Bridging the gap in the building industry

An housing estate owned by Lagos Homs Government. PHOTO: LAGOS HOMS

An housing estate owned by Lagos Homs Government. PHOTO: LAGOS HOMS

Housing is an essential component of our existence and that is why successive administrations have reiterated the need to take care of the alleged 17 million housing deficits in the country. The implication is that we are in dire need of housing considering that the figure is ever changing. Suru Homes Limited is poised to change the narrative as they intend to bridge the gap in the industry with the planned developments of Suru Apartments in Ikeja and Ikorodu areas of Lagos State.

According to the Group Managing Director of the Firm, Mr. Edward Akinlade, the key features of the Ikeja Apartments includes three bedroom apartments with BQ, adequate security, regular water supply and to be managed by a property management company whereas the Ikorodu Apartments are one and two bedroom flats with adequate security, regular water supply and to be managed by a property management company. He put the construction of the Ikeja Apartments to commence by March 2017 and put the completion to mid 2018 while the Ikorodu Apartments are currently under construction.

Beyond contributing their quota towards bridging the gap in the industry, Mr. Akinlade also implored the populace to take advantage of the off plan sales as an investment vehicle for people especially among cooperative societies. In his words, “Buying now saves you time and money. A Suru Homes property is not only a good investment, it is also a perfect place to call home and with a deposit of N15M, and the balance spread over a period of two years, investors will make N10M return on their investment in the Ikeja Apartments and with N5M initial deposit, one can make up to N2M return on investments on the Ikorodu Apartments upon completion.”

He further said the company is motivated into this development by the level of success recorded in their previous development across Lagos state and confirmed the willingness of the organisation to continue to create wealth through the projects despite the economic challenges in the country. Akinlade advised cooperative societies and offtakers to take advantage of this opportunity as they are guaranteed of getting 40% return on their investments.



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