How rail­way changed Dan­tata’s es­tate de­sign

Daily Trust - - PROPERTY -

Alh. Al­has­san Ab­dulka­dir Dan­tata is the Chair­man, Dan­tata Town De­vel­op­ers, an Abuja-based real es­tate de­vel­op­ment com­pany. He ex­plains the progress of works on the Kubwa hous­ing es­tate be­ing de­vel­oped in phases.

When did the Kubwa hous­ing pro­ject com­mence? The pro­ject started in June 2012 with about 630 units con­sist­ing of twobed­room, three-bed­room and du­plexes. In Phase one about 90% of the houses has been com­pleted and about 50 fam­i­lies are presently oc­cu­py­ing some of the houses.

Did you en­counter any chal­lenges dur­ing the con­struc­tion of the phase one?

When you are do­ing this kind of pro­ject you must en­counter some chal­lenges but mostly our chal­lenges have to do with ex­ter­nal fac­tor like elec­tric­ity which is sup­posed to be pro­vided by gov­ern­ment, also wa­ter. In case of elec­tric­ity, we had agree­ment with NDDC who were do­ing some sub­sta­tions and were look­ing for a place to build them. We en­tered into agree­ment with them to give them land and they in turn wanted a place to build their sub­sta­tion, but up till now they have not ful­filled their own part of the agree­ment which cost us some ad­di­tional un­bud­geted costs.

For wa­ter we have con­nected all the houses but some­times get­ting wa­ter from the Wa­ter Board is a chal­lenge.

Also, we have chal­lenge with the rail­way which passes through our es­tate. They wanted to have a sta­tion there which meant hav­ing us re-de­sign houses af­fected by the sta­tion. But they have com­pen­sated us for some of the in­fra­struc­ture we have built there. But we have man­aged these chal­lenges and it is now al­most com­pleted.

What about in­fra­struc­ture, have these been pro­vided?

Yes, elec­tric­ity and wa­ter. Also the road net­work has been built by our sis­ter com­pany Dan­tata & Sa­woe but there are still some roads that have not been fin­ished maybe in the next cou­ple of months.

Are some buy­ers buy­ing purely for spec­u­la­tive rea­sons?

Yes, some bought our plots and houses and are now selling same in the sec­ondary mar­ket at a higher rate. When we started, we sold some of the plots at N3.6 mil­lion in­clud­ing in­fra­struc­ture but they are now go­ing for N7 mil­lion.

What about phase two, have you started work?

We have not phys­i­cally started phase two but due to pres­sure and de­mand from the public, we will hope­fully start in the next few weeks. We have about 200 houses and we have started tak­ing de­posits. The area is about 60 hectares for both phases one and two, but the houses in phase two are not as many as those in phase one. In phase two there are two bed­rooms, three bed­rooms and du­plexes just like in phase one.

The pay­ment for the houses could be done in in­stall­ment, you can pay a min­i­mum of 30% and the bal­ance could be spread within 18 months, it’s a tai­lor made ar­range­ment so clients can pay at their con­ve­nience. Cor­po­rate bod­ies who are also in­ter­ested can of course come for­ward.

What are the prices of these houses?

The min­i­mum is about N13 mil­lion and the high­est is about N35 mil­lion, we have car­cass model houses where you buy just the shell, you do your fin­ish­ing ac­cord­ing to what suits your taste, we are in­tro­duc­ing this in our phase two, it didn’t hap­pen in our phase one. For those that want our stan­dard fin­ish as an op­tion we do it for them.

Will the rail ter­mi­nus re­ally af­fect the es­tate neg­a­tively?

The es­tate have been dis­sected by the rail­way but when you look at what is hap­pen­ing in Europe and other de­vel­oped coun­tries rail­way adds to the ad­van­tage of any res­i­dence, res­i­dents don’t need to bring their cars into Abuja, you just leave your car be­hind and walk to the sta­tion, the rail adds value to the es­tate, in Europe the value of houses go up in such ar­eas. Our re­main­ing land that was af­fected by the rail­way we are con­vert­ing it into com­mer­cial ac­tiv­ity.

Al­has­san Ab­dulka­dir Dan­tata

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