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2,700 housing units

Two Lagos firms and Oyo strike housing deal

“Two Lagos firms and Oyo strike housing deal. The Lagos firms are to build two estates in Oyo State that will accommodate over 2000 people including civil servants.”- Nation

Transformation Housing Development Company Limited (THDCL) and HCP Architectural Engineering Limited will handle the Lakeside and Transformation Estates which will be sited at Idi Ishin and Elenusonso.

To be developed in phases, they will be built under the Oyo State government’s Transformation Housing Luxury and Affordable Schemes. The houses will comprise 3-bedroom bungalows, 3-bedroom semi-detached and detached houses; 4-bedroom maisonette and detached houses and 5-bedroom detached houses. The 3-bedroom bungalows will go for N10million under the affordable housing scheme, and between N20million and N50million, for the luxury units.

The estates will have modern landscaping and green areas,  sewage treatment plant, recreation ground, schools, 24-hour power supply and security.

THDCL Managing Director Jacob Esan and his HCP counterpart Olawale Demola said in Lagos yesterday that Ibadan was chosen for the scheme because of the ancient city’s social and commercial importance.

According to Esan, the projects were borne out of the necessity to provide accommodation for the growing Ibadan population.

Besides, he said, the increasing number of Ibadan indigenes in the diaspora that will relocate home had made it imperative to embark on the projects to relieve the stress on Lagos.

Source: Nation

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