A real estate development firm, Citi Buildings Real Estate Company, says it has made massive progress in the fulfilment of its vision to make the homeownership process smooth and flexible for every Nigerian.
This is fewer than 60 days after kicking off its allocation on the Citi Gardens Estate, Epe.
A statement by the firm said that with the recent launch of two estates, Buckingham Citi and Citi Garden Estate 2.0, more Lagosians now had access to affordable housing.
According to the statement, housing in Nigeria had continued to be a huge problem due to the rising population.
More than 500,000 people move to the city every year, and across Nigeria, there is already a housing deficit of more than 17 million units, according to government data. The population of Lagos is expected to double by 2050, putting even more pressure on already limited housing options.
This, combined with the high poverty level and bureaucratic bottlenecks, makes house ownership in Lagos and major cities expensive and cumbersome. Companies like Citi Buildings Real Estate and Development Ltd are bridging this gap by facilitating a smooth and solid ownership process and offering flexible payment structures.
The Chief Executive Officer of Citi Buildings, Mr. Gbenga Raheem, said the firm was helping to reduce the massive housing deficit in Nigeria by facilitating a smooth and convenient land and house acquisition process.
On his part, the Community Manager, Mr. Opeyemi Samuel, said “Buckingham Citi promises to be of high value and comes with a huge return on investment for every investor that keys into the project, and the title is a C of O.”
He added that the new Citi Gardens 2.0 Estate was sited along the express that would lead to Ikorodu in about 20 minutes. “It is a dry land and its land title is a freehold,” he said.
The statement said customers who had acquired properties in the various estates had continued to appreciate Citi Buildings for fulfilling its promise of ensuring convenient and seamless purchases immediately.
“Citi Buildings has fulfilled its promises to me. I was looking for a place to buy for investment and property appreciation and l met Citi Buildings via Instagram. To my surprise, the process was smooth and fast. In a very short time, I got my land allocated with all documentation attached at one of their estates in Epe,” said one of the new buyers in a video conference interview.
Citi Buildings Head of Administration, Mrs. Yvonne Agbogu, said the firm was driven by an aspiration to facilitate access to decent and affordable housing, which would, in turn, enhance the economic development of Nigeria. She also ended her statement by saying, “Citi Buildings are here to stay and will be breaking more boundaries soon in her long-term vision.”
