Firm introduces reserve slot system in new housing project

As property developers face hard times due to inflation in the country, Messrs Lifecard International is turning the tide and changing the narrative in favour of the investors by introducing a reserve slot system.

The system is solving the problem of traditional off-plan property purchase and paves the way for a new era of homeownership, as well as investment opportunities through a book and pay on delivery process.

Under the visionary leadership of its founder, Grace Ofure Ibhakhomu, the firm is embarking on a groundbreaking initiative – a 1,000-unit housing project, which will address these challenges, recognises the importance of supporting the dreams and aspirations of investors and millennial generation in property purchase.

The firm admitted, “off-plan property purchases have reduced drastically, though it is the best purchase strategy for investors. The system intends to create a lasting impact on the real estate landscape and a beacon of progress, as well as empowerment in the housing sector.

“From questionnaires randomly collected from property investors and buyers, it shows that investors are skeptical about off-plan purchase due to delays in construction, abandoned projects, changes in property specifications, unforeseen market fluctuations, lack of transparency and integrity from real estate developers among the common pitfalls.

“These uncertainties associated with these investments have made many millennials and investors have reservations in taking the leap towards purchase of off-plan properties.

“It provides buyers with tangible evidence of the products they are investing in and minimises the risk of unexpected surprises.”

According to Ibhakhomu, the transparent and open communication channels maintained by the company are geared towards instilling confidence in investors, knowing that their interests are prioritised, and they are duly updated throughout the entire process.

With this system, she said a more diverse pool of individuals can partake in property investment, thereby creating wealth and homeownership to a wider audience.