Ofada Housing Estate ready
in May
By PETER ANOSIKE
Monday, January 28, 2008
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Ofada Housing Estate, Ogun State
Photo: Sun News Publishing |
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The first phase of Ofada Housing Estate, a housing project
being developed by Cornerstone Construction Nigeria Limited
would be ready by May.
The Managing Director of the company, Mr. Lanre Okupe said
the project, which was supposed to have been completed some
months ago, was delayed as a result of the inability of the
former financial partners to live up to their responsibilities.
Okupe said that they have got another financial partner in
the person of Express Discount Limited that has shown seriousness
in the area of finance adding that the first phase of the
housing project would be ready by May.
“ I want to say that the first phase of Ofada housing
project would be delivered by May. Originally, our thinking
was that the houses would be ready six months ago but we had
difficulties getting the approval from the Ogun State government.
It took us one whole year to get the certificate of occupancy.
Again, we had difficulties with our former financial partners
who defaulted on their promise to help us financially. But
right now, we have got a serious partner that has shown financial
commitment and we are now back to the construction site and
by May, we are sure to deliver the first phase of the project
which would comprise of 42 bungalows and five service plots,”
he said.
The Cornerstone Construction company boss said that the first
phase of the project would cost N150 million. He said that
the second phase which would commence immediately after the
first is completed, would comprise of 48 bungalows and 13
service plots while the third phase would comprise of 44 bungalows
and seven service plots totaling 158 units.
According to him, the estate is located on a 50 hectare of
land.
Ofada Estate is strategically located near Lagos with an approximated
25 minutes drive from Alausa Secretariat. The site could be
approached either through the road opposite Redemption Camp
at KM 46 Lagos /Ibadan Expressway or Mowe Village.
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