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Housing Market Upbeat In Benin City As Emotan Gardens Offers Affordable Homes

For low and middle income home seekers in Benin City, the Edo State capital, time to own their homes has come as one of Nigeria’s leading developers, Mixta Africa, has entered the city’s housing market with well finished, quality and affordable homes.

The 59 units of affordable homes, which the company has off-loaded into the market, are part of the 1,800-unit Emotan Gardens that the company is developing on 70 hectares of land in Benin City.

House prices in the estate start from N5.7 million for a cluster of 2-bedrooms and increases to N7 million, N8 million and N9 million, according to the house-type, providing the much needed affordable homes.

The delivered 59 homes comprise 38 units of 2-bedroom bungalows and 21 units of 3-bedroom bungalows. The company expects additional 68 units to be delivered by the end of 2019, while the entire project is expected to be completed by 2021

Presently, the company is perfecting plans to award contracts for the construction of the first phase of infrastructure for the growing community including power, water and roads.

“We are delighted with the progress made on the Emotan Gardens development. In collaboration with Edo Development and Property Agency ( EDPA), we are delivering, within our initial timeline, a range of high-quality affordable homes,” said Deji Alli, Mixta Africa’s CEO.

“We are experiencing excellent levels of interest for the properties with over 76 units sold till date,” he said further.

An 1800-unit estate sitting on 70 hectares of land in Upper Sokponba axis of Benin City and providing a range of housing options to subscribers, Emotan Gardens is deemed a revolution in Edo State’s housing sector.

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It is an affordable housing estate being developed by the state government through the Edo Development and Property Agency (EDPA) and Mixta Africa. The Memorandum of Understanding (MOU) for the estate development was signed between the state government and Mixta Africa in May 2018 and work kicked off in June last year.

Upon completion, the project will include a commercial area with opportunities for a shopping mall, schools and a hospital in addition to the residential component. The project also offers land sale to retail customers on plots of land measuring 450 square metres or 900 square metres.

The raw materials used in the construction and finishing of the buildings were sourced within the state to encourage local job creation. The materials, which include tiles, doors, glass, and other such materials, are sourced from companies operating in Utesi, an industrial cluster in the state.

Emotan Gardens is part of the many housing projects EDPA has set out to do in the state since it was revamped. Since then, the state government has been on an aggressive drive for urban renewal with infrastructure projects ongoing across the state. These efforts are tapping into all sectors including infrastructural renewal, manufacturing, ICT development and educational reforms.

Source: Businessdayng

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