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GText kicks off smart, green housing project, targets 25,000 green housing units before 2035

By Eniola Daniel
05 October 2020   |   3:42 am
Lagos-based property developer, GText Homes, has kick-started a low-cost housing scheme that would provide green and smart homes in Ibeju-Lekki corridor, Lagos.

Stephen Akintayo

In line with its vision to revolutionize the real estate sector in Africa and making provision for smart and green homes, GText Homes has opened up its Jasper Estate in Ibeju-Lekki, Lagos.

According to the Chief Executive Officer, GText, Stephen Akintayo, the estate is a Green Housing estate intentionally planned to reduce the effect of Climate change and focus on renewable energy.

With its latest estate, the real estate company has set in motion its vision to build 25,000 Green and Smart homes, between this year 2020 and 2035.

Poised to reduce the housing deficit in the country, GText in 2019 kicked off N10 billion low-cost housing project to assist low-income earners in the country achieve their dream of homeownership.

In his words, “we started real estate subsidiary five years ago and we’ve been in business for 12 years, and for us, when we decided to go into building houses, we said we cannot go the way others have gone; the world is going green, everybody is talking about climate change and we want to make a statement in Nigeria. We are not just talking about building green homes; we’ve started smart homes.

What is unique about Jasper Gardenia is not just a smart home that residents will open, put on the light and the TV from the phone, it’s an energy-efficient home, eco friendly, a home for the future.
I don’t see any better opportunities in terms of investment than this.

For those that want to buy the house and rent it out, the people that will rent the houses are expatriates working in the axis. There are 40,000, people working in the Dangote refinery and will not owe rent; 6000 Indians and 3000 Chinese and many of them are living in temporary shelters and a good number of them will need houses when the refinery kick start next year so, we are already ahead of time.
I will personally get the people that will rent an apartment here.

We have two bedrooms Terrace; we are also building three-bedroom, five bedrooms, and duplex, all smart. We’ll have a swimming pool, we are partnering with a company in New York to start recycling wastes that will be used in this estate so, and we are also generating our own energy.

He added, “90 per cent of our customers have never seen any of our estates before, that’s the level of trust. A lot of our customers trust us than the government because we are opened and transparent.
“We will be the largest estate developer in Africa and between now and 2035 we will build 200 of such houses.

“Our goal is to build 25,000 green and smart homes. In five years, we’ve moved to seven estates, and we are launching five new estates in September.

People are asking why there are huge concentrations of estates in Ibeju-Lekki, the answer is that it is the new Lagos, it is the first city that had been well planned in Lagos State, every other place just happened.

On his part, the contractor for the project, Adeyemi Adeniyi, “One of the things we have not been able to do over the years is what we are doing, that’s, Green Housing Project. One of the few places I’ve seen a green house is in the US and that’s what we are trying to replicate, which has to do with having greens all over the houses and plant as a source of energy for residents.

Speaking on the feature of the building, he said, “we have two bedroom Terrace houses, we have two sitting rooms, that’s a storey building but we are doing the first one block at a stretch. This is not just about selling houses, it’s about selling what is unique and what will go with the reality on the ground today.

Developed countries no longer rely on the general electricity. They generate power from plants and that is what we are trying to do.

There will be a swimming pool, a farm in the estate, and renewable energy.

The major selling point of the estate is that it’s a greenhouse, and the target clients are the middle classes and the high earning.