Real Estate Consultancy Services

For All Real Real Estate Services

Think big. We do.

Welcome to Godvari Limited

Legal Status
Godvari Limited is a Private Company Limited by shares and registered in accordance to The Companies Act Cap 486, Laws of Kenya. It was registered in 2022, with its registered offices situated in Nairobi.

Brief History

Godvari Limited was incorporated in Kenyain April 2022. Godvari Limited is now a well-established full service real property consultancy company operating at the forefront of the Kenyan property market.

The Company has acquired an excellent reputation and the trust of a number of the country’s leading property owners, pension schemes, Public corporate bodies, academic institutions, commercial banks and individuals. Its market share is continually growing.

The team is co-headed by Mr. James Ehaji, the Managing Director & Ms. Joy Mugure, the
Chief Executive Officer who each have over 12 years of experience in real estate consultancy, property management project management, facilities management and general estate agency.

Key Services Offered :

Estate Agency & Real Estate Consultancy

Project development ConceptsDesign, Alignment and Managemnt

Marketing and PR Campaign Design

Valuation and Appraisal Services

Property & Facilities Management

Research and Advisory Services

Team Members

Projects Done

Awards Won

Happy Clients

Power & Energy Consulting

Godvari Limited links you to the right and safe prividers and constractors of power for your venture.

Real Estate Automation

Tired with Paper work? Worry no more Godvari will sort all your IT needs to ensure efficiency and improved T&T

Supplies & Logistics Consulting

Let Godvari handle all your project supplier management and logistics at minimal cost.

FM Consulting

Tired of High Costs of maintenance for your organisation? Look no further, Godvari Limited got you.

Construction & Building consulting

Bring all your projects at Godvari Limited and have a hustle free topnotch project management services

Banding Consultancy

Grow your market share and coprporate image with our market leading services

Our Core Services

Joint Venture & Finance Structuring

As a company that is poised centrally in the market, we have been able to bring the benefits of real estate development to wider groups through joint venture arrangements and financial structures that create syndicates of development groups.

Our joint venture structures in particular have been highly successful in pairing owners of land that has latent potential with developers who undertake the process of real estate development, forming a structure that offers healthy returns to both the landowner and the developer. This has propelled activity in the real estate market as it offers landowners a turn-key package whilst granting developers access to prime land parcels for development in a structure of low capital investment.

Our financial syndicates are structured to bring together medium-sized investors looking to enter into the real estate development field. With developments that are fully managed by our in-house team, these investors have been able to garner high-yielding returns on investment without the day-to-day involvement of real estate development.

Property Sales & Letting

Giving a property the exposure it deserves to find quality tenants or to sell for the right price requires enormous commitment. At Godvari, we give our clients access to substantial marketing and to our pool of high-quality tenants and buyers thus reducing the turnover time for properties and achieving a better price.

In the marketing stage, our work involves creative design of marketing material, on-site marketing through signboards, hosting of open days, print marketing, web marketing and property viewings. At the transaction stage, we follow through on all legal paperwork and payments to ensure the deal is brought to a close.

At all stages, we will review and advise owners of the best ways in which to enhance values of their properties, whilst at the same time, aligning price expectations to market levels. This ensures we are able to offer buyers and tenants a hand-picked portfolio of properties that offer good investment and rental opportunities.

Project Concept Development &

Design Alignment & Management

The success of a development is decided at its planning and inception stages, where market dynamics are studied to ascertain the demand gaps within the market which, if correctly targeted, will result in high levels of end user uptake, this being a prerequisite for a successful development.

Given Godvari owns the country’s largest property and land datasets, we deploy data driven approaches to establishing market gaps within every suburb in order to perfectly align projects to the market. This has resulted in Godvari recording some of the highest development uptake in the market, even in economic downturns.

Valuations & Appraisal Services

We undertake valuations of residential, commercial and industrial properties, as well as businesses, hotels and lodges.

