A real Estate firm, Drs Enterprise Ltd ( REDOC Homes) has reaffirmed its commitment to providing affordable and sustainable housing solutions for Nigerians. In line with this commitment, the company has launched its newest development project, “Ọmọlọlá Estate” in the heart of Epe, Lagos State, which is set to provide housing for up to 200 families and address the growing need for quality housing in Lagos state in the coming years.
A statement to the Press, by Bash Olakunle Abiola Olowoselu, CEO of REDOC Homes shared insights on the current state of the Nigerian Property market, He stated “According to a report by PwC Nigeria, the Nigerian housing market has significant potential for growth, with the country’s urban population expected to reach 200 million by 2050.
However, the report notes that there is a huge housing deficit in Nigeria, with an estimated 17 million housing units required to meet the current demand. To address this deficit, REDOC is committed to providing quality homes that are affordable and environmentally sustainable. We have the vision of becoming the most identified property brand for unparalleled affordability by the year 2024 across Nigeria and and Ọmọlọlá Estate is a testament to this commitment”.
Ọmọlọlá is a unique opportunity for investors to build a lasting legacy for themselves and their loved ones in a very serene environment that has a touch of nature, class, and an impressively high return on investment. The Estate is uniquely designed to save investors from currency devaluation, starting from the uniqueness of the location, the purpose even the name of the Estate all resonate about wealth creation and retention. Correcting your self esteem starts from where you live and this factor is very important for the next coming generation. As a Nation, we need to build high self Esteem youth, and the origin is our society and environment”. Olowoselu Shared
“Ọmọlọlá Estate is an excellent example of our commitment to providing sustainable developments that meet the needs of our customers, we understand the challenges that the Nigerian property market faces, property prices are on the high, with only 10-15% of the population able to afford a mortgage. We’re addressing these challenges by building affordable and sustainable developments that are accessible to all Nigerian and not just the top 15 percent” Olowoselu explained
“We selected Epe for this project due to its strategic position and affordality. Epe is the primary gateway out of Lagos and the construction of a Seaport, Airport and Refinery in highly commercial Ibeju Lekki will result in an increase in demand for residential houses, and the closest residential community is Epe. The community already houses Several universities, Resorts and government projects like the Solar Energy Project and Logistic Hub recently commissioned by the Lagos state Government”. Olowoselu detailed.
Ọmọlọlá Estate will feature a range of modern amenities, including 24-hour security, recreational facilities for children and the elderlies, a green area and ample parking spaces. The estate will also be equipped with state-of-the-art infrastructure, including a water treatment plant, solar-powered streetlights, a central sewage system and more, all made available at a price as low as N2,000,000 per plot with options to spread payment for up to 6 months.. Honestly, home ownership in Nigeria can’t get any easier than this” said Olowoselu.
REDOC Homes is a leading property development company in Nigeria, with a mission to make life beautiful for Nigerians by educating, influencing, inspiring and assisting first time property owners with their real estate investment goals. The company has helped multiple families own homes in Nigeria and Ọmọlọlá Estate will be a significant catalyst for economic development across the Epe Community, and a haven of residential bliss for residents. The project promises a lucrative and worthwhile investment opportunity to potential subscribers, he said.