With over Ksh 100 billion annual turnover, Kenya's real estate market is the largest in East Africa. However, recent cases of fraud have exposed the shortcomings of the current regulatory regime, prompting the need for stricter regulations. My bill's objective is to foster the growth of an efficient and competitive real estate sector by safeguarding the interests of all stakeholders, including allottees, developers, agents, and brokers. The proposed legislation also aims to establish a single window system for time-bound project approvals, ensuring timely completion.Stay tuned for updates on this significant step toward regulating the real estate sector in Kenya! 🌟
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