Plans to increase the housing stock have received a boost in Edo State as the government moves to develop a 369-unit estate in Ekpoma, Esan West Local Government Area.
The Executive Chairman, Edo Development and Property Agency (EDPA), Isoken Omo, who disclosed this in Benin City, the state capital, said the agency is spearheading the development of the project.
Omo noted that EDPA is pursuing a holistic plan to maximise its land bank across the three senatorial districts to drive affordable housing development for the masses.
“We have concentrated our property development in Benin City, Edo State capital in the past two years, but we want to expand our scope now. We want to expand our projects to other parts of the state where we have land banks, especially in Uromi and Ekpoma,” she said.
She explained that the development of the estate would commence before the end of the year and driven with an affordable payment plan. “We have started finalising the designs. It is going to be an estate for civil servants and low-income earners.
“The prices will be between N3 million to N4 million with four housing types. There will be two and three bedroom types.”
She added that the first phase of the Emotan Gardens Estate being developed in Benin City has been completed, as arrangements have been concluded for owners to move into their properties.
“We completed the first phase of 100 units in the estate and all the housing units have been bought. We have started the second phase and the plan is to deliver the 1,400-units estate within four years.”
Get real time update about this post categories directly on your device, subscribe now.