Subscribers into the Royal Residence Estate being developed by Messrs Obika Realtors Limited in the Lekki – Epe corridor have been assured of good returns on their investment over the next 24 months.
Similarly, the middle class willing to own properties at affordable rates could also be good beneficiaries of the real estate stride in a fast growing area such as Ibeju –Lekki housing, the largest development in the centre of excellence in recent times.
Obika Realtors Limited Managing Director, Mrs. Ekamma Ufot, made the remarks at the second allocation of land to subscribers, which held at Eluju town, Ibeju–Lekki Local Government Area of Lagos State.
Part of the facilities already inaugurated in the estate, Ufot explained, are the inner roads, perimeter fencing of the 10-acre land, grading of the main link road to the estate from the Lekki – Epe expressway, magnificent gate house, site office to provide ancillary services to allottees while developing their property.
She described the estate, whose first development covers 54 plots, 80 per cent of which is already subscribed to, as free from any interference from local inhabitants referred to as Omo onile.
According to her, security of lives and property in the course of the development is of utmost priority to the firm as there are plans for 24/7 security cover in the estate. Ufot also revealed that the properties within the estate will benefit from its nearness to the Lekki Free Trade Zone, Dangote Refinery, Lekki Deep Sea Port and New International Airport, among others.
These, she said, will offer remarkable investment opportunity for property owners within the estate. She expressed optimism on the project, stressing that the company is on the verge of embarking on the second phase of the scheme. “We are upbeat on the project and assurances of keen interest in the scheme are spurring us to move to the next phase,” she said.
One of the prospective subscribers, Emmanuel Okonkwo, a clergyman, expressed delight at the rate of development of the infrastructure promised by the company at the inception of the scheme. “It is easy to get Nigerians, especially middle class, dreaming of a decent environment to live in a fast growing area like Ibeju – Lekki with a well secured neighbourhood and very enlightened community,” he said.
Another subscriber, Mr. David Adefalu, said “with what is on ground at the estate the property developer has provided veritable avenue for prospective property owner along the corridor to access the land for development”.
He noted that the estate firm has shown consistency and commitment to providing avenues for a hitch-free landed property ownership by subscribers, stressing that the processes have not only been smooth, but transparent.
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