Megamound introduces County Apartments in Lekki

Lagos-based real estate development firm and promoters of Lekky County Homes Estate, Megamound Investment Limited has broadened the range of options available in the scheme with the introduction of luxurious three bedroom apartments to the on-going project.

Managing director of the firm, Olumide Osunsina, said last week that the County Apartments are designed exclusively for those who desire a truly unique social environment. “Each apartment incorporates a distinctive design with modern innovation to create homes with unique settings of spacious three bedroom with baths, visitor’s toilet, font and back side balcony, fully equipped kitchen and car park.”

Each apartment goes for N24.9 million with a down payment of 30 per cent. The firm has also team up with Keystone Bank and Standard Chartered Bank to provide a three-year mortgage plan to subscribers on a three and half per cent interest rate.

According to Osunsina, what the market needs with the economic situation in the country is homes that are not expensive, but affordable.

The Megamound chief executive listed difficulty in getting properly structured land titles, lack of skilled manpower, high cost of building materials and problem of logistics among the major challenges confronting developers in the provision of affordable housing in the country.

The Lekky County Homes scheme, comprises a population of 1, 200 households.

Mr. Osunsina said the estate is also provided with facilities such as recreational parks, club house, shopping mall, nursery and primary schools, a clinic and pharmacy as well as fast food outlets. He pointed out that the County Apartments would be delivered to their owners between 18-24 months.

Osunsina assured that the houses would not be below standard, adding that competent construction professionals and local contractors would be engaged to handle the work. Estate infrastructure includes roads, drainage, walkways, transformers, street lighting, telecommunication, gardening and landscape, borehole and water treatment plants.