As many Nigerians continue to grapple with the challenge of affordable housing, Chukwudum Muoneke, founder of Parkway Homes, has become a key figure in transforming the landscape of housing solutions in the country.

Muoneke’s vision, grounded in his background in economics and development planning, led him to establish Parkway Homes in 2014 with the mission of providing dignified and affordable housing to meet the needs of Nigeria’s burgeoning urban population.

His focus on creating housing options that cater to young professionals and first-time homebuyers has made a profound impact on the Nigerian real estate market, especially as this demographic is often priced out of traditional housing options in cities like Lagos and Abuja.

Muoneke’s commitment to addressing the housing deficit in Nigeria is evident in his pioneering approach to compact, high-quality housing solutions.

By designing and delivering competitively priced 1- and 2-bedroom apartments, as well as family-oriented townhouses, Parkway Homes quickly rose to prominence.

The company became a leader in the micro-housing niche, with its innovative solutions earning widespread recognition, including the prestigious Innovation Award for “Excellence in Housing Provision” at the AlphaCrux Real Estate Outlook Conference in Lagos in January 2021.

Under Muoneke’s leadership, Parkway Homes has successfully completed over five major development projects, with more than $3 million invested in housing solutions across Lagos and Abuja.

Notable projects such as Skywide Views in Abuja and the Ashton Series townhouses in Lekki, Lagos, reflect the company’s expertise in urban planning and design.

Muoneke’s strategic foresight has resulted in the swift sale of Parkway Homes’ units, which are typically 100 per cent sold within three months of completion, underscoring the demand for affordable, well-designed homes in Nigeria’s urban centers.

Muoneke’s vision for Parkway Homes goes beyond just housing provision.

He is deeply committed to applying global best practices to elevate Nigeria’s development landscape and has positioned his company to expand its portfolio to include more entry-level homes while offering long-term solutions for affordable housing.

By democratising access to homeownership, Muoneke sees real estate as a powerful tool for social and economic empowerment, particularly for young professionals.

Despite the challenges facing Nigeria’s real estate sector—such as funding difficulties, regulatory delays, and inflationary pressures—Muoneke has steered Parkway Homes through these obstacles with resilience.

He attributed the company’s success to strategic partnerships, careful market analysis, and a deep understanding of Nigeria’s urban population.

His projects, including the upcoming Ashton Heights high-rise development and Ashton 2 townhouses in Lekki, demonstrate Parkway Homes’ continued focus on delivering high-quality, affordable homes.

As Parkway Homes grows, Muoneke remains a strong advocate for policy reforms to support affordable housing in Nigeria, including tax incentives for developers targeting low-income buyers, low-interest mortgages for first-time homeowners, and progressive land taxation to curb speculation.

In just over a decade, Muoneke’s vision and leadership have not only earned Parkway Homes industry recognition but have also made a tangible difference in the lives of countless Nigerians, setting a new standard for affordable housing in the country.