Tag: Estate

  • Lagos completes housing estate’s first phase

    The first phase of the 11-storey Isale Gangan residential scheme in Lagos Island began four years ago has been completed.

    Governor Babatunde Fashola, who visited the site, said the project’s completion was a relief because of fear of structural instability raised by some people.

    The building was piled to secure the structural stability of the houses, because of the terrain. About 200 piles have been sunk – some of them as deep as 27 metres. The 54-flat housing project is meant to renew the historic Isale-Gangan in the central part of Lagos Island.

    The houses, being constructed by Anatolia International Limited, would have 36 two-bedroom flats and 18 three-bedroom flats. They are designed to incorporate two floors for parking; two lifts; staircases and escape staircases among other features.

    The governor, accompanied by the Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat, and other members of his cabinet was conducted round the project by the Managing Director of the construction company, Mr Chahid Raffoul.

    Fashola praised “the construction competence” of the contractor.

    He said: “You can see the type of construction, the type of piling, over 200 piles already here and more to come. There are piles that have gone as deep as 27 metres here and you can see the width and diameter, so you can see this is a building that cannot collapse.”

    He assured that his administration would not be deterred by the challenges ahead in its drive to deliver the project.

    “There are challenges ahead before the project is completed, no doubt, but the important thing is that it has moved from a dream to a plan and from a plan to reality. The race to the finish it is quite challenging, but we are not looking back. And as we work pile after pile, track after track, beam of steel after beam of steel, you can be sure we will deliver the project,” he assured.

    The Governor said the area has suffered buildings’ collapse in the past. This according to him, created an opportunity for his administration to renew the area and put solid residential structures in place.

    Some of the developments in the area in the past, he said, were done during the “developers’ era,” when foundations came up in the night and five years later the building would collapse.

    He said the place would be a residential home for all of the families who own small pieces of land in the vicinity. “Each of them now has an apartment here instead of the small piece that cannot contain a house. We have helped them to merge into this very big space so their lands are now in the vertical space,” he said.

    “We have relocated them to Ipaja so that after the completion of this project those who want to return can do so, but those who do not want to return can let theirs out. But each family that owns land here has already been resettled. These are some of the resettlement schemes that we do that we do not make too much noise about; but the beneficiaries know it and they understand it.”

  • FMBN to deliver N1.86bn housing estate in May

    FMBN to deliver N1.86bn housing estate in May

    …Why social housing is delayed— Amma Pepple

     

    The Federal Mortgage Bank of Nigeria (FMBN) is set to unveil 700 units of houses in Abuja in May, it was learnt over the weekend.

    The Managing Director of FMBN, Gimba Ya’u Kumo, spoke in Abuja said the houses were being built at a cost of N1.860billion.

    Kumo said the estate popularly called Brick City along the Abuja-Kubwa Expressway was built in collaboration with Urban Shelter Limited.

    The FMBN boss said the estate was 80 per cent complete.

    Kumo said: “This is one of the few projects that we are partnering with private developers.

    “If you take the history of urban development, they are high end developers in this town but when we came in 2010 we asked them for a partnership and we are putting in like N1.860billion to deliver 700 units of housing here.

    “This place is less than one year when we started. So this is part of the efforts we are putting in place to deliver houses for Nigerians. The level of completion is lost 80per cent.”

    The Minister of Lands, Housing and Urban Development, Mrs Amma Pepple, inspected the project and described the quality of work as good.

    Pepple said the government hopes to increase the houses to 1000 units.

    She said the project was 100 per cent financed by the FMBN.

    Pepple said: “The quality of the work is good and the number, already so many, are taken up and we are hoping to have over 1000 units here because we want to provide accommodation for our people.

    “Those who bought the first phase were lucky. They were quite cheap. I think having a two-bedroom flat for N5million and then three-bedroom N7million I think is reasonable in an environment like this. We are the ones who funded it 100 per cent.”

    The Minister said social housing will only become reality in the country if the Social Housing Bill pending before the National Assembly is passed into law.

    Responding to a question, Pepple said: “I don’t have a social housing project. There is draft Social Housing Bill in the National Assembly which is sponsored by a Senator.

    “If you say you are doing Social Housing, it means government must subsidise the building of those houses and you give to those who are in need at a lower cost.

    “So the bill has not been passed. When it is passed then we will know where the money is going to come from to finance those houses. As long as the bill is not passed we are not doing social housing but we are also looking at other areas of financing since housing must be driven by the private sector.

    “When we had the presidential retreat on housing in November last year we talked about everything stifling financing and mortgaging. We talked about other areas maybe using pension funds and unclaimed dividends and the President was interested in those things.

    “The issue of where else we can get money to finance the housing sector because we know that there will always be off-takers for those houses but what we need to do to satisfy a majority of our people is to ensure that the houses are affordable to all the groups.

    “We are taking care of everybody. But in this country people tend to say what have you done? We have done a lot. If you go round you will see that a lot of projects are coming up.”

    Chairman of Urban Shelter Limited, Alhaji Ibrahim Aliyu, said there was more to do for the society in terms of housing.

    Aliyu said: “There is much to do for society, I think whoever can make the contribution to move this country forward should and therefore one should make his contributions.

    “I am a retired person and not tired one and I believe I can make a contribution. I therefore decided to found this company since I left the service.

    “On the whole we have done well. Maybe about 4000 houses in Abuja from about 1992 to the present we have built. We build houses with a value from N5million to about slightly over a $1million. One bedroom will come to slightly over N5million. Two bedrooms range from about N8million to N11million and then the three bedrooms range from about N14million – N15million.

    “But in phase three, we coming up with houses which will be as good as these but because of improved technology and possibilities regarding the elimination of unnecessary structures we are able to reduce the unit cost without sacrificing the quality and the size of the building.

    “And we believe that the price will be more competitive even than is one. It is not often that that happens but we think that we can do it.”

     

  • Lagos builds three housing estates

    The effort of the Lagos State Government to provide decent housing for its teeming population is yielding fruits as three new projects will be handed over to subscribers soon.
    They are a block of luxury flats at Parkview Ikoyi, Maisonette duplex at Ikeja and Gbagada Housing schemes, expressed satisfaction with the rate of completion of the luxury flats at Parkview, Ikoyi.
    He praised the contractors for a job well done and for striving to deliver within the time frame.
    The six units of three-bedroom flats sit on 2,100 square metres in the highbrow area. Its facilities include swimming pool, lawn tennis court, adequate parking space, water treatment plant and others.
    Gbagada has 11 blocks of 88 units of three and four-bedroom maisonettes on a 3.262 hectares of land.
    Ikeja has 76 units of four-bedroom maisonettes in the GRA. The estate has the accompaniment of paved roads with parking lots; mini-water works and independent power supply.
    Jeje expressed satisfaction at the pace of work done and promised that the project will be delivered as at when due.