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Homework Builds Cheap Mini Estates to Solve Housing Deficit

By Dipo Olowookere

Homework Development and Properties Limited has shown a strong commitment in resolving the housing deficit in Nigeria through affordable mini estates of one, two and three bedroom apartments which feature innovative architectural designs.

Director of Homework Development and Properties Limited, Mr Jide Adekola, whose firm participated at the two-day West African Property Investment (WAPI) summit held in Lagos, said the projects are driven by the passion to offer affordable quality homes to Nigerians.

Mr Adekola said the company was looking at replicating its luxurious and quality products in other places like Ajah, Yaba and other parts of the mainland, aside Banana Island and Lekki.

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He said the affordable mini estates would be spread across the country. Towards this end, the company would negotiate with suppliers and manufacturers of building equipment to see how they could sell their products at discounted rates in line with the focus of the WAPI summit.

Mr Jide Adekola said the summit helped vendors and other developers to network with the right partners, financiers, and marketers on available and intended projects.

He explained that Homework has made remarkable progress in resolving housing deficit through its products located at Banana Island, where it has a small gated community of terraces and semi-detached duplexes and at Lekki Phase I with Dunvale Terraces.

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Other projects include Rowland’s Court, which consists of maisonettes at Elegushi in Lekki; Dunvale Court, an estate of 3 bed and 4 bed terraces  as well as units of one and two bedroom apartments, both situated along Orchid Hotel, Lekki, Lagos.

To make its products unique, Homework embarks on regular training for its team of architects and engineers in line with modern trends.

It also makes use of up-to-date building technology to tackle the challenge of communication in addition to providing identification and security with close circuit television surveillance solutions, space optimisation and recreational facilities while delivering its projects.

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He said the company intends to explore opportunities in other West African countries with affordable products as done in Nigeria.

At the summit, stakeholders commended Homework for quality and standard.

Tola Akinhanmi, Senior Manager, Real Estate Finance (West Africa) at Stanbic IBTC, said Homework has surpassed its competitors and that the architectural skills deployed in its projects shows it has the workforce to offer what it promises.

Tinubu Adeniyi, a property marketer, affirmed that its products are good enough to attract investors.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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