Propertymart unveils Abuja Grenadines Home Lokogoma
- Monday, 09 July 2012
Amid yearnings for luxury residential accommodation in the Federal Capital Territory, Lagos-based real estate developer, Messrs Propertymart Real Estate Investment Limited has acquired a site at the Lokogoma District, where it planned to commence construction activities in September this year.
Known as on “Grenadines Home Lokogoma”, the estate sits on a five-hectare stretch of land, with about 2,000 square metres reserved for recreation facilities and open spaces.
At the estate, Propertymart is building for sale homes such as the four-bedroom terrace house (with a boys’ quarter), four-bedroom semi-detached duplex (also with a boys’ quarter) and five-bedroom fully detached duplex. Some of the houses display penthouses with roof-top terraces for relaxation, loft-styled finish, personal car parking, glass curtain walling, Jacuzzi and unique colour finishing.
The entire estate will be equipped with facilities such as swimming pool, gym and lawn tennis court. The estate has close proximity with the popular Games Village and other adjourning estates. It is about 15 minutes’ drive to the Nnamdi Azikiwe International Airport and also 15 minutes’ drive from the Central Business District of Abuja. Located in a residential area, it is about 10 minutes from Shoprite, touted as Africa’s largest shopping mall.
While a terrace home sells for N36.5 million, the semi-detached duplex goes for N45 million, and the fully detached duplex sells for N55 million. Officials of Propertymart disclosed that the listed prices are discounted promo prices and would likely rise after the close of the promo.
According to them, a beneficiary can either make outright payment or pay instalmentally after making an initial 10 percent deposit of the total cost of the unit.
Initiated through a partnership agreement between Propertymart and Omega Homes Limited, the “Grenadines Home Lokogoma” is targeting the middle and high income class.
The Lagos-based architectural firm of Messrs Play In Architecture Limited designed the estate and the dwelling units, while Messrs Billing Cost & Associates are quantity surveyors to the project.
On what informed the choice of Abuja for the estate, Mr. Adeyemi Adeniyi, Propertymart’s Branch Head in Abuja, said: “We want to repeat the same feat we have recorded in the South West over the on-going construction of ‘Grenadines Arepo,’ where the civil engineering infrastructure is being handled by the PW Group, and the Grenadines Magodo GRA.
“Apart from desiring quality homes to be delivered at an affordable rate and on time, we want to stand out in the real estate market and raise the standard being set by developers on construction of housing projects in Abuja. The aim is also to advance the economy through real estate.”
According to him, Propertymart nurses an ambition to build more estates in Abuja upon the completion of Grenadines Homes Lokogoma. He added that other cities being targeted by Propertymart include some unexplored areas in Ogun State, Port Harcourt in Rivers State and Karu in Nassarawa State.
Besides Grenadines Home Lokogoma, Propertymart has also developed estates such as Grenadines Life Camp, Abuja; Grenadines Magodo GRA; Grenadines Home Arepo; Mainland Gardens, Mowe; Palms Gardens, Mowe; and Palms Gardens, Kuje Abuja.
Real Estate Investor Network