Our valuation team applies in-depth market knowledge, experience, research and analysis across a range of sectors throughout the region. We undertake a wide variety of instructions ensuring in each case that we have an in depth appreciation of our client’s requirements, tailoring our advice accordingly.

Our team combines the benefits of a national presence with specialist knowledge of key sectors, market awareness and technical expertise to provide clients with clear and accurate advice. We support developers, investors and land owners addressing their requirements with bespoke reports and consultancy advice pertinent to their distinct circumstances.

Property & Market
research

Godvari Limited is committed to the quarterly publication of regular industry updates.

This has proven over the last decade to be an important tool providing investors, home owners, the financial industry and consumers with current and historical information about house price inflation- allowing them to make informed decisions in the housing market, in order to enjoy the best possible returns.

We believe the index has also helped us all to understand far better the Kenyan real estate market, the urban residential market - and by extension, some of the dynamics within the Kenyan economy. In our experience, the best decisions are made with the clearest possible information. It is by working to flag within the market what is rising, and what falling, that we can do the most in ensuring funds are directed towards the properties that are currently most needed and most sought, particularly making the case for more affordable housing which is trending and now widely available.

We have a research team of 16 experts which includes a dedicated field research team powered by our own bespoke data collection application. We have produced numerous research reports for some of Kenya’s largest property development projects.

Development Branding, Marketing & Sales

Our presence in the real estate market over the last two decades together with our focus on maintaining transparency and integrity in the market has created us for us a distinct brand in the market that is trusted and relied upon.

As a result, both buyers and sellers alike have come to trust our expertise and our brand, particularly in residential development. The agency department provides a crucial link between developers and buyers, having collated over time a wealth of clientele who form a ready market for new developments.

Our client base comprises existing buyers and referrals, most of whom have developed confidence in the success of our developments. Godvari was the pioneer of off-plan sales of property in Kenya and in this respect, we are able to capture buyers at an early stage of the development, adding to the financial stability of the project.

Godvari's award winning marketing is attribute to its lead in real estate marketing with an emphasis on transparency, clarity and cultivation of brand loyalty with progressive and wide spread approaches to reaching its target audience. Our in house marketing team fully manages the development marketing program including the creation of the development brand, developing the marketing plan, production and media budgets as well as coordinating and implementing all marketing works.

Property & Facilities
Management

Ongoing management and maintenance of properties is a key factor in value realization, value management and value enhancement. To cater for this at Godvari, we offer property management services which involve rental collection and maintenance of building units, as well as facilities management which involves administration of service charge accounts and management of common areas and facilities within projects.

Our work in rental and property management involves rental billings and collections, financial reporting, property inspections to provide recommendations on maintenance and improvement programs, attendance to repair and maintenance works and lease administration including lease renewal and review of lease terms.

Our facilities management services relate to exterior and common areas of multi-unit developments and in this respect we ensure a suitable site team is recruited, collect and administer service charge funds, negotiate and administer service contracts, undertake regular inspections to provide recommendations on maintenance or improvement programs, attend to repairs and maintenance works and compile financial and management reports for the property. Our keen site management and utilization of service charge funds ensures that property values are maintained and uplifted.

Question & Answer

What do I do after viewing & selecting a valued added plot?

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What is real estate investment?

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How does someone save when they invest in an off plan compared to buying a ready built house?

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How different are we from other developers in the market?

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Latest News about our Industry

Furnished Apartments Market Records Increasing Growth

The serviced and furnished apartments business has blossomed in Nairobi over the past few years. Serviced apartments are furnished apartments that provide hotel-like facilities such as housekeeping, room service, fitness centres, and restaurants.

The contrast is that serviced apartments, unlike hotel rooms, operate just like apartment-style living thus lending preference to visitors seeking a homely environment, especially those who travel as families.

According to the Kenya National Bureau of Statistics, demand for serviced apartments has been on the rise, recording relatively high occupancy rates of above 70.0% in 2017, compared to hotels in Nairobi at 35.5%.

