Excellence Estate promoter offers investors N1m payback deal on construction

Prospective investors in Excellence Estate, a new low-density community developing in Arepo, Ogun State, have been offered a N1 million payback deal by the developer and promoter of the estate.

Inclusive Concrete & Engineering Limited, the developer of the estate, explains that the deal which will materialize during the construction work on the estate which is projected to end in the next 36 months, is aimed to stimulate demand and increase uptake.

“This pay-back value is an incentive given to our buyers. This is in form of discounted amount that will be given to them during construction of the buildings. These will include but not limited to expert services, and cement that will be provided to them at discounted rate”, explains Misbau Opeyemi Aminu, Inclusive Concrete & Engineering’s managing director.

Sitting on 20 acres of land in close proximity to the Journalists Village along Lagos-Ibadan Expressway, about 15 minutes drive from Alausa in Ikeja, Lagos, Excellence Estate promises to deliver high quality homes complete with lush green areas that will replicate the ambience of Ikoyi also in Lagos.

Aminu disclosed that his company was beginning to add classy designs in their construction process to ensure faster uptake, adding, “our latest project to adopt such designs is Excellence Estate which is modeled on the low density ambience of Ikoyi ”.

He disclosed further that the company had worked with both private and public sectors including Zenith Bank, GTBank, Vitafoam, Lagos State government, and many more, assuring that they would bring their wealth of experience in various fields of construction to bear on the development of the estate.

“The company is out to do things right and also follow proper routine. These tenets have kept the company going for a long time. We are not developers but a construction company with integrity,” he said, noting that the success of their previous projects gave rise to Excellence Estate.

A combination of horticulture and aesthetics, comprising homes that are fully detached, semi- detached, terraces, and block of flats, Excellence Estate is  subdivided into two—the built-up area, which is about two- thirds of the land, and the site and serviced plots.

“The built-up area will be strictly regulated and fully designed. This property is sold either as a building or acquired land and is developed to stated regulations and design. The other one-third affords the buyer opportunity of coming up with personal designs”, he said.

He stated that the entire estate was service-driven and so, its pristine nature is not negotiable. “The horticulture, that is, the green areas, are also not negotiable; other facilities in the estate will include a shopping mall, church, mosque, school, hospital, corner shops and recreational facilities like parks.

Aminu said the company offers flexible mode of payment beginning with 30 percent paid upfront while the balance is spread over 18 months, pointing out that the buildings could be bought in stages as carcass, semi-completed or completed stages. The completed building is targeted at people in the Diaspora who are expected to buy and just move in.

The carcass stage of a 3-bedroom apartment goes for N9 million; semi-completed of same size goes for N12 million while a completed apartment goes for N16 million. The detached comes with two BQs and sells for N24 million at carcass stage; N34 million at semi-completed,and N45 million for the completed.

Others include the semi-detached with a BQ at N17 million carcass stage; N23 million for the semi completed; while the completed building goes for N31million. The terraces also come with BQs at N12 million for the carcass stage; N14 million for semi completed, and N17 million for the completed.