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Homework plans affordable mini-estates in Ajah, Yaba


A lagos-based real estate company, Homework Development and Properties Limited, has announced plans to build affordable mini estates in Ajah and Yaba, which will feature innovative architectural designs.

Director of Homework Development and Properties Limited, Mr. Jide Adekola, who spoke to The Guardian on the side line of the two-day West Africa Property Investment (WAPI) summit in Lagos, said the solution comes in one, two and three bedroom apartments.

Adekola, whose firm participated at the summit commended the company for its commitment to quality and standard, stressing that the projects are driven by the passion to offer affordable quality homes to Nigerians.

According to him, although, the company has affordable projects in highbrow areas such as Banana Island and Lekki, it is now focusing at replicating its luxurious and quality products in other places like Ajah, Yaba and other parts of the mainland. Homework, he said, intended to deliver on the projects within a short period and that the affordable mini estates would be spread across the country.

“There is a new demand for these apartments and there are people that need them for investment and related purposes since they are affordable.”Towards this end, the company would negotiate with suppliers and manufacturers of building equipments to see how they could sell their products at discounted rates in line with the focus of the WAPI summit.

He commended organisers of the summit, saying it has helped vendors and other developers to network with the right partners, financiers, and marketers on available and intended projects.Adekola explained that the company 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 and at Lekki Phase I with Dunvale Terraces.

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

To make its products unique, the firm 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, the company 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,” Adekola added.

According to him, the quality of their products speaks for itself and this prompted the accolades received from visitors, subscribers and real estate stakeholders at the summit.

Commenting on Homework’s projects, 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.

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