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Sh12 billion joint venture to develop affordable and middle-income housing in Africa

Real Estate
Three-bedroom houses. [Photo: File]

NAIROBI, KENYA: Actis, a leading growth markets investor and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates, are set to launch a new real estate joint-venture platform to meet the demand for affordable and middle-income housing in the sub-Saharan African region, starting with Kenya. 

The residential development platform has been established to capitalize on the demand for quality homes at affordable and competitive price points.

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