A real estate firm, Chattel Reality and Investment Company says it has introduced a land ownership scheme that will eradicate owning a land in Lagos State as being the exclusive reserve of the rich and the powerful. One of such schemes with which the firm intends to achieve this is the Palms Villa Estate in Ibeju Lekki and Ikorodu, which the firm has started selling.
Aside from its 10 per cent discount offer on all land payment plans, the company is spreading payment options for purchased land up to four years. This, it says, is to give all low income earners an opportunity to be landlords in Lagos. For instance, to own a plot of land at Chattel Reality’s Palms Villa Estate in Ikorodu, an intending buyer can pay as low as N22,000 monthly and N83,000 monthly for land in the Palms Villa Estate in Ibeju Lekki.
Its Managing Director, Mr. Ifeanyi Okafor, explained that such initiative is one of the company’s strategies to get more Nigerians to invest in properties and own their own houses. “We must as a matter of urgency always look for incentives to encourage people to own their homes. Things are pretty difficult at the moment and many people might not be able to afford a huge sum of money to purchase a land not to talk of building a house. So for us, we are more interested in empowering people and helping them to achieve their dreams of becoming a landlord,” he explained.
Chattel Realty and Investment Company limited is an innovative real estate development company that engages in the development of master-planned housing estates. The company’s objective is to provide cutting-edge real estate solutions to the huge Nigerian real estate market, which yearns for affordable housing as well as other real estate investment products.
Source: The Nation Nigeria