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Lucy Njambi: Self-made lady who built fortune in property management

She urged Kenyans to carefully research market trends, regulations, and risks before investing

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by AMOS NJAU

News22 February 2023 - 17:27

In Summary


  • The government can enhance the regulatory framework for the real estate sector, including the creation of new laws and strengthening existing ones.
  • This can involve measures such as creating a comprehensive database of all properties, requiring property developers and real estate agents to be licensed, and imposing stricter penalties for non-compliance.
Ms.Lucy Njambi,CEO and founder of Great Mwanzo properties and valuers during a recent interview with the Star Newspaper

Lucy Njambi is the CEO of Great Mwanzo properties management company domiciled in Runda, Thika and Kamakis along the Eastern Bypass.

She had a sit down with this writer during which wide range of issues were deliberated.

Here is how it panned out:

 

Can you tell us about Great Mwanzo Properties and Management Valuers Ltd?

We are a real estate company that specializes in property valuation, and property management. Our mission is to provide top-quality services to our clients, and we strive to be the leading real estate service provider in our market.

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What should government do to control the real estate sector and wipe out cartels?

The government can enhance the regulatory framework for the real estate sector, including the creation of new laws and strengthening existing ones.

This can involve measures such as creating a comprehensive database of all properties, requiring property developers and real estate agents to be licensed, and imposing stricter penalties for non-compliance.

The government can strengthen the enforcement of existing regulations and laws by investing in resources such as specialized police units and other agencies that can investigate and prosecute cases of fraud and corruption. This can send a strong signal to cartels that they will face serious consequences for their actions.

What are your short-term and long-term goals for Great Mwanzo Properties and Management Valuers Ltd?

Our short-term goals are to expand our market share and increase our revenue by growing our client base and expanding our service offerings.

We also aim to improve our internal processes and streamline our operations to improve efficiency and reduce costs.

In the long term, our goal is to become the leading real estate service provider in the region, expanding our services to new markets and achieving sustained growth and profitability.

How do you differentiate your company from its competitors and what is the current market trend?

The real estate market in Kenya is very dynamic despite the numerous challenges the sector has been facing and we are optimistic that the government will pass adequate bills to protect the sector, especially the rogue players who are stealing investors' money.

We differentiate ourselves through our commitment to providing top-quality service to our clients. We strive to build strong, lasting relationships with our clients, and we work hard to understand their unique needs and preferences.

We also differentiate ourselves through our experienced and highly skilled team of professionals, who are dedicated to providing exceptional service and expertise to our clients.

Our team includes licensed and certified professionals with deep expertise in property valuation, property management, and real estate sales.

How do you acquire new clients for Great Mwanzo Properties and Management Valuers Ltd?

We acquire new clients through a variety of channels, including word-of-mouth referrals, digital marketing, and targeted outreach to potential clients. We also attend industry events and conferences, where we have the opportunity to network with potential clients and partners.

We prioritize building strong, lasting relationships with our clients and delivering exceptional service, as we believe that satisfied clients are the best advocates for our business.

What are the biggest challenges facing the real estate industry currently, and how is Great Mwanzo Properties and Management Valuers Ltd addressing these challenges?

At Great Mwanzo Properties and Management Valuers Ltd, we have adapted our operations to ensure the safety of our team and our clients, and we have invested in digital tools and technology to facilitate remote transactions and property viewings.

We are also focused on staying up-to-date with market trends and changes so that we can provide our clients with the most accurate and relevant information to help them make informed decisions about their real estate investments.


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