Developer kicks off housing scheme in Delta
In a novel move to increase the housing stock, a property developer, Pentland Realties Limited (PRL), has announced plans to jump-start its affordable residential development situated in Azagba- Ogwashi, within Asaba Territorial district, Aniocha North council of Delta State.
Known as Felicity Park- Asaba, the project would commence by the second quarter of 2023 and executed in phases. The promoter claim that it has engaged world class architects, structural engineers and builders, project management consultants, estate and quantity surveyors as project team.
The company’s Chief Executive Officer, Emeka Eboagwu, who spoke to journalists in Asaba on the PRL activities, said the 21.13 hectare green- field land is a four minutes drive from Asaba International Airport.
Eboagwu explained that PRL would provide best in class real estate investment to the citizenry in the east of the Niger, and also site and services scheme.
He disclosed that the residential layout is estimated to harbour 267- 300 housing units, catering for varying residential styles and a mix of land sale and property sale, including investment in infrastructure through strategic partnership with other home and construction partners.
He said: “With a family-styled oriented scenery, from greenery to children parks and club house for all sports activities (lawn tennis and an Astroturf).
“Felicity Park has also created a commercial buffer partitioned out of the estate to allow for commercial activities such as schools, health centres and mall.
“This development is encapsulated in a spectacular architectural design combining environmental and functional element to ensure occupier satisfaction, resource management and climate change alignment.”
On target market, Eboagwu said the company would start with a sale of plots for 20 per cent of the initial land allotment (50-60 plots) to allow for the initial funds for infrastructure development and key components of the scheme.
He said: “Target market will be upwardly career mobile citizenry and diaspora looking for a world class estate and a secured living experience within the Asaba area.”