FAB Realty, a leading real estate company in Nigeria, has taken a positive step in realising its vision of offering a workable solution to the country’s housing shortage by allocating land to investors at Freedom City estate in Epe, Lagos.
Lagos, Nigeria’s largest city, continues to have severe housing issues as a result of population growth. Every year, more than 500,000 people relocate to the city, and reports suggest that there is already a housing shortage of more than 17 million units in the country.
During the allocation exercise which took place recently in Epe, Managing Director of FAB Realty, Ayomikun Adebayo, said the estate, which was still in its developing stage, offers proximity to an economic hub while providing a serene and peaceful living environment.
Adebayo said that the location of the estate has made it an attractive option for those seeking affordable housing in Lagos. She stated that Nigerians should take advantage of the area’s potential status as a major commercial centre to secure their own piece of land.
Adebayo, speaking to the new landowners, guaranteed that their investment would appreciate in value, while reiterating the company’s goal of providing quality and affordable housing options to Nigerians.
“Thank you for your patience and patronage, and for believing in this dream. This investment will definitely keep appreciating in value. Freedom City is our latest effort towards bridging the housing deficit in Lagos and offering our customers an affordable lifestyle option. We understand the challenges in Nigeria, and we are committed to providing viable solutions,” she stated.
Recall that President Muhammadu Buhari paid a visit to the Lekki-Epe area of Lagos in January to commission the Lekki Deep Sea Port and a Rice Mill, which are two landmark projects situated at the Lagos Free Trade Zone.
Along with the projected international airport by the Lagos state government in the Lekki-Epe axis, the 18.75-kilometer Eleko-Epe rigid pavement six-lane expressway, which was also among the projects commissioned by the President in January, has solidified Epe’s status as the new Lagos.
Adebayo stated that the construction of these projects has made Epe to become a much sought-after area for real estate investment opportunities. Not only is it close to the economic hub of Lagos, it is now connected by the new expressway, making it more convenient for anyone looking to invest in properties.
Meanwhile, customers who acquired properties in the estate have continued to express satisfaction and excitement after being allocated land in the new estate, and are looking forward to building their dream homes.
One of the customers said: “I am very excited about this allocation today. It is a great opportunity, and I am happy. This exercise has shown that there is a guarantee that when you buy your land, you get allocated. I am impressed.”
Freedom City estate is strategically located in the heart of Epe, and residents would enjoy unique features and amenities that have made it a top choice for prospective homeowners and investors looking to take advantage of the economic opportunities in the area.
