A Kenyan startup is targeting to automate your house by allowing you to switch on the lights, set temperatures, let the neighbor in to feed the dogs as you are still at work and draw your curtains remotely via your mobile phone.
Founder Steven Ngosia says there is actually zero competition in the country which is a major advantage for him and his team of engineers.
The company which also enables one to view the videos from the CCTV cameras of his house is also looking for investors to solidify its presence in the market as high end developments rise in Nairobi at a fast pace.
Kenya’s real estate capital investment has been largely concentrated in upmarket areas and activities remain intense in both residential and commercial space providing a market for the startup started last year.
Property managers Knight Frank said in its latest report that Kenya is on the radar of high net worth individuals seeking to buy a home abroad for holiday.
“Many developers find it difficult to understand the need for fully integrated products despite the fact that there are residential properties selling at US$1 million and commercial properties with five star ratings but not much value addition,” Ngosia told Disrupt Africa.
Foreign direct investments and foreign expatriates continue to flock into the country providing the much needed capital to for various industries such as real estate.