Developer assures investors of title documents in Lagos scheme
TOWARDS bridging the over three million housing deficit in Lagos, a property firm, Messrs Hybrid Landtech, has unveiled a new scheme that provides Lagos State government’s Certificate of Occupancy ( Cof- O) to buyers of its housing units in the Epe axis.
The firm, which is the developer of Havens Cottage Estate, said the initiative would ensure ' true ownership' of the estate with reduced risk of government intervention in the future, adding that the project marks the first of its kind in the Epe axis, which is traditionally designated for farming and fishing.
The Chief Executive Officer/ Co- founder of the firm, Oyeyemi Olodun, who spoke at the unveiling of the project, explained that the Havens Cottage’s C- of- O offering was designed to streamline the process of access to homes and provide buyers with enhanced security for their investments.
Beyond secured C- of- O, the project offers several other amenities that include developed infrastructure featuring machine- landscaped dry land, perimeter fencing with gatehouse, and drainage systems, on- site water borehole system, reliable water supply, off- plan home offering, and access to major higher institutions and highway within the state.
According to him, the initiative is a significant development for the Epe property market, emphasising that the firm ensured due diligence to secure a residential property within the zone, thus, enabling it to acquire a residential certificate of occupancy.
"This makes Hybrid Landtech the first developer to achieve this feat. By providing C- of- O with each plot, we offer buyers the peace of mind and legal protection they deserve. We believe that lands should not be converted to residential or commercial use without proper government approval. This is also the position of Real Estate Development Association of Nigeria ( REDAN), which Hybrid is associated with,” he said.
The real estate market in the Epe and Ibeju- Lekki axis has continued to shape up as one of the most indemand triggered by major private and public investments. Market growth and infrastructure in Epe, located on the north side of the Lekki Lagoon have witnessed significant growth in recent years due to its proximity to Lagos and ongoing infrastructure development.