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Collapse of Banda Homes leaves off-plan investors in financial ruin

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Homes under construction at Oak Park Estate, Kenyatta Road, Gatundu South, by Banda Homes. [File, Standard]

Hundreds of Kenyan homebuyers are staring at huge losses after real estate developer Banda Homes Ltd officially entered liquidation.

This marks a dramatic collapse of a firm that once promised affordable housing but left investors with undelivered homes and lost savings in the millions of shillings.

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