Foremost property development Company, UPDC Plc has begun a site and services scheme in Lekki Peninsula, Lagos. Known as Pinnock Prime Estate, the project is envisioned as a residential development, which will create a new benchmark for suburban living and sets standards for premium quality homes.
Under the scheme, UPDC Plc will develop an expanse of land measuring 1.47 hectares into 18 site and service plots, each measuring between approximately 500 to 1000 square metres.
Pinnock Prime Estate will be delineated along the lines of high- and low-density plots. In the high-density area, five plots will be allotted in a format of five – seven housing units per plot, depending on their sizes. In the low-density area, 13 plots are to be developed based on a maximum of two housing units per plot.
According to the Managing Director/Chief Executive Officer of the company, Mr. Odunayo Ojo, prospective buyers will be allowed to develop detached and semi-detached houses, terraces and apartments in line with approved building guidelines.
He said recreational facilities in the estate are designed to be an embodiment of lifestyle, consisting of parks with a play area for children and treelined streets with beautiful landscaping.
Infrastructure planned for the estate comprises underground power supply systems including a dedicated transformer for stable supply. There is an internal road network with cycling lanes, walkways for pedestrians and drainage channels to evacuate flood water.
He said that potable water supply will be derived from an industrial borehole that is enhanced with water treatment and storage facility. The streets are to be adorned with overhead streetlights, fence lights to illuminate the estate and surroundings as we; as provide credible security.
Ojo added, “It is a fully gated and secured estate with gatehouse, secured access and signage. Good hygiene is maintained with a sewage treatment plant system.”
SOURCE: Guardian.ng
In a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...
5 days ago Read MoreIndustry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...
10 days ago Read MoreLAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...
12 days ago Read MoreBy Oche Onum Lagos, Nigeria As Nigeria’s real estate sector braces for 2025, rapid...
16 days ago Read MoreBy Oche Onum Abuja, Nigeria In a landmark move to combat climate vulnerabilities in urban...
18 days ago Read MoreLAGOS, NIGERIA The Federal Government announced plans Wednesday to establish a Real Estate...
23 days ago Read MoreAccording to The Guardian's investigation, 70% of Nigerian states rely on manual land...
25 days ago Read MoreWhat is the Initiative? The Federal Government of Nigeria has unveiled an N100 billion private...
a month ago Read MoreAbuja, Nigeria’s gleaming administrative capital, has long symbolized hope for migrants...
a month ago Read MoreAbuja, Nigeria The Federal Housing Authority (FHA) has suspended all ongoing construction projects...
a month ago Read MoreLagos, Nigeria Amid Nigeria’s escalating housing affordability crisis, real estate...
a month ago Read MoreRenowned Nigerian gospel artist Mercy Chinwo has broken her silence in an emotional video...
a month ago Read MoreThe Nigerian real estate market is projected to hit $2.25 trillion by the end of 2025, according to...
a month ago Read MoreNigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa, has called on...
a month ago Read MoreAffordable Housing and Luxury Properties Set to Propel Nigeria's Real Estate Market Over the Next...
a month ago Read MoreHope for improved housing supply in Nigeria may remain unfulfilled, as the 2025 fiscal budget...
a month ago Read MoreNigeria commemorated its annual Armed Forces Remembrance Day on January 15, honoring military...
2 months ago Read MoreNigeria’s ongoing GDP and CPI rebasing reveal real estate has overtaken oil and gas as the...
2 months ago Read MoreRental properties, encompassing both residential and commercial spaces, are projected to dominate...
2 months ago Read MoreThe Nigerian Senate is considering a bill to prohibit the use of foreign currencies in domestic...
2 months ago Read More