Developer proposes new estates , youth housing scheme in three cities

To cushion the shortfall in the nations’ housing supply, Lagos-based real estate developer, ATCO Homes said it has acquired over 4,000 plots of land with titles across the country.

The Managing Director of the firm, Mr. Triump-Abatan Oluwayomi, disclosed this during a chat with journalists in Lagos.

Oluwayomi said the firm would focus on the delivery of homes in Lagos, Port-Harcourt, and Abuja to cater to low-income earners and those who require smaller units like one, two, three, and four-bedroom apartments.

According to him, the firm planned to develop about 30 estates in 2021, adding that all issues relating to the estates have been resolved.

“We are into partnership with an Indian company to ensure standards in our construction and development of housing units. Our estates will have commercial units; play areas, gyms, and other facilities. ATCO Homes have also become a gateway to Nigerians in the diaspora to secure land for real estate investment,” he said.

Oluwayomi added, “We offer customers flexible payment plans. For instance, a payment plan for 24 months with zero per cent interest on the cost of land as well as build houses, adding “we build as if we are living in them.”

With the scarcity of funds for housing development, Oluwayomi said operators have to depend on friends, families, development partners, and clients to finance residential housing in the country.

He revealed that the government has put in place enabling laws that would make anyone win, but it depends on the operators to engage those laws in a meaningful and productive way.

“In the area of funding, there is a huge deficit from the government. There is no government that is perfect, they are trying their best but they can do more.

“Operators in the sector should help in the areas that government can’t cover because, at the end of the day, nobody will come and build our country for us. We can’t be waiting on the government. The Lagos State Government has stepped up its land administration. If you go to Alausa, you can process your documents, search for land and they still help”, he said.

The ATCO Homes boss explained that the firm has also designed a youth-oriented housing scheme and flexible payment structures.

Oluwayomi said consultants’ friendly policy exists that provides a huge commission structure.

He urged operators in the real estate sector to make trust, consistent commitment to the total wellbeing of customers, and satisfaction of clients their watchword as they are imperative for the growth of any business.

ATCO Homes portfolios comprise 12 residential estates and lands that include The Nations View Estate, Cloud View Estate in Ode-Omi, Bliss Vale Estate in Lamijo; The Blue Ocean Estate, The Dove Estate, Brampton Lake, Milton Estate, Oakville Garden, Angle Blue Estate, all located in Lagos.

A one-room studio apartment with ATCOHomes goes for 18 million while a plot of land starts from N800, 000 depending on location.