Real Estate Developer, Propertymart real Estate Investment Limited says its new estate; Grenadines Homes Lokogoma has been designed to cater for the housing needs of civil servants in the Federal Capital Territory (FCT), who are contributors to the National Housing Fund (NHF) and are entitled to accessing loans from the scheme.
Abuja branch head of the company, Mr. Adeyemei Adeniyi, who disclosed this, said the estate would feature five three-storey building blocks that would house 84 dwelling units of three-bedroom ensuite luxury flats. The blocks will provide generous space for parking.
According to him, the company planned to sell the three-bedroom ensuite luxury flats at N17.5 million, but was currently running an Independence Day promo from October 1 to November 15, which had pegged the asking price to N14.5 million.
He explained that to make payment flexible, the company had designed a payment plan in which interested buyers had to make a 10 per cent initial payment and spread the rest either within 18 months or 24 months.
Adeniyi stressed that the target clientele for the estate was NHF contributors, who could access a loan of about N15 million from the housing finance scheme, adding that Propertymart was in talks with an Abuja-based primary mortgage institution (PMI) to facilitate the mortgage financing of the houses to lucky beneficiaries.
He further stated that apart from the blocks of flats, Propertymart was also building for sale homes such as the four-bedroom terrace house, four-bedroom semi-detached duplex, both with boys quarters and five-bedroom fully detached duplexes.
“Some of the houses display penthouses with roof-top terraces for relaxation, loft-styled finish, personal car parking, glass curtain walling, Jacuzzi and unique colour finishing,” he added.
Grenadines Home Lokogoma sits on a five-hectare stretch of land, with about 2,000 square metres reserved for recreation facilities and open spaces.
The entire estate when completed will be equipped with facilities such as swimming pool, gym and lawn tennis court. The estate has close proximity with the popular Games Village and other adjourning estates. It is about 15 minutes’ drive to the Nnamdi Azikiwe International Airport and also 15 minutes’ drive from the Central Business District of Abuja.
Initiated through a partnership agreement between Propertymart and Omega Homes Limited, the “Grenadines Home Lokogoma” is targeting the middle and high income class.
On what informed the choice of Abuja for the estate, Adeniyi said: “We want to repeat the same feat we have recorded in the South-West over the on-going construction of ‘Grenadines Arepo,’ where the civil engineering infrastructure is being handled by the PW Group.
“Apart from desiring quality homes to be delivered at an affordable rate and on time, we want to stand out in the real estate market and raise the standard being set by developers on construction of housing projects in Abuja. The aim is also to advance the economy through real estate.”
According to him, Propertymart nurses an ambition to build more estates in Abuja upon the completion of Grenadines Homes Lokogoma. He added that other cities being targeted by Propertymart include some unexplored areas in Ogun State, Port Harcourt in Rivers State and Karu in Nassarawa State.
Besides Grenadines Home Lokogoma, Propertymart has also developed estates such as Grenadines Life Camp, Abuja; Grenadines Magodo GRA; Grenadines Home Arepo; and Mainland Gardens.