The momentum for housing delivery by private real estate investors, particularly in Lagos and Abuja, appears to be shifting early in the new year away from the luxury housing range, as developers seek to overcome challenges at the lower income end of the property market.

Already, early activities in the sector have seen some developers wrapping up construction work on on-going projects, while others are expanding their portfolio and launching new projects such as site and services schemes to bridge the gap in the housing industry.

One of the investors into such schemes in the Lagos axis is Palton Morgan, through its leading subsidiary, Propertymart Real Estate Investment Limited.

The firm has revalidated its commitment to ensuring that Nigerians have access to affordable housing by allocating plots of land to subscribers at its Fairmont Hartland Estate, Itele – Off Alagbado, Sango Ota, Ogun State.

Speaking about the allocation exercise, Group Head, Customer Service, Palton Morgan Holdings, the parent company of Propertymart Real Estate Investment Limited, Adeyemi Adebambo, said the allotment of plots is part of the company’s desire to satisfy its customers without making life difficult for them.

He said, “Customer satisfaction to us is not arbitrary. In the real estate business, people are looking to acquire property with the least amount of stress. That makes us intentional about our relationship with our customers, and we deliver on their expectations in every way.”

Adebambo added that the Fairmont Hartland is a scenic and serene estate with unique life-enriching infrastructures, offering value to buyers.

“We have allocated over 6,000 plots to subscribers since inception and they are happy to own properties in this estate because they are getting value for their money. Within the next few years, the value of this estate would have tremendously increased. This is another new Lagos we are developing here,” he said.

“Fairmont Hartland Estate, strategically located off Alagbado, is a premium serviced plot estate in the heart of the new Lagos that gives you a feel of a fine country living. Its attraction is mainly its green, eco-friendly environment with houses tucked within well-cultivated gardens, and top-notch infrastructures, which include paved roads, electricity, streetlights and security cameras, as well as a well-planned drainage system,” he added.

MEANWHILE, some of allottees that took possession of their plots commended the company for the speedy fulfillment of its obligation and excellent customer service.

One of the subscribers, Slyvester Omirona, said, “When I looked at the layout and infrastructure of this estate, I got very much interested. I want to commend them for their great customer service.”

Another allottee, Mr Kelvin Ajayi, also praised Propertymart for the estate layout, environment and accompanying facilities. “I subscribed to Fairmont Hilltop Estate, and I loved everything about it. I fell in love with the road infrastructure and the greenery. Also, the security here is good.”

For Mr Smith Habeeb, another satisfied customer, his delight is with the location of the estate and potential returns it will yield on investment. He said, “I heard about this property from a friend, and I decided to buy some plots here as a form of investment. It’s situated in a good location, and I know it will yield me great returns in the future. The allocation process was smooth. I definitely endorse them.”

Another subscriber, Adetayo, affirmed Propertymart’s integrity, saying “I tried them out because of their excellent customer service. The allocation process was seamless. They said it, and they kept to their word. I am happy, and I must say it’s a promise fulfilled.”

Source : The Guardian