New Housing Estates Where People Are Buying Houses…

…In The OGUDU, IFAKO, ALAPERE/OWORO Axis In LAGOS

One of the hottest real estate destinations for investors now is Ogudu/Ifako/Alapere/Oworo axis of Lagos.

There are about 5 housing estates on this axis where people of class in Lagos are currently buying houses. These estates, some of them are still under completion while some are about 95 completion.

Let no one tell you otherwise about the potential and real estate value of Ogudu, Oworoshoki and Ketu Alapere corridors in Lagos, as they have now become hot spots for real estate developers. City People’s investigation reveals that many property players are rushing there to build many houses. And potential home owners are also going there to invest their money.

For those who aren’t familiar with Lagos, Ogudu, Oworoshoki, and Ketu Alapere are the 3 most popular and populated communities on the Lagos-Ibadan Expressway. Oworoshoki is the first community on the right immediately after the third mainland bridge. The next community is Ogudu, followed by Ketu-Alapere. These 3 communities are under Kosofe Local Government.

In the last 5-years, real estate investment is on the double rise in these 3 communities. First, we found out that many people don’t want to live too far away from the International Airport, Ikeja. Many of them want to live close to the airport for many obvious reasons. And it’s about 7 to 10-minute drive from these communities to the Murtala Muhammed International Airport, Ikeja, Lagos. This is one of the key reasons many people are eyeing property on that corridor, as properties in the Ikeja axis are limited and highly costly, hence forcing many to choose among the three communities, as alternatives.

Another reason is that the roads leading to the communities are well tared and connect to many locations in a matter of minutes.

This week, City People will be unveiling 5 estates on the axis where people are rushing to buy their houses.

The first on the list is “The Avenue”. The avenue is a Private Public Partnership Project (PPPP) initiative between LSDPC and a special purpose vehicle DIRECT CONSTRUCTION Nigeria Ltd, hinged on the urban renewal drive of the state government, a once marshy and dysfunctional estimated 17,000sqm of land located at the Ogudu section of the Alapere/Oworosoki Expressway. The location is strategic and the most convenient connecting point between the mainland & Island.

48 Units of 4 Bedroom Semi Detached (Semi-finished) houses with anterooms.

Each semi-detached house has car park space for 3 – 4 cars.

Each Unit is being offered at an introductory price of N120,000,000 (semi-finished) and N150,000,000 for completed 70% down payment and the balance spread over the construction period of 6 months is allowed, the delivery period is April 2023.

Another massive housing estate that is getting alot of attention from potential hone owners is Boulevard Residence Ogudu Gra Phase Ii. You will fall in love with this architectural designs that is  nestled on 24000sqm of beautiful land. The Boulevard Residence exemplifies modern living. This masterpiece consists of 70 units of 5 bedroom semi-detached homes with BQ (SEMI-FINISHED), a large recreational area, ample parking space, and high-quality finishes throughout.

Ogudu is centrally located in the heart of everything that makes Lagos special. It is a highly residential area known to be a hub for exotic houses and shares borders with Ifako, Ojota, and Ketu with easy access to Lagos Island.

The Mangroove is another estate currently selling on the axis. It’s another project of Lagos state government but it’s situated in Ogudu/Alapere area of Lagos.

The Mangrove Estate boasts of luxury 4 bedroom Terraces and a Maisonette at Ogudu gra Phase 2. Each home is resplendent with modern aesthetics, and high-quality materials to give it a unifying ambiance.

It is smart and sophisticated homes and have automated facilities for your comfort and convenience. Four bedroom Terrace and Maisonette home was planned meticulously to create a well-proportioned living space that is made from high-quality building materials.

The windowed living room creates a balanced flow of natural light in case you’ll rather do without it. The lighting fixtures were carefully selected to create an almost natural illumination.

Ogudu Foreshore Estate is a project of Brains & Hammers. This project is located along Oworoshoki axis on Lagos/Ibadan Expressway, Lagos.

It’s obviously located in the fastest growing area of Lagos State. The project is a collection of 4 Bedroom Terrace Buildings specifically

designed to be modern. It’s also a good investment for first time investor.

Amenities include 24/7 Security, Central Power, Water and management of common areas such as the playground and sport recreation facility.

The project is ideal for investors seeking an attractive asset with a reasonable cash flow. Given the locational and existing

market demand, value appreciation is more or less guaranteed. Three BEDROOM SEMI DETACHED sell for N39.99m.

COOPEAST ALEXANDRA COURTS ESTATE, OGUDU GRA PHASE 2. This is another estate in Ogudu people are are making serious enquiries on how to buy houses there. The project is a lovable one for any investor. Unlike other estates with less facilities; this estate has 2 central elevators per block, 3 stair cases par block, central maintenance offices per block. It also boasts of 24/7 CCTV in all public places.

And it’s just 5mins drive to Third Mainland bridge and 15 mins drive to International Airport.

It also has lovely swimming pool, Gym & Public play area for children and adults. It’s Eco friendly and boasts of 24 hours electricity. Total Floor Area goes for 180 millon naira.

– Isaac Abimbade

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