By JAMES KARIUKI More by this AuthorWith eight years’ experience delivering homes, nothing prepared Mahiga Homes chief executive Patrick Muchoki for the Covid-19 era that depressed incomes, hurting future real estate prospects. The Covid-19 period, he says, has seen input prices rise with essential construction materials becoming scarce, creating a new challenge for future developments. He adds that the Covid-19 period has also seen them restructure timelines for select units where owners were experiencing challenges, leading to new agreements. CONSTRUCTION PERIODThis, he said, followed consensus between Mahiga and some of their customers that led to lengthening of the construction period. Inputs for their developments, especially stones, are sourced from own quarries while the firm also employs own builders, thereby helping them ease operational costs.

Source: Daily Nation June 15, 2020 14:03 UTC