By Kingsley Adegboye

THE Managing Director of Gran Imperio Group, a Lagos-based firm of infrastructure and real estate development, Mr. Adeyeye Ogunwusi said the company ventured into the construction of upscale but affordable housing to bridge the housing gap in the country estimated at 17 million units.

Mr. Ogunwusi however said the company is presenting concentrating its development efforts in Lagos in view of the shortage of decent housing in the megacity.Describing the housing shortfall as alarming, he explained that it would take the collaborative efforts of the government and private sector developers to address the housing deficit.

He listed some of the projects executed by the company to assist in the reduction of the housing deficit in Lagos as   Jacob Mews a 120- unit housing estate located at Yaba, Northpointe Phase one and two comprising 101 units of two, three, and four bedroom luxury flats and duplexes in Lekki, the first phase of Lake View Park   located adjacent Victoria Garden City, Lekki and Midland Court located along the Northern Foreshore Scheme.

Ongoing projects

Others are Westpointe Estate located at Ikate in the Lekki axis, Southpointe Estate located at Lafiaji, Off Lekki-Epe Expressway and Lake View Park two. He pledged to develop all ongoing projects with all utilities and amenities provided.

The Gran Imperio Group boss who said their primary targets are middle class income earners, commended the federal government for establishing the Mortgage Refinance Company. According to him,   the new establishment would solve the problem of defective mortgage system   which has remained a major obstacle to mortgage finance in Nigeria.

He lauded the urban renewal initiative of the Lagos State Government and pledged the readiness of his company to collaborate with the government in this regard. Speaking on behalf of GTHomes Ltd, the mortgage subsidiary of Gtbank and financier of Gran Imperior Group’s projects, Mr. Kazeem Owolabi called on Nigerians to imbibe the saving culture . He stated that the primary objective of GTHomes is to fund mortgages, adding that the PMI also funds people to buy homes. “We partner with estate developers to fund their property. We do this with reasonable interest rates,” Owolabi who is a Senior Manager in the PMI said.

The Sales and Marketing Manager of Gran Imperio Group, Mr. Isaac Etim said the company is involved in housing projects in both Island and Mainland. Etim who added that the group is also into site and service scheme, disclosed that payments for their housing types have been structured to be flexible.

According to him, there are two attractive payment plans offered by the company. These include 20 per cent payment upon signing an agreement, 20 per cent after 90 days, 20 per cent after 180 days, 20 per cent after 270 days and the balance of 20 per cent at the completion of the project. The second plan is that all upfront 100 per cent payments attract 7.5 per cent discount while 50 per cent attracts 3 per cent discount.

The Coordinator of Gran Imperio Group Cooperative Multipurpose Society, Mrs. Enitan Tunde-Ibironke who noted that the Southpointe Estate located near Lafiaji along Lekki-Epe Expressway is owned by members of the Society, said the main objective of the Multipurpose Society is focused on saving culture. Explaining that the Society is focusing on housing because housing is a fundamental human need, said the Cooperative Society intends to come up with more residential estate both in Lagos Island and Mainland.

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