Leadership (Abuja)

Nigeria: Estate Developers Allay Fears Over Service Schemes

Lagos — A mid controversy trailing the authenticity of real estate development initiative at Mowe -Ofada axis of Ogun State, a handful of developers appear to be making appreciable strides.

In an apparent bid to counter allegations that they were making false claims on land and infrastructural development, the developers at the weekend insisted that work was steadily progressing on their estates, and beneficiaries had begun taking possession of their land and have commenced the development of their homes. They also disclosed that considerable progress had been made regarding the acquisition of land title documents.

LEADERSHIP investigations last week revealed that out of the about 300 schemes springing up in the axis, considerable work is actually ongoing in estates like Sherry View Garden, being developed by City Planners Property & Investment Limited, Masters Golden City, by Sim Properties Limited, Palms Garden/Mainland Gardens, by Propertymart Real Estate Investment Limited, and Cornerstone Housing Scheme, owned by Cornerstone Construction Company Limited.

While City Planners Limited have applied for a Certificate of Occupancy (C-of-O) and a published application, Propertymart has obtained a global C-of-O and approved layout plan from the State government.

Officials of City Planners, who have an approved layout plan for Sherry View, have initiated discussions with a project partner for the use of solar roofing sheet as alternative power system in the estate. Similarly, back up power generators will be provided for interested residents at an agreed amount, and managed by the estate association.

Masters Golden City at Ofada, is currently at the fourth phase, and a special offer that enables installmental payment within 10 months ended last July.

Shedding some light on Palms Garden Estate, Mr. Adeyinka Adesope of Propertymart disclosed that infrastructural works on drainage channels and roads had commenced. He added that fencing of the estate that started last year was in progress.


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