EFFICIENCY

Real estate sector welcomes increased digitisation funding

Sh2.6 billion was allocated for the settlement of the landless.

In Summary

•National Treasury Cabinet Secretary Prof. Njuguna Ndung’u proposed an allocation of Sh1.2 billion for the Processing and Registration of Title deeds.

•The real estate sector players pointed out that most people buy land but they don’t get their titles as quickly as possible

Land records at the Kiambu land registry
Records Land records at the Kiambu land registry
Image: STANLEY NJENGA

Real estate dealers have welcomed a recent move by the government to allocate Sh755 million for the digitisation of land registries, saying this will end endemic corruption which has rocked the Lands Ministry for many years.

The developers also said the move will also help them to issue titles on a timely basis.

The real estate sector players pointed out that most people buy land but they don’t get their titles as quickly as possible

"The move by the government to allocate more to help in digitising is so timely and will help sort a lot of problems that we have always been accused of,” said  the chief executive of Comfort Homes Hezekiah Kariuki.

Kariuki said the process will also assist in solving succession cases which have denied many families opportunities to develop their ancestral land.

“ Almost every family in Kenya, they have a succession problem. Land cases are the most difficult. With digitisation, somebody can now be able to track and know who the real owner is, “he said.

CEO Casuarina realtors Patrick Kabui also said the move has come at a time when many people have lost their hard-earned money after they were defrauded by brokers, who have dominated land registries over the years.

Speaking while presenting the 2023/24 budget at the National Assembly, National Treasury Cabinet Secretary Prof. Njuguna Ndung’u proposed an allocation of Sh1.2 billion for the processing and registration of title deeds.

Another Sh2.6 billion for the settlement of the landless as well as Sh755 million for the digitisation of land Registries and Sh138.3 million for the construction of land registries.

WATCH: The latest videos from the Star