Firm targets middle-class in new housing development

A Real estate development firm, Victoria Crest Homes has committed to providing affordable housing that combines luxury, smart design and energy efficiency for Nigerians, particularly the middle-class segment of the market.

Chief Executive Officer of the firm, Dr Kennedy Okonkwo, made the pledge during the display of prototype housing for the Capital Gardens Estate located in Idera, Lagos.

Okonkwo said the firm has partnered with a mortgage company to increase access and make home ownership convenient. “If you’re unable to meet instalment payment plans, you can go to our mortgage partners, and request a loan through the Family Homes Fund, Nigerian Mortgage Refinance Company, National Housing Fund, or Ministry of Finance Incorporated. You can also use your pension savings to purchase property.”

Okonkwo, who doubles as the Managing Director of Nedcomoaks Group, said: “We will continue to put in place initiatives to make real estate accessible to Nigerians, both home and those abroad.”

The prototype unit showcased is a fully furnished three-bedroom semi-detached building with state-of-the-art facilities. Also speaking, a member of Nedcomoaks Group sales team, Chimeze Nwabugo, disclosed that the project started in November last year as a sample unit is now ready for people to view.

He said: “The unit allows customers and potential buyers to see what we offer. It is fully furnished and solar-powered, giving them a feel of the lifestyle and experience they’ll buy into.

“The estate is solar-powered. A significant part of our construction goal is to create a sustainable environment. We’re reducing reliance on diesel or petrol generators to lower carbon emissions.”

The firm plans to develop and deliver over 400 units in the first phase. “We’re offering land and houses, depending on buyers’ wants. The estate will feature an artificial lake, a football pitch, a lawn tennis court, a swimming pool, and a mini-golf course.

“We have already completed infrastructure like drainage systems and roads. Tree planting has also begun. We are focused on providing an experience that residents will enjoy”, says Nwabugo.