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Firm plans to spread affordable luxury homes



Homework Development and Properties Limited, has stated that it will replicate its luxurious and quality products in places like Ajah, Yaba and other parts of the mainland of Lagos, together with its affordable projects in highbrow areas such as Banana Island and Lekki.

Director of the Company, Mr. Jide Adekola, said the firm intended to deliver the projects within a short period stressing that it has shown a strong commitment in resolving the housing deficit in Nigeria through affordable mini estates of one, two and three bedroom apartments.

According to him, the mini estates, which will feature innovative architectural designs, will be spread across the country, as there is a new demand for such affordable investment.


Adekola affirmed that the projects are driven by the passion to offer affordable quality homes to Nigerians.
Towards this end, the company would negotiate with suppliers and manufacturers of building equipment to see how they could sell their products at discounted rates.

He explained that Homework has made remarkable progress in resolving housing deficit through its products located at Banana Island, where it has a small-gated community of terraces and semi-detached duplexes as well as those at Lekki Phase I.

Other projects include Rowland’s Court, which consist; maisonettes at Elegushi in Lekki; Dunvale Court, an estate of 3 bed and 4 bed terraces  as well as units of one and two bedroom apartments, both situated along Orchid Hotel, Lekki, Lagos.

To make its products unique, Homework embarks on regular training for its team of architects and engineers in line with modern trends. This has given the company an edge in the market.

It also makes use of up-to-date building technology to tackle the challenge of communication in addition to providing identification and security with close circuit television surveillance solutions in its estates. “We also took into consideration space optimisation, comfort, child-friendly environment and recreation while developing our projects” Adekola revealed.

Following the success recorded so far, Homework intends to explore opportunities in other West African countries with products within the reach of the people. “Most people in Africa are looking for low cost houses and because we have done it in Lagos, we will do same in countries in the sub-region,” he added.

Attesting to the quality of Homework’s products, the Senior Manager, Real Estate Finance (West Africa) at Stanbic IBTC, Tola Akinhanmi, said the firm has surpassed its competitors within its short entrant in the industry. He stated that the architectural skills deployed in its projects shows it has the workforce to offer what it promises.

Also Head of Sales at Aframero, Ireti Kodaolu, said Homework’s products have good designs and layouts, while Tinubu Adeniyi, a property marketer, affirmed that its products are good enough to attract subscribers as well as investors.

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