Confidence in Lagos real estate market on the rise, says Olusegun Adebayo

As demand for quality housing continues to rise across Lagos’ expanding coastal corridor, the Chief Executive Officer of Harmony Group, Olusegun Adebayo, has unveiled two new residential developments in Abijo GRA, Lekki, in a move aimed at strengthening the company’s presence within Nigeria’s evolving property market.

The projects were announced recently at Harmony Stores, Shoprite Ajah, Lagos where Adebayo highlighted the growing attractiveness of the Lekki Abijo axis as one of the state’s fastest developing residential and investment destinations, according to a statement

According to him, the decision to expand within the corridor was influenced by increasing infrastructure development, population growth, and sustained investor interest in the area.

“The demand for modern housing within the Lekki corridor continues to grow. We are seeing increased interest from both homeowners and investors who recognize the long term potential of this axis,” Adebayo said.

One of the developments comprises 12 units of two bedrooms apartments and two units of three bedrooms duplexes with boys’ quarters located within a gated estate in Abijo GRA. The company also unveiled His Grace Residences II, a separate residential project designed to cater to the growing middle and upper middle income housing market.

Both projects incorporate smart home technology, security infrastructure, and modern residential facilities, reflecting a broader trend within Lagos’ real estate sector toward technology enabled living environments.

Industry stakeholders at the event noted that developers are increasingly shifting attention toward the Lekki Abijo corridor due to ongoing infrastructure projects, improved road connectivity, and the area’s emergence as a preferred residential destination for professionals and investors.

Adebayo said Harmony Homes remains committed to contributing to housing development while creating residential communities that combine convenience, security, and long term value.

The latest expansion comes as developers continue to position themselves within Lagos’ rapidly changing real estate landscape, where demand for planned residential communities remains strong despite broader economic challenges.

The media briefing, the statement said  was attended by property stakeholders, investors, and members of the press and was facilitated by Social Media Centre Marketing (SMC).