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Housing Deficit: BuildOptions Unveils Housing Estate

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Published in Real Estate
Friday, 20 November 2015 12:00

As part of efforts aimed at providing quality and affordable housing in the FCT, a real estate firm, BuildOptions Limited has unveiled its first set of houses in Guzape district of Federal Capital Territory.

Speaking at the occasion, Chairman of the firm, Alhaji Aliyu Hammadu, said the firm has built over 100 units of houses and has over 23 active projects that are being carried out concurrently within the FCT, adding that the company intends to move to other states of the federation very soon.

He said the projects range from 4 bedroom luxury apartments with unique and modern designs like the one we are commissioning today to smaller units tailored to accommodate the budget of the middle class.

The chairman noted that the importance of housing cannot be over emphasised, saying that every Nigerian is entitled to a place where he or she can call a home.

He said although not peculiar to Nigeria alone, the housing deficit in the country is one that raises a lot of concern with an estimated fifteen to sixteen million housing deficit for a population of about 170 million Nigerians.

According to him, “It is the realisation of this fact that prompted the creation of our company. We have partnered with individuals and corporate bodies alike to come up with ideas and solutions to the housing issue in the country and with over 100 units in less than 11 months, I think I can rightly say that we are on the right track.

He however called on the Federal Government to tackle the issues that obstruct access to affordable housing such as high cost of land, and raw materials, limited access to housing finance, access to infrastructure and the process of legal documentation in land matters.

“We are optimistic that with the appointment of the new Minister of Power, Works and Housing, we will witness the much-needed development in the housing sector. We also hope that the new FCT Minister will support companies like ours to give the good people of the FCT more quality and affordable houses by providing us with access to Land and the attendant Infrastructure.

“We are ready to partner with the Federal Mortgage Bank of Nigeria, (FMBN), the Federal Housing Authority (FHA) and other mortgage and financial institutions to provide affordable houses to Nigerians.

Source: Leadership.

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