feel free to call 09056000005

UPDC expands portfolio to reduce housing deficit

The company’s Chief Executive Officer, Mr Odunayo Ojo, highlighted UPDC’s unwavering commitment to addressing the housing deficit and challenges ofurbanisation in the country. He also outlined its strategic focus on revenue diversification, middle-class housing, Nigerians in diaspora, increased customer satisfaction and strategic partnerships. “As a company, we strive to be innovative; to properly cater to the middle
economy, we had to re-engineer our strategy. Our new focus prioritises the middle class and aims to mitigate the growth of urban slums through the development of controlled urban centres that offer improved living standards,” he said.

Image result for pictures of real estate abuja
He also noted that UPDC aims to involve the Nigerians in diaspora in operations and ensure quality, despite the harsh depreciation of the naira. Ojo acknowledged the rising cost of building materials but emphasised a value driven approach, stating that “we focus on value, rather than cost. This is a storm we would all have to weather, as the effect is felt across all sectors.” He further advised, “exploring creative solutions like utilising real estate as an appreciating asset class and collaborating through fund pooling for housing development.”

Read also:

11 Ways To Resolve Landlord Tenant Disputes

Is Real Estate Profitable In Nigeria?

Architecture Of Nigeria


Recognising that the housing gap is a burden too large for the government alone, Ojo emphasised the company’s commitment to developing strategic partnerships to promote development in port cities like Akwa Ibom, Lagos, and Port Harcourt. He further expressed the company’s ambition to broaden its influence across Africa, while actively involving Nigerians in the diaspora in the real estate market.
“Many Nigerians in the diaspora are generally the last to find out about new real estate developments. To solve this issue, we want to restructure our operations by ensuring proper information dissemination, which will involve them,” Ojo said.


The high point of the event is the unveiling of two new projects: The Hampshire, a five-hectare mixed-use development with a focus on residential plots in Sangotedo, and Brompton City, a 30-hectare mixed-use development located at Ogombo Road with significant green spaces. The Executive Director for Development and Projects, Ms Bidemi Fadayomi, said The Hampshire project aims to set a benchmark for quality, value appreciation, and community management while providing an entry point for lower-income individuals.
“The Brompton City, designed to be an eco-friendly model, will leverage the natural topography to create a sustainable environment with ample green spaces. This project aspires to be a dynamic, eco-friendly city that inspires future developments in Nigeria and West Africa,” Fadayomi added

 

Similar Topics

The Osun State Government, in partnership with foreign collaborators, has initiated a reforestation...

4 days ago Read More

Dr. Seyi Olufemi, the CEO of Casafina Development Company, has counseled investors to purchase...

8 days ago Read More

The Economic and Financial Crimes Commission (EFCC) is tightening regulations on estate surveying...

12 days ago Read More

Nigeria has attracted $600 million in real estate investments over the past 13 years, according to...

17 days ago Read More

The real estate sector is still struggling despite its potential as economic challenges hinder...

19 days ago Read More

The Financial Caucus of African Ministers of Housing and Urban Development has elected Ahmed...

22 days ago Read More

Abuja was ranked as the least expensive African city for foreigners to reside in by the American...

22 days ago Read More

  Dr. Iziaq Salako, the Minister of State for the Environment, announced that Nigeria lost...

a month ago Read More

Leading figures in the real estate industry have expressed concerns about unethical practices by...

a month ago Read More

Nigeria has experienced approximately 604 building collapses between 1974 and May 30, 2024,...

a month ago Read More

In the past twelve months, Governor Peter Mbah of Enugu State, South East Nigeria, has shown a...

a month ago Read More

Land buyers at the Oko-Orisan waterfront residential scheme, developed by the Lagos State...

a month ago Read More

A development that is apparently strange in this clime is brewing as construction workers in...

a month ago Read More

The company’s Chief Executive Officer, Mr Odunayo Ojo, highlighted UPDC’s unwavering...

a month ago Read More

The real estate sector has undergone significant regulatory changes impacting housing market...

a month ago Read More

  The Nigerian Institute of Quantity Surveyors (NIQS) has announced plans to establish a...

a month ago Read More

  Nyesom Wike, the Minister of the Federal Capital Territory (FCTA), announced that the FCT...

a month ago Read More

Akintoye Adeoye, the newly elected President of the Real Estate Developers’ Association of...

a month ago Read More

  The Ministry of Housing and Urban Development announced that 8,925 individuals have...

a month ago Read More

The Building Collapse Prevention Guild (BCPG) has urged the Lagos State Government to investigate...

2 months ago Read More