• Tuesday, November 12, 2024
businessday logo

BusinessDay

Landwey debunks allegations of property delivery delay, reassures buyers

Developer deploys 3R model for waste management at Royal Palms Villa  ANIEFIOK UDONQUAK, Uyo  Jofame Integrated, the developer of Royal Palms Villa, a private estate being developed in Akwa Ibom State, says it is set to deploy best practices in its waste management systems at the estate. The estate is designed to be sustainable and compliant to human waste management using the  Resource Recovery and Rescue (3R) model.  Gideon MfonAbasi,  Jofame Integrated’s CEO, explained recently at the unveiling of the estate promises to be one its kind, adding that it is designed to manage its sewage and organic waste without heavy electro-mechanical components.  “The  anaerobic central  sewage treatment plant will treat, digest and convert biomass, sludge and biodegradable materials into biogas and nitrogen-rich liquid fertilizers,” the chief executive said.  The  eco-friendly and  green technology housing system, according to him, will reduce carbon foots in the state in response to SDG Goal 6 which  ensures sustainable management of water and sanitation.  The Villa which is strategically located on a 3.67-hectare prime land, is just minutes away from Ibom Icon Hotel and Golf Resort,  Nwaniba, Uyo. It will be equipped with fiber-to-home connectivity, and state-of-the-art energy-efficient lighting materials.  The company says it is out to democratize real estate by making the estate available to more people. “Royal Palm Villa provides a unique blend of safe and secure community living that welcomes its residents to feel at home.  “The beautifully landscaped garden behind the living areas will provide a unique, healthy and natural environment for recreation and also for the use of children to play with their friends,” the CEO said.  Continuing, he said, “the estate offers studio flats, 1 & 2-bedroom terrace apartments; 3, 4 & 5-bedroom detached apartments, club house, gate house/ utilities, and recreational areas. It  also boasts spacious living areas, kitchen /store, and office.”  MfonAbasi explained  that construction was already underway for a range of apartments, including studio apartments and five-bedroom detached units, adding that power lines were being installed with plans for over 150 apartments.  “This is the first  of its kind in Akwa Ibom State;  we are building a green compliant residential estate and we intend to work with International Finance Corporation (IFC) to own a green compliant certification.  We are working on a residential project that is going to be tech-driven, energy efficient and fully serviced and gated,” he said.  He recalled that in the last few years, they have looked at the state and seen that the real estate business is non-existent or primarily for the billionaires to benefit from, adding, “in reality, real estate is meant to be something for everyone and what our company is planning to do is to democratize real estate and make it available to more people.”  “Our company is committed to open up more space and challenge the statue-quo and be able to bring wealth to a greater number of Akwa Ibom people.  “We also believe that creativity and innovation is birthed in a serene environment and our commitment is to bring that kind of environment to Akwa Ibom State, where services work, where you are not bothered on how to get power.  “We have been doing it in the last ten years, we have two developments in Lagos State, one of it is a 3.3 hectare development and the other one that is ongoing is a 30-hectare development and right on Lekki-Epe Express Way.  “We felt that it was time to do it in Akwa Ibom State and we got a location that is exciting, a location that connects with our brand value, that is, live, work and play. Of course, you know that the Golf Course is a rallying point in Akwa Ibom State,” he said.  On other key features  of the estate, MfonAbasi listed drainage, security, paved roads, CCTV, play areas, greenery, streetlights. He also listed recreational amenities to include a lawn tennis court, a 5-a-side football court, and various sporting facilities, scheduled for  completion  before the second quarter of 2024.

Authorities of Landwey, a frontline real estate development company in Nigeria, have debunked allegations of prolonged delays in the delivery of property already paid for by buyers.

The authorities, in a statement in Lagos at the weekend, reassured all stakeholders of delivery of all pending projects, blaming the seeming delay on its new reality which it is adapting to.

The company had been accused by one of its clients of delaying the delivery of his property despite payment. The client, who took to an online publication to vent his anger, said he was yet to take possession of his property 21 months after.

The company has, however, appealed for patience and understanding, explaining that the project delays and setbacks were caused by the dearth of competent workers capable of delivering at the expected standards and quality.

It recalled that it has always maintained routine communication with all stakeholders internally and externally with periodic updates to prevent a communication gap that could easily be misinterpreted.

Read also: Experts seek financial opportunities for women in real estate sector

“It is rather distressful that we are now seeing shortage of competent local talents at different levels of construction. We realise how valuable time is in our industry as it often translates to monetary value; however, we hope our clients show understanding as we adapt to this challenge,” Seun Eyitayo, the company’s COO, said.

Eyitayo assured that, as a leading construction and real estate investment organisation, Landwey remains committed to providing, on consistent basis, international quality standards to its customers which is visible in its ongoing projects, including Millennial Town, The Apartment, Urban Prime, Northville Estate, and The Milton Estate.

“The brand continues to stand by its ethos of excellence, accountability, transparency, and integrity as it strives to express these principles in the entire value chain of its offerings,” he assured further.

He urged the general public to be rest-assured that concerns raised would be addressed accordingly, while further improvements were being made in providing continuous updates to all relevant stakeholders.

SENIOR ANALYST - REAL ESTATE

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp