Need an Apartment? Purple Haze Residences development has what it takes

Purple Haze Residences development is situated off Dennis Pritt Road on Kitale Lane and it offers luxury residential 2 and 3 bedroom apartments as well as 3 and 4 bedroom penthouses all designed in modern living architecture and fitted with world class appliances.

The name came up due to the Jacaranda trees and flowers that were blossoming in the land the development occupies and it is the ideal choice for anyone looking for space, luxury, comfort, security and serenity.

During an exclusive interview with the Director of Purple Haze Mavji Varsani, he noted that the property is a Kshs.4.5 billion project and sits on a 2.5 acres of land in a leafy suburb with close proximity to schools, embassies, offices, malls, hospital and access to main road infrastructure.

Amit Mody – Design Architect (WAVE Design Consultants) for Purple Haze Apartments, Deep Jitendra Nagda – Director and Mavji Lalji Varsani – Director during the International Property Awards ceremony held in London December 2018.PHOTO:COURTESY.

Mr. Varsani says that the property is focused on lifestyle and the landscaping has been designed in accordance with ‘a home retreat feeling’.

 

 

The Five senses elemental courtyards, vertical living walls, water features and Zen gardens all ignite the spark of true holistic living that come together to merge the 5 senses and the elements of the earth.

”Each apartment features a self contained, detached servant quarter, a top of the range European finishing combined with artisanal workmanship which brings out the true design elements in this award winning project,’’ alluded the Director.

The property will have a cigar lounge and business center that both add a touch of elegance to the development plus an in-house grab & go duka, 24 hour reception concierge service, fitness center, infinity pool, launderette room, a play pod that includes a children game room, a crèche and outdoor playground, a roof-top terrace and barbecue areas, high speed lifts and a club house.

He adds that what sets purple haze apart is that their designs emulate international standards with world-class landscaping that is unmatchable. “Most developments do not incorporate enough landscaping and greenery, thus we have gone up to 40% on landscaping.”

All our apartments are fitted with European products; Kitchens and tiles are from Italy, Bathrooms are from Spain, Oven, microwave, gas and electric hobs, Tafwares and WC from Germany including Solar heating and LED lighting in all apartments.

He notes that there are 216 units in total comprising of 12 penthouses with 3 bedroom duplex units with a starting price of Kshs. 70 million and the 4 bedroom duplex units with a starting price of Kshs. 78 million with all additional servants quarters attached.

”We also have 104 units comprising of 2 bedrooms with the starting price of Kshs. 23 million and 100 units comprising of 3 bedrooms with a starting price of Kshs. 27 million,”added Mr. Varsani.

He alludes that there is a payment plan for buyers and it will be 20% deposit and 80% on handover, a 10% discount for cash buyers and a  mortgage facility by Commercial Bank of Africa(CBA) of up to 105%.

The Director says that the rentals for the 2 bedrooms apartments will be kshs. 125,000, for the 3 bedrooms will be Kshs. 175,000 while for the penthouses will be Kshs. 500,000.

The completion date of the project is September, 2019 and the target market will be Upper middle class buyers looking to buy to live or as an investment. According to Mr. Varsani, the development attracts  buyers who appreciate the finer things in life and looking to upgrade to a lifestyle home.

It is also ideal for buyers looking for convenience and accessibility due to the location, Ideal for Corporates and Embassies looking for residences for their employees due to safety and  proximity to the Statehouse.”

The expected yields are 8 to 11% of the value, which is a fantastic return on investment.

Related posts

Leave a Comment