Lagos housing supply gets boost from new real estate project
Nigeria’s housing deficit is driving new investments in the real estate sector, with HFP Engineering Ltd launching a major residential development in Lagos. The project aims to address the growing gap between housing demand and supply, especially in the Lekki area. Dele Ezeoba, Chairman of Harolds Group of Companies, highlighted the need for private sector intervention to provide quality and affordable homes. Ayodele Martins, Managing Director of HFP Viccidini Villas, shared details of the estate’s design and amenities.
TLDR
- HFP Engineering Ltd is developing a new estate in Lagos to help reduce the city’s housing deficit.
- The estate will feature 18 blocks of four-bedroom terrace houses, each with three floors and a penthouse apartment.
- The project includes modern amenities like swimming pools, sports facilities, lounges, a mini-mart, constant power, and advanced security.
- Buyers can secure a unit with a 25% initial deposit and pay the balance over 12 months.
- Investors are projected to see a 30–40% return on investment within the first year after completion.
