PropertyMart Real Estate Investment Ltd has introduced a scheme to make prospective subscribers to its Fairmont residential scheme take ownership of their plots upon the payment of 30 per cent deposit.
The plan allows subscribers to spread the balance of payments across six months after the initial deposit.
The firm described the scheme as the first of its kind in the country’s real estate sector.
The Fairmont serviced plots are located in Arepo in Ogun State and Lekki-Ajah and Alagbado in Lagos State.
Managing Director Deji Fasunwon explained that the objective of the scheme was to create luxury private communities in fast-growing locations where quality is upheld.
He said: “It is a perfect blend of urban and country living. We have deliberately created a low entry opportunity of 30 per cent down payment on outright purchase on each of The Fairmont locations.
Read Also: Propertymart unveils Fairmont Lekki land scheme
“It is also an opportunity for first-time home owners to have a place in a secure, beautiful living environment to call their own. Opportunity to own plots is also available for those who want longer payment plan.
“What is more, there is an ease of transfer of ownership while a global certificate of occupancy covers the plots at the three locations.”
Investors in the Alagbado scheme can start their way to owning plots of land with as low as N1.1 million, which represents the initial 30 per cent deposit for a plot of land and get physical allocation.
While Fairmont Arepo is in the developed and habited upscale Citiview Estate also owned by Propertymart, Fairmont Alagbado and Ajah are in their development phases with infrastructural work currently ongoing.
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