Login Register
feel free to call 09056000005

Edo govt’s pact with developers promises 454 houses in Benin, Ekpoma

A partnership agreement between the Edo State Development and Property Corporation (ESDPC) and three property development firms holds the potential for the construction of 454 housing units in Benin City, Ekpoma, and Uhunmwonde, according to the management of the government housing agency.
 
On August 10, 2023, the agency awarded certificates to four real estate developers for the construction of approximately 700 housing units in Emotan Garden City Phase 3, located in Benin City, the state capital. John Zedomi, the Managing Director of ESDPC, made this announcement during a press briefing in Benin City.
 
The partnership involves ESDPC teaming up with Orange Estate Land Developer Nigeria Limited, a local real estate developer, and Median Infrastructure Development Limited for the housing unit development.
 
Orange Estate will construct 108 flats in Iguovbiobo along Benin-Auchi Road in Uhunmwonde local government area. The indigenous real estate developer will also build more than 300 affordable housing units along the Ekpoma/Irrua Road in Esan West local government area. Median Infrastructure Development, on the other hand, will undertake the construction of 46 luxury apartments at Golfview Heights in the GRA, Benin City.
 
Zedomi mentioned that there are currently 147 ongoing housing units at Emotan Garden City, with these units at the roofing stage and available for sale.
 
He further stated that the housing projects in Iguovbiobo (Uhunmwonde local government area) and along the Ekpoma/Irrua Road (Esan West local government area) would offer opportunities for home ownership and contribute to the development of the host communities.
 
The joint venture development agreement with Median Infrastructure Development Limited for the construction of 46 luxury apartments in GRA, Benin City, follows the success of the Golf Mews project, which received overwhelming interest.
 
Zedomi explained that the project is expected to commence in September 2023, highlighting that the agency has been diligently working on several key projects with the potential to transform communities and improve the citizens' quality of life.
 
He also noted that the agency had undergone various reforms and name changes over the years, transitioning from Bendel State Development and Property Authority (BDPA) to Edo State Development and Property Authority (ESDPA) and then to Edo State Development and Property Corporation (ESDPC). These changes reflect the corporation's renewed focus on driving economic growth, sustainable development, and responsible property development across the state, ultimately serving the people of Edo State better.
 
Source: BusinessDay

Similar Topics

Event Set to Celebrate Managers Who Shape Careers and Drive Organizational Growth   Business...

a month ago Read More

Global Leaders to Converge in Lagos for Landmark Event Driving Urban Innovation and...

a month ago Read More

In a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...

a month ago Read More

Industry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...

a month ago Read More

LAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...

a month ago Read More

By Oche Onum Lagos, Nigeria As Nigeria’s real estate sector braces for 2025, rapid...

2 months ago Read More

By Oche Onum Abuja, Nigeria In a landmark move to combat climate vulnerabilities in urban...

2 months ago Read More

LAGOS, NIGERIA The Federal Government announced plans Wednesday to establish a Real Estate...

2 months ago Read More

According to The Guardian's investigation, 70% of Nigerian states rely on manual land...

2 months ago Read More

What is the Initiative? The Federal Government of Nigeria has unveiled an N100 billion private...

2 months ago Read More

Abuja, Nigeria’s gleaming administrative capital, has long symbolized hope for migrants...

2 months ago Read More

Abuja, Nigeria The Federal Housing Authority (FHA) has suspended all ongoing construction projects...

2 months ago Read More

Lagos, Nigeria  Amid Nigeria’s escalating housing affordability crisis, real estate...

2 months ago Read More

Renowned Nigerian gospel artist Mercy Chinwo has broken her silence in an emotional video...

2 months ago Read More

The Nigerian real estate market is projected to hit $2.25 trillion by the end of 2025, according to...

2 months ago Read More

Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa, has called on...

3 months ago Read More

Affordable Housing and Luxury Properties Set to Propel Nigeria's Real Estate Market Over the Next...

3 months ago Read More

Hope for improved housing supply in Nigeria may remain unfulfilled, as the 2025 fiscal budget...

3 months ago Read More

Nigeria commemorated its annual Armed Forces Remembrance Day on January 15, honoring military...

3 months ago Read More

Nigeria’s ongoing GDP and CPI rebasing reveal real estate has overtaken oil and gas as the...

3 months ago Read More