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

To address ongoing challenges in the housing sector, Uzo Oshogwe, the Managing Director and Chief...

a day ago Read More

  The House of Representatives has approved a significant budget increase for the Ministry of...

4 days ago Read More

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

10 days ago Read More

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

14 days ago Read More

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

18 days ago Read More

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

23 days ago Read More

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

26 days ago Read More

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

29 days ago Read More

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

29 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