Lagos firm launches estate for low-income earners

A real estate company, AS Wonder Homes and Properties, has launched a low cost housing estate named ‘Iyanu Lagos’ for the benefit of low income earners in Lagos State.

The estate, which is located at Ketu-Epe, in Lagos, is aimed at addressing the housing deficit in Lagos.

Speaking with newsmen during the launch of the estate on Saturday, Managing Director of the firm, Dr Agbi Stephen, explained that the estate is meant to give low income earners an opportunity to own a house of their own.

Stephen added that the ‘Iyanu Lagos’ project is meant to offer both residential and commercial services to Lagosians in a bid to contribute to the commercial expansion of the community and Lagos State.

He stated that the company is working together with the Lagos State government and other private individuals to provide affordable housing for low-income earners in order to reduce the housing deficit in the country.

Stephen said, “With the approval of the Lekki-Epe International Airport by the Federal Government, AS Wonder Homes and Properties Limited has now joined the great number of enterprises contributing to the commercial expansion in the area with its Iyanu Lagos project.

“Iyanu Lagos is the firm’s fifth major estate in the axis, which includes Wonder Court Estate, where we are currently developing 1,000 housing units in the Oribanwa, Awoyaya area of Lagos, which is at 50 percent completion with residents already enjoying the facility.

“Iyanu Lagos will offer both commercial and residential services to Lagosians as we look forward to providing housing to accommodate the springs of development coming to the Epe axis.

“There is no doubt that Epe, due to numerous developmental projects, will make Lagos a megacity and expand development across all zones.”

“The ongoing projects such as the Deep Sea, Lekki Free Trade Zone, the International Airport, and the central food processing and storage facility, among others in the axis, have made Epe the next commercial destination for any investor who is looking for high returns on investment.

“Our company is working with the Lagos State government and other private individuals to provide affordable housing for low-income earners in order to reduce the housing deficit in the country. We intend to achieve this through a flexible and systematic payment plan that meets each individual’s earnings.”

Stephen, however, advised anyone who is willing to invest in real estate to carry out proper checks on the developer before investing to avoid regrets.