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Inclusive Concrete and Engineering Builds Excellence Estate

Architectural view of the Excellence Estate
Posted: Jun 3, 2016 at 1:08 am   /   by   /   comments (0)

Nkasiobi Oluikpe


Lagos – As developers along the Lagos-Sagamu stretch of the Lagos-Ibadan expressway are beginning to add classy designs in their construction processes to ensure faster uptake, one of them, the promoter of Excellence Estate, a new low-density community that is evolving in Arepo, off the Lagos-Ibadan expressway, has taken to rendering high quality homes, complete with lush green areas that will replicate the ambience of Ikoyi.

Excellence Estate, a 15 minutes drive from Alausa Central Business District, is modelled after the low density ambience of Ikoyi in Lagos, and located close to the Journalist Estate at Arepo. The project is being built on 20-acres of prime land. Already, construction work has started on site.

According to the Managing Director of Inclusive Concrete and Engineering Limited, Engr. Misbau Opeyemi Aminu, promoter of the exquisite estate, the construction project has a completion period of three years. Prospective investors are guaranteed a million naira payback deal on construction cost.

He stated that Inclusive Concrete and Engineering Limited, a building and civil engineering construction company established in 2008, has worked with both the private and public sectors, various other organisations like Zenith Bank, GTB, Vitafoam, the Lagos state government, and many more.

The company is said to bring its wealth of experience in various fields of construction, both in the public and private sectors to bear in the development of the Excellence Estate, he said.

Opeyemi-Aminu stated that the success of the company’s previous projects gave rise to Excellence Estate.

“The company is out to doing things right, as well as following proper routine. These tenets have kept the company ongoing for a long time. We are not developers, but a construction company with integrity,” he said.

A further explanation reveals that Excellence Estate is a combination of horticulture and aesthetics. It comprises homes that are fully detached, semi- detached, terraces, and block of flats.

The estate is subdivided into two; the built-up area, which is about two- thirds of the land, and the site and services plots that form about one-third of the land, he said.

He stated that the built-up area would be strictly regulated and fully designed. “This property is sold either as a building or acquired land, which is developed in accordance to laid down regulations and design. The other one-third affords the buyer with the flexibility of personal designs.”

However, he maintained that the structural elements of these buildings are not negotiable.

“The regulation will begin from foundation, frame structure, slabs, among others, in order to ensure the security of the buildings.”

Also, he pointed out that the entire estate was service-driven, and so its pristine nature is not negotiable. “The horticulture, that is, the green areas are also not negotiable.”

“Other facilities in Excellence Estate would include, a shopping mall, church, mosque, school, hospital, corner shops and the recreational facilities like the park/green park”, he said.

Highlighting that a pay-back value was an incentive given to potential buyers, Opeyemi Aminu noted that it is in the form of discounted amount that will be given to them during construction of the buildings.

These, he said, will include, but not limited to expertise services and cement provision, which will be provided to them at discounted rates.

According to him, there is tight security provision for the estate. Aside the estate being fenced round and having a gate, there is provision for CCTV monitoring the entire premises, security officers, as well as the presence of Divisional Police, he said.

He hinted that the buildings could be bought in stages either as; carcass, semi-completed, or the completed stage. The completed building is targeted at people in the diaspora who are expected to buy and just move into a completed decent apartment.

The promoter added that the carcass stage of a 3-bedroom apartment goes for N9 million; semi completed stage of same is at N12 million; while the completed stage of the apartment goes for N16 million. The fully detached comes with 2 BQs; it goes for N24 million at carcass stage; N34 million at semi completed stage; and N45 million at completed stage.

Others include, the semi- detached with a BQ at N17 million carcass stage; N23 million for the semi completed; while the completed building goes for N31million. The terraces also come with a BQ at N12 million at carcass stage; N14 million at semi completed stage; and N17 million for the completed building.

He stated that the mode of payment was flexible as 30% could be paid up front, while the balance is spread through 18 months. The Excellence Estate project is being financed by Zenith bank.