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Business News of Monday, 15 August 2022

Source: www.punchng.com

Firm plans 2,000 houses in three years

File image to illustrate story File image to illustrate story

Landwey Investment Limited said it has concluded plans to deliver 2,000 home units to Nigerians within a 36-month timeframe.

It said in a statement that this was in spite of the ever-increasing cost of manufacturing materials like cement, blocks, sand, and glass in large volumes.

The firm said this was a result of the jump in the influx of people into Lagos for residential, commercial, and tourist purposes.

It stated, “Following reports from the Federal Mortgage Bank, Nigeria is plagued with a deficit of about 28 million housing units leaving the increased influx rate in dire need of a home.

“LandWey on its own part promised to play a significant role in mitigating this housing deficit by developing contemporary estates.”

It recalled that one of LandWey’s thriving projects, Urban Prime, had delivered over 1,000 homes to its customers across the country.

The Managing Director, LandWey, Adeshola Bello, who spoke at the home handover ceremony said, “The three-year old Urban prime project among other ongoing projects has been working tirelessly despite the hike in the price of construction materials, inflation, the volume of materials needed and other factors.

“LandWey is on a mission and will stop at nothing to ensure our clients get the best value for their money while we also pay detailed attention to the building process from start to finish.

“Urban Prime which was recently awarded by African property as a residential development in Nigeria sits on over 40 hectares of land with different building prototypes from apartments to semi-detached villas.”