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New affordable housing begins in OPIC Makun City


With a pack of residential projects nearing completion at two sites on the Lagos- Ibadan expressway, a harvest of affordable homes are being floated onto the property market, courtesy Propertymart Real Estate Investment Limited.

Under the scheme, prospective subscribers have the opportunity to buy their choice homes as low as N4.899 for a bungalow with an option of completing it to their taste.

Located near the OPIC Makun City scheme on Lagos – Ibadan Expressway, the Cranbel Court sits on about 3,700 square metres of land (10 hectares) on a serene haven and in the warm embrace of nature about five minutes drive away from the Redemption Camp.


The scheme offers an off-plan sales with 200 units of two bedroom semi-detached contemporary designed bungalows interspaced with other house types like the apartments, terraces and semi-detached duplexes.

The Guardian learnt that prospective subscribers will provide their roofs, exterior plastering, exterior plastering, external painting (first coat), house separation fence, perimeter fence, external works, windows doors, burglary proof interior plastering, wiring , bathroom and kitchen wares, conduit, taps , electricity bulbs as well as provide boreholes and septic tank for themselves.

After the initial purchase price, prospective buyers are expected to pay five per cent of the purchase price as legal fee, N210,000 as survey fee, N1.2 mllion as developmental levy payable alongside purchase price of unit, while house delivery for outright purchase is put on four months and six months from date of final payment for installment purchase.

The Cranbel Apartment is a distinctive blend of aesthetics and functional architectural spaces, with each unit is apportioned with 2 en-suite bedrooms, living room, guest convenience, balcony, kitchen and pantry.  

The estate also came with alluring features like its accessibility given the ongoing expansion of the expressway into eight-lane highway proposed to be completed in 2017.

With a flexible payment plan spread across 36 months, prospective home owners have the option to pay outright special price of N4.898, 999.00 million or N5.06 million spread in six months, N5.23 million spread in 18 months , N5.5milion spread in 24 months and N5.9 million spread in 36 months .

According to sources, the Jewel Bungalows at Cranbel estate are semi-detached single-floor houses, which comprises sitting room, dinning area, Kitchen, Guest toilet Bedroom 1 and 2 both en-suite, making it perfect for anyone.

Each home is also ideally positioned to enjoy its one parking spots. Visit to the site further revealed massive construction with the developers promising to deliver 20 units of the affordable and exquisite homes out the expected 200 units of bungalows.

The estate also have five house categories, which are four bedroom (fully detached), three -bedroom (semi detached), three bedroom (fully detached) bungalow and two bedrooms (semi detached) bungalow respectively with each having a tucked in boy’s quarter .Sources said, demand has exceeded available houses in the neighbourhood thus recording an increase in value of houses and rental income above 100 per cent within a year.

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OPIC Makun City
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