Company begins construction of $2 million estate in Lagos

A real estate company, Workbay Technology Limited, said it has started work on its Maverick Gbagada Estate project, which is designed to be one of the most outstanding estates on the mainland axis of Lagos.

According to a company statement, the estate, which is expected to be built with the $2 million infrastructure fund raised through investors, will be equipped with the best infrastructure facilities in a serene environment that promotes productivity. .

The statement added that the estate of 60 serviced plots would have facilities including the best security network, a beautiful gatehouse, a tarred road network, a drainage system, street lights and electrification, drinking water, spaces greens, perimeter fencing and other state-of-the-art equipment. state-of-the-art infrastructure.

Speaking on the project, the company’s Managing Director, Mr. Gbenga Aiyeremi, explained that the company moved to the site within weeks of raising the fund to boost confidence among investors and other partners. .

He said: “I understand that the real estate industry and trust are inseparable, and trust can easily be strained when there are useless idiots. To earn the trust of our investors and landowners, we must complete the estate and make it habitable in record time. This will encourage those who wish to own part of the domain to join us as well.

The company’s co-CEO, Sola Adeyeye, said, “It’s unfortunate that there are multiple stories of developers promising infrastructure and not delivering it. This has a negative impact on the industry. We are doing our best to change this narrative. Therefore, we want to ensure that we deliver the real estate infrastructure as quickly as possible with the highest quality.

“The current sale price is N45 million per 500 sqm plot with a payment plan that can allow buyers to spread payment for up to 12 months. We still have very little land available for sale as we have reserved about 10 plots to build housing. We will make an announcement regarding off-plan sales starting in the next few weeks. Agents willing to work with us are welcome.

Copyright PUNCH.

All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the prior express written permission of PUNCH.

Contact: [email protected]

Laura J. Boyer