The Ogun State Property & Investment Corporation (OPIC), which is presently celebrating its 30 years of existence with a flurry of activities, has been exploiting inherent benefits of the state’s proximity to Lagos.
A handful of real estate developments by the Gateway State have of recent emerged, taking into consideration that a considerable amount of top executives of Ogun State-based companies reside in nearby Lagos.
Consequently, OPIC has initiated a series of estates not just to address residential needs, but also commercial as well as industrial.
For instance, the New Makun City will offer recreational centres and warehousing for industries along the Lagos-Ibadan Expressway. It is designed to be a catalytic hub with standard recreational facilities like nature and amusement park in the heart of the Sagamu interchange.
The city, on completion, will deliver four residential districts, one educational district with zones for day and boarding facilities, three commercial districts, which include a regional/shopping/bazaar district, a multi-purpose convention centre and a light industry district.
The site clearing, mapping and delineation along with drainage works for the initial phase of the estate that commenced in March 2014 is still ongoing, adds OPIC officials, adding that a special anniversary promo sale of N2.5 million for 648sq.m is on for interested investors.
Similarly, OPIC is close to completion of the Orange Valley Estate, which is located in the government business zone of Oke-Mosan in Obasanjo Hilltop, Abeokuta. The estates provides facilities like commercial club house, swimming pool, 24-hour power supply, potable water, gymnasium and broadband data services.
OPIC boss, Babajide Odusolu, disclosed that while the first phase is nearing completion, the second will take off soon. The project commenced in January 2014 and the first phase comprising 50 units of four-bedroom semi-detached houses have been completed. The setting out of the second phase has commenced with bush clearing, ongoing construction of extended culvert bridge guarded by a natural gully and about 40,000m3 of sandfilling.
Furthermore, the New Dawn District, located within the OPIC Estate in Agbara/Igbesa, features two-bedroom terrace bungalows and three-bedroom detached bungalows. Construction of 30 units of two-bedroom terrace bungalows are nearing completion.
Each unit is fully ensuite with services being communally designed. While the tw0-bedroom terrace bungalows are going for N7 million, the three-bedroom detached bungalows sell for N16 million. Aspiring beneficiaries are to make an initial commitment of 20 percent of the total cost.