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Lagos-based property development firm, Noble Grounds Limited has urged governments to develop policies that can mitigate rising inflation in the housing sector.
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The firm also pledged to bridge the existing deficit by providing affordable homes and introducing a flexible payment plan in its new estate in Lagos. Expected facilities in the estate include paved roads, underground stormwater drainage, electrification and perimeter fencing. It also promises serviced plots, and secure and enriching community experiences.
The Managing Director, Noble Grounds, Mr Olajide Dosunmu, appealed at the unveiling of Pleasant Hills Estate in Ogun State. The estate was envisioned to host approximately 500 homes and consists of residential, commercial, public, and recreational spaces.
Olajide said inflation is a major factor responsible for the high prices of homes, and advised the Federal Government to incentivise producers of essential building materials like cement and reinforcement to produce at reduced cost and sell at lower prices to Nigerians.
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According to him, the authorities must ensure that people have easy access to titles on their property, engage in vertical developments and increase the provision of affordable homes to cater for an increased number of people migrating to urban centres.
The project will offer flexible payment terms for those who prefer to pay over a period. “We offer easy homeownership in collaboration with Gateway Mortgage Bank. Our relationship offers tailored mortgage solutions, ensuring flexibility and convenience,” Dosunmu said.
Also speaking, one of the partners, Mrs Shola Adio-Moses, urged Nigerians to take advantage of the opportunity as the firm is reputed for standard construction.
Adio-Moses, who is a banker, noted that since the project is covered by all the necessary documentation, it would be easier for prospective subscribers to own a home through a mortgage.
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