SOURCE:
PM NEWS
Lagos State Government Officials and EchoStone Director in Peridot House
Managing Director, Echostone Development Nigeria, Mr Sammy Adigun has described Badagry where Lagos State government is building its
first green and eco-friendly estate as the future of the state, adding that the Echostone took advantage of the history of the town and available infrastructure to come up with the novel project.
Adigun stated this on Thursday during a site inspection of the
Peridot Parkland Estate by Commissioner for Housing, Moruf Akinderu-Fatai before the close of the first quarter of this year. on Thursday in Badagry.
Adigun further urged people to buy houses in the estate now and pay later, as the value of the houses would double in the next five years.
Badagry is the future of Lagos. When you talk of Lekki 30 years ago, that is what Badagry is today, it is even 10 years away from blooming. The road passed you passed from the airport to this place is 68 kilometres, while from the airport to Ajah is about 80 kilometres, so it is actually closer to come. When the expressway is completed the travel time from the airport will drastically reduce.”
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Abandoned to fate by successive governments, the ancient city of Badagry has been bereft of any meaningful property investment. However recent infrastructural developments spearheaded by the Lagos State government have ignited growing interests among investors in the once docile city.
With the discovery of oil, ongoing reconstruction of Lagos- Badagry Express way, relative peaceful environment, and cheap expanse of land, the axis is heralding a robust real estate development despite the lull in Nigerian property market. The historical city now offers a ray of hope for property investment with developers and realtors coming with different incentives to take the large chunk of the bounty.
The axis, comprises of Ajara, Mowo, Badagry, and Agemowo Village, is now witnessing investments in the excess of $5 billion with an avalanche of private developments.
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Efforts at reducing housing shortage in Lagos have received a boost with the construction of 252 housing units at