- The company also plans to offer residences to Nigerians in the diaspora
- Thousands of Nigerians are to be housed in a vast residential community in Lagos, Nigeria.
In a bid to capitalize on the thriving real estate market in Nigeria, Harmony Gardens and Estate Development Limited, the build-to-sell (BTS) assets unit of Nigeria master-developer of the Lekki Aviation town is set to invest a whopping $800 million in three high-end affordable residential projects. The move comes as the city’s property prices and rents approach record levels.
The new developments, which will include luxury homes and townhouses, are expected to significantly boost the company’s sales and profitability. The surge in demand for real estate in Nigeria has been fueled by an influx of Nigerians in the diaspora, reversing a years-long slump in the city’s property market.
Audullahi Saheed Mosadoluwa, the chairman of Harmony Gardens and Estate Development Limited, described the project as “momentous” for Harmony Gardens and one that would benefit Nigeria’s large youth and diaspora population.
“One of the locations of the mega project, Lekki Aviation Town, a modern estate strategically located along the Lekki Epe Expressway within the prime neighborhood of emerging Lagos state new economy. It’s a dream come through for everyone who desires a home and investment that can yield a good return on investment within the shortest possible period of time.”
Mosadoluwa said the firm was established as a leading player in Nigeria, adding that Harmony Gardens brings both affordable and middle-income developments to market and nurture them into inclusive occupied communities.
“As the Chairman of Harmony Gardens and Estate Development Limited, I am dedicated to providing strategic leadership and fostering a culture of excellence within our organization. We prioritize consumer-centric lands that offer maximum comfort, security, and serenity, tailored to meet the specific needs of our customers.”- said Mosadoluwa.
With an impressive portfolio of achievements, including the acquisition of 1412 hectares of genuine title land valued at 380 million USD and the recent acquisition of 135 hectares for Aviation Town development, Harmony Gardens is committed to delivering premium real estate products across major cities in Lagos State.
Mosadoluwa further said, “We are proud to be recognized by the Institute of Real Estate Management as an Accredited Management Organisation and certified by the Lagos State Real Estate Regulatory Authority. These certifications reflect our unwavering commitment to professionalism and quality in all our endeavors.”
On the challenges bedeviling the real estate growth in Nigeria, he said the Nigerian real estate sector is possibly the largest and probably most transformational remaining piece of the puzzle to unlocking wealth for the average Nigerian.
Web: www.landbookbyharmony.comSocial media:
Email: ceo@landbookbyharmony.com
Office: Saheed Mosadoluwa Cottage
HarmonyVille Estate, Eleko-Beach Road
Ibeju-Lekki, Lagos State
Tel: +234 8082244044