The statistics further reveal that while 43.2% of international visitors in 2017 stayed for less than 14-days, 56.8% of the international guests to Kenya in 2017, stayed for at least 15-days.

Investment firms in their service apartments research say that the concept of has continued to gain popularity in the market, with the Godvari having approximately 231 furnished apartments set to be complete in 2020.

The Divine Suites furnished apartments on Riverside Drive are the most luxurious residences located in the most prime area.

The research says this has been driven by a number of reasons including high demand which has resulted in high occupancy rates at above 70.0%, lower operating expenses as compared to hotels, convertibility where serviced apartments can be easily converted to normal apartments and relatively longer tenancy compared to hotels.

In addition to the growth in supply, the demand for serviced apartments has continued to grow as evidenced by the 8.0% points increase in occupancy levels in 2018 to an average of 80.0%, from 72.0% in 2018.

The popularity of serviced apartments can also be attributed to their benefits over hotels mainly in the form of lager spaces and comparatively lower rates. For instance, a standard 3-star hotel in Nairobi charges on average KSh. 14,000 per night for a suite, while a studio serviced apartments charges on average KSh. 8,000 per night and a 1-bedroom apartment charges on average KSh. 11,000 per night.

In terms of distribution major notes for service apartments in Nairobi include Westlands, Kilimani and Riverside with 36.0%, 22.0% and 28.0% of total supply respectively. This preference comes from their proximity to the CBD and the diplomatic blue zones.

Housing Demand In Nairobi

There has been a debate over the last few years if the bubble in the real estate industry in Kenya is about to burst. I tend to disagree because of a few reasons which basically rely on the demographics of Kenya. Unlike the traditional norm of buying land and building a house, most people particularly the youth, now prefer buying houses in Nairobi.

Urbanization
One of the key factors influencing the demand for housing is the old age tale “rural to urban migration “because people like to live, invest, work and play within their proximity. According to the census report released in August 2019, it shows a tremendous growth in population in Kenya, with Nairobi County leading with 4.3M and Kiambu County being the second largest with a population of 2.4M. With such demand for housing, wouldn’t Real Estate in Kenya be booming? After all, everyone needs a roof over their head.

Gross Domestic Product
The Gross Domestic Product growth has had a parallel influence on the real estate industry attributing its growth ratio from 4.9% to 5.5% in the last two years. The increase of the GDP has also attributed to consumers’ growth of income allowing them to afford apartments for sale or rent within the Nairobi County.

New Trends and Concepts in Real Estate Kenya
Nonetheless, the Real Estate Developers have adopted the concept of building property vertically due to the high cost of land in Nairobi. This allows them to demolish previously built houses and put up high-rises to meet the needs of the consumers. A good example is the Wilma Towers-Manhattan Style by Vaal Real Estate which is a twin tower development built in new era architecture offering modern amenities including an outdoor running track and kid’s play area. This is ideal for the citizens who would not want to move to satellite areas.

Mortgage Terms vis a vis Flexible Payment Plans
Moreover, the bubble would burst if the Mortgage lending rate was higher than the repaying rate by the consumer. As it stands most people shy away from taking up mortgages because one ends up repaying three times the amount of money they borrowed. Do your quick math and tell me how that sits with you.

Real Estate Connoisseurs prefer flexible payment plans with cash installments staggered over a period of time as specially offered to them by developers such as Vaal Real Estate. These are favorable to those looking for houses in Nairobi, as they do not attract any interests whatsoever. Why do you think most pre-sales are done when a project has a payment plan?

If a developer like Vaal Real Estate gets its product mix right by giving the consumer the right price, high-quality finishing, modern amenities, and a good location, then this would allow them to meet the needs of the clients.

The demand for apartments for sale in Nairobi’s green suburbs has never been higher; you just need to find that developer that will check your boxes in your search criteria.