Firm offers real estate investment with 9% financing

The real estate sector is poised to witness a groundbreaking initiative with the launch of Madiba Countryside City, a 5,000-acre development designed to provide affordable land and housing options.

The initiative seeks to create a thriving countryside city in Obafemi-Owode, a fast developing town in Ogun State, with a unique interest rate of nine per cent per annum financing plan, which is touted as a game-changer in Nigeria’s real estate market.

Speaking on the project’s concept, the CEO of CommonSense Group, Dr Olumide Emmanuel, explained that affordability and authenticity were at the core of the initiative.

“Many people dream of owning land or homes but struggle to find genuine and affordable opportunities. That’s why we acquired 5,000 acres to build a city where everyone can own a plot, an acre, or even more. It’s about giving people an investment that can bless them during their lifetime,” he said.

Located in Obafemi Owode Local Government Area of Ogun State, Dr Emmanuel noted that the city will feature residences, a retreat center, and a resort, including amenities like wellness centers, theme parks, film villages, and farm estates. The project, he said, is designed to cater to residential, recreational, and commercial needs, offering what he calls a “reside, retreat, and resort” lifestyle.

“We want families to visit as they would Disney World during holidays,” he noted.

The real estate industry in Nigeria, Dr Emmanuel asserts, faces significant challenges, particularly due to limited government support. He, however, urged the government to create an enabling environment for private-public partnerships to thrive.

He also emphasised collaboration with government and community leaders to ensure the project’s success. “The local government chairman, councillor, and even the king are part of this project to ensure it benefits the community. However, a stable policy framework is crucial,” he added.

While acknowledging the risks of policy changes, Dr Olumide, who is also a wealth creation coach, remains optimistic, stating: “We can only do our part and work closely with the government to mitigate risks. We hope this project will be a model for sustainable development.”

The development is also incorporating innovative energy solutions. CEO, Prenedos Power Ltd., Denedo Emmanuel, underlined the project’s transformative potential. “This initiative is inspiring and life-changing. We are handling the electricity component, ensuring reliable power supply, just as we’ve done in previous projects with Dr. Emmanuel. This is an opportunity the public shouldn’t miss,” he said.

What sets Madiba Countryside City apart is its financing model according to the CEO of AssetPlus, Osho Abiodun, who highlighted a groundbreaking nine per cent per annum financing offer.

He said: “This is the first of its kind in Nigeria. While other countries offer single-digit mortgages, Nigerians have had to contend with rates as high as 30 per cent. We’re changing that narrative by financing property acquisition—land or houses at just nine per cent with no hidden charges.

source:

thenationonlineng.net