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Royal Residence Estate subscribers get allocation

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Chairman, Obika Realtors Ltd, Chief Paul Obi (left); his wife, Mrs Maryann Obi and Managing Director of the company, Mrs Ekamma Ufot at the second physical allocation and presentation of title documents to allottees of Royal Residence Estate in Eluju ,Ibeju – Lekki LGA ,Lagos.

Promoters of a private residential estate the Lekki – Epe corridor – Royal Residence Estate have assured subscribers of good returns on their investment with appreciable returns within the next 24 months.

The senior officials of the Obika Realtors Limited made the pledge while carrying out the second physical allocation exercise to some of the allottees of the estate at the site in Eluju town, Ibeju – Lekki Local government in Lagos.

The company is also offering the middle class desiring to own property at an affordable rate opportunity of becoming beneficiary of the real estate stride in a fast growing area like Ibeju –Lekki housing.

The Managing Director of Obika Realtors Limited, Mrs. Ekamma Ufot said the occasion has afforded the developers an avenue to showcase the infrastructure being put in place to provide a conducive living environment for the subscribers, a few months after the estate was launched.

Mrs. Ufot explained that part of the facilities already provided in the gated community are the inner roads into the well mapped out plots, perimeter fencing of the 10 acre land, grading of the main link road to the estate from the Lekki – Epe expressway, magnificent gate house, site office to provide ancillary services to allottees in the process of their property development.

She described the estate whose first development covers 54 plots with over 80per cent already subscribed for, as that, whose level of appreciation would be very rapid, in view of its excellent location and the peculiarity of being free from any interference from local inhabitants of the area popularly referred to as Omoniles. The MD noted that the locals have even been of good assistance to them all through their ongoing operations on site and even to some allottees who had indicated interest in commencing development on their plots .

According to her, security of lives and property in the course of the development is of utmost priority to the company as there are plans for 24/7 security cover in the estate as part of the services to allottees of the scheme.

Mrs. Ufot informed the subscribers on the good neighbours of the estate including the Lekki Free Trade Zone, Dangote Refinery, Lekki Deep Sea Port and New International Airport among others stressing that it offers close proximity to great development and remarkable investment opportunity targeted at catering for the anticipated influx of both foreign and local investors.

Reflecting on the past few months when the estate was launched, she expressed optimism about the project, stressing that the company is on the verge of embarking on the second phase of the scheme. “we are upbeat on the project and assurances of keen interest in the scheme is spurring us to move to the next phase “.She said all the organization has been doing is in line with its goal of transforming dreams to reality for all prospective landed property owners within the ambit of all government regulations.

One of the prospective subscribers, Pastor Emmanuel Okonkwo expressed delight on the rate of development of the infrastructures promised by the company few months ago when the project was launched and commended them on the process and plans put in place to actualize the vision of the estate.

He opined, “It is easy to get Nigerians, especially middle class, dreaming of a decent environment to live in a fast growing area like Ibeju – Lekki with a well secured neighborhood and very enlightened community”.

Mr. David Adefalu, one of the subscribers, who came to pick the documents along with his wife said, “with what is on ground at the estate the property developer has provided veritable avenue for prospective property owner along the corridor to access the land for development”.He noted that the estate firm has shown consistency and commitment to providing avenues for a hitch free landed property ownership by subscribers stressing that the processes have not only been smooth but also transparent.

Scores of people who thronged into the site, including those who had made effective demand to be part of the scheme left very satisfied on the level of infrastructures already in place in the estate with an affirmation that “it is now easier for Nigerians to get landed property here“


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