As the commercial capital of Nigeria, Lagos population, which is estimated at well above 20 million, is becoming a socio-economic burden on infrastructural delivery, particular on housing delivery.
The Lagos State Commissioner for Housing, Prince Gbolahan Lawal while expressing serious concerns over the housing deficit in Lagos state which he has put at three million units, hinted on the State Government’s plan to provide 20,000 units of houses for Lagosians.
In view of this and as a step towards mitigating the housing challenge in Lagos, the Oloto Royal Family and the Miranda Family, alongside all stakeholders, on Tuesday the 5th of March
2019, officially handed over a 13,000 square meters of Land, strategically located at Adekunle, Yaba, to Mainstone Construction Limited for development.
Speaking on the occasion of the handing over and ground breaking ceremony, the spokes person for the Oloto Royal Family, Otunba Tomori Williams made it clear that the focus is to ensure there is development on the land to curb the problem of housing deficit and to ensure every stakeholders benefit from such development.
Speaking on the development, Mr. Olawale Omolade, a representative of Mainstone Construction said the project, which has been named ‘The Meranda Estate’ as a way of honouring the Miranda family, is the latest addition to the Mainstone Construction projects. It comprises of one hundred and forty three (143) units of two, three, four and five bedroom housing units. These highly sought after residences will offer the best of worlds, superior comfort and high returns on investment.
The Estate is properly positioned and bounded by the access road to the 3rd Mainland Bridge, ensuring quick connectivity to Ikoyi, Victoria Island, Lekki peninsula and environs.
