Nigerian real estate company Lekki Gardens has introduced a groundbreaking housing plan that allows customers to move into fully built homes before completing payment. This move deviates from the typical "off-plan" model, where buyers purchase properties before construction is completed and pay in installments over time. Lekki Gardens' new plan offers customers the opportunity to live in their homes while still paying for them, with prices below comparable properties in the market.
The company's strategy involves building ahead of demand, which requires a stable balance sheet, good governance, and long-term thinking. This approach is rare in the Nigerian real estate market, where half-finished sites and disappearing developers are common. Lekki Gardens has focused on providing value to its customers, with homes priced lower than similar properties elsewhere. The company's flexible payment plan for completed assets makes the deal even more attractive.
Lekki Gardens' offer is not limited to one location or project. The company has multiple brands and properties across Nigeria, including Villas De Paradis in Abuja and Horizon Estates in Lagos. Completed homes are available in various locations, such as Durumi, Dakibiyu, and Gudu in Abuja, and Oniru, Orchid Road, and Ajah in Lagos. This widespread offering suggests that Lekki Gardens is committed to changing the standards in the industry.
According to Richard Nyong, CEO of Lekki Gardens, the company's philosophy is centered around ensuring that customers get the best deal possible. Nyong has stated that a housing purchase is the largest financial decision most people will ever make, and that customers must be protected. Lekki Gardens' new plan reflects this commitment to customer satisfaction.
The company's innovative approach is likely to benefit families who have struggled with rising property prices. For investors, the plan offers an opportunity to enter the market at a lower price and enjoy higher returns in the future. By absorbing the risk of holding completed assets, Lekki Gardens is providing a unique solution for customers.
Lekki Gardens' move is a significant departure from the industry standard, where "off-plan" purchases are common. The company's willingness to hold finished assets and allow customers to pay later could change the way people buy homes in Nigeria. With its focus on customer satisfaction and innovative approach, Lekki Gardens is making a name for itself in the Nigerian real estate market.
The company's offer includes move-in-ready homes at a price lower than half of their value, with flexible payment plans available. This deal is likely to attract attention from potential homebuyers and investors. As the Nigerian real estate market continues to evolve, Lekki Gardens' innovative approach is likely to have a lasting impact.
Key points
- Lekki Gardens offers move-in-before-full-payment option for completed homes
- The company's strategy involves building ahead of demand and providing flexible payment plans
- Lekki Gardens' innovative approach could change the standards in the Nigerian real estate industry
