Despite the high cost of building materials like sand, cement, blocks, and other economic challenges, a real estate developer, Landwey Investment Limited, has concluded plans to deliver 2,000 homes to Nigerians in 36 months, despite the ever-increasing cost of building materials.
According to the firm, the promise came about because of the jump in the influx of people into Lagos for residential, commercial, and tourist purposes.
Following reports from the Federal Mortgage Bank, Nigeria is plagued with a deficit of about 28 million housing units leaving many in dire need of a home.
Against this backdrop, LandWey promised to play a significant role in mitigating the housing deficit by developing contemporary estates.
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It would be recalled that one of LandWey’s thriving projects, Urban Prime, an award-winning estate launched three years ago, has delivered over 1000 homes to its customers across the country and beyond.
On the new development at the homes handover ceremony, the Managing Director, LandWey, Adeshola Bello, said “The three-year-old Urban prime project amongst other ongoing projects has been working tirelessly despite the hike in the price of construction materials, inflation, the volume of materials needed and other factors.”
She stressed that “LandWey is on a mission and will stop at nothing to ensure our clients get the best value for their money while we also pay detailed attention to the building process from start to finish.”
Urban Prime which was recently awarded by African property as a residential development in Nigeria sits on over 40 hectares of land with different building prototypes from apartments to semi-detached villas.
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