Tuesday, September 10, 2013

How Lekki Gardens widens affordable luxury homes frontiers

The apprehension by most young families and other members of the growing middle class to own affordable cozy homes in a serene and high brow neighborhood seems set to be relieved by GT Rich Realtors, developers of Lekki Gardens.

Currently existing in four phases, all on the Lekki Epe Expressway of Lagos, Lekki Gardens is poised for a giant stride by providing over 1,000 luxury apartments for home owners and savvy investors.
The first phase of the estate comprising predominantly three bedroom duplexes and apartments blocks has been fully delivered to over 200 families who are currently reaping the benefit of tapping into the off plan scheme of the estate which kicked off sometime last year.
These proud home owners currently enjoy all the facilities of an uptown estate such as well paved inter-locked road network, water treatment plants, street lights, underground electrical wiring, over-night power supply and other facilities.

The second phase of the estate which is about five minutes away from Victoria Garden City (VGC), is currently fully subscribed with construction in top gear to deliver over 400 housing units of predominantly three bedroom duplexes and other house-types in time for subscribers to inhabit in the next few months.
Tucked behind the Lagos Business School, the third phase of the estate which is a mini-estate compared to the second phase and it  is expected to house over 150 families in three bedroom duplexes.
BusinessDay visit to the site revealed that construction was in top gear to meet delivery date. Roads, drainages were eagerly constructed and the lush green area of the estate was already mapped out while most houses were almost on decking level.

Construction at the fourth phase of the estate which is also on the Lekki-Epe axis is in top gear to deliver  residential apartments in the next nine months. “At the site, perimeter fencing and other infrastructure are currently being  completed,  while a  1.2km access road to the site has just been delivered to allow easy access to the site, Azuka Ugboh, the company’s media director, revealed to our reporter.
“Our  success stories have however,  been threatened by some  challenges which are affecting early delivery of the estates”, Ugboh said.

One of the major challenges we face is the doubt that has clouded the real estate sector in recent times, as clients fear that developers might not deliver on their promise, especially when it has do with off-plan sales.
However, at GT Rich we have been able to allay those fears by delivering the first phase in our series of Lekki Gardens.

“Also with the second phase fully subscribed, it is obvious our clients have a great deal of trust on us and that further informed our decision to see them as our partners rather than just clients,” he added.
“There is also the difficulty of the terrain on some of our projects because of the swampy nature of the Lekki environment; however, we have been able to tackle this by employing strategies that have helped us to dredge the areas,” Ugboh said, disclosing that they  construct their houses with raft foundation at some of the challenging sites to guard against future environment challenges