as well as East Africa), gaming and entertainment, aviation, and hospitality. This group of companies has acquired prime property in Nairobi. According to their website "Delta Corp East Africa Ltd. (DCEAL), has already acquired approximately 803,720 sq ft of land with a development potential of close to 2 million sq-ft."

Delta Corp Ltd is a publicly traded company on the Bombay Stock Exchange (BSE), NSE: DELTACORP.

If you have visited Upper Hill (next to Equity Center/Indonesian Embassy) you have seen a huge property development coming up; this property is called Delta Center. Delta Centre will provide lettable area of 180,557 square feet and 350 parking bays. As you enter Westlands you will notice two huge new towers coming up (accross from barcode club/ westland roundabout) This property is called Delta Corner. Delta Corner will provide lettable area of 234,081 square feet and 630 parking bays.

These are a few of the intended developments. Other upcoming developments include: Point, Hotel, River side, Plain, 4th Ngong, House.
Check out their website (http://www.deltacorp.in/real.html) to see a map of the land that they have acquired.

I am excited about the new professionally-done developments. I am envious of these guys!!
It would be nice if Kenyan investors were involved in these developments but all in all these developments will benefit Kenyans in the long-run.

This is also an indication that foreigners have seen potential in our real estate sector and some individual lament about the property bubble.