Firm Launches Initiative to Reduce Housing Deficit in Nigeria

Worried about the huge housing deficit currently put at about 17 million, Chattel Realty and Investment Limited, has launched a housing scheme, housing empowerment and land Lord opportunity (HELLO) to avert housing crisis in Nigeria by 2020.

The firm’s Managing Director, Mr. Ifeanyi Okafor, explained that the project has become necessary because of the housing deficit that has awfully become a recruiting decimal all over the world, pointing out that the situation is not just dangerous but could develop into a catastrophe of unimaginable dimension if adequate action was not taken to address the issue.

In his words, “This could be why the federal government earmarked N40 billion in the 2016 capital budget to implement a comprehensive housing programme as the official housing policy in the country. We, at Chattel Realty have keyed into this laudable government intention to adequately address the issue of housing deficit in the country with the birth of our HELLO project.”

He said as a result of this, the company has refocused its objective to provide cutting edge real estate solutions to the enormous housing market in Nigeria, which he said has been yearning for high quality and affordable accommodation.

He said with this scheme, people can buy a piece of land in any of its estates located in Sangotedo and Ikorodu by either choosing to make a one-off payment or 6 to 12 months equal installments.

Okafor during a press briefing to launch the programme, said after the initial payment, subscribers are automatically qualified to win a 2 bedroom house in a raffle draw that will hold at designated locations with other consolation prices to be won in the raffle draw.

“To us, it is a win-win situation for Nigerians who will be participating in this project. Aside from the fact that participants get amazing gifts they also buy their dream property in an amazing location with no hassles,” he added.

According to him, the company offers an opportunity of owning a free 2 bedroom house with a payment of N660, 000 for a plot of 600 square metres in Luxury palms villa phase 2 at Agbowa or pays an initial amount of N55, 000 spreading the balance within 12 months to qualify for the raffle draw.

He noted that the solution to the problem of housing in Nigeria lies in the ability of developers to truly and adequately provide opportunities for an average Nigerian to begin the process of home ownership through convenient, accessible and affordable platforms, but stressed that many developers have failed in this regard in providing accessible products that can adequately address the real needs of the housing market in Nigeria.

“This is why at Chattel Realty, we are creating innovative and enabling platforms for Nigerians, as well as providing the infrastructure and convenience required to make home ownership possible and the estates livable,” he said.

He said the initiative is a way of empowering Nigerians to become home owners at little or no cost to them, stressing that with HELLO, subscribers are open to a new world of great opportunities.


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