‘Incentives will encourage development in housing
By Okwy Iroegbu-Chikezie
Property developers have called on the Federal and state governments to provide the required incentives in the built environment to attract investors to the sector.
Operators said access to land, tax rebates by government, among others, are vital instruments for attracting the private sector into the sector.
They spoke during the unveiling of the Mews Estate, Katampe Extension in Abuja.
The Mews, Katampe Extension, was developed by Eximia Realty Company Limited and Trio Nominees Limited.
The Chairman, Trio Nominees Limited, Hakeem Ogunniran, also noted that investments in the sector would receive a boost when the government provided a conducive environment.
On the features of the Mews Estate, Ogunniran, who is also and Chief Executive Officer, Eximia Realty Limited, said: “It is a very simple and affordable project. Our desire was to create something unique in Katampe Extension and you know they called this place diplomatic conclave. So, we tried to bring some of the features that we know, such as some simple designs, which value will speak to. It took us about two and half years to finish this project. We are happy because at a stage, all the happenings in the economy almost affected the project, but we were able to pull through.”
The President, Real Estate Developers Association of Nigeria, Ugochukwu Chime, commended developers of the estate for being able to complete the project through partnerships.