Chateau Royal Tasks Govt on Quality, Affordable Housing
Real estate firm, Chateau Royal, has urged government to play a significant role in reducing the housing deficit in the country.
According to the firm, a collaboration is needed between real estate firms and government towards providing affordable and quality housing in Nigeria.
This was as he cited the cost of lands, building materials, construction and labour as some of the challenges faced by the built industry.
The call was made by the Chief Executive Officer (CEO), Oluwatobi Osonuga, at the Halleyvine Residence house opening in Lagos.
“Ours is a peculiar business environment where a developer has to buy land at an exorbitant price, perfect the documents for the said land at more cost and still source for funds, and labour at an outrageous cost without any assistance from the government. Unfortunately, the current economic realities of the country have not helped the built industry, as the cost of construction has gone up exponentially.
“We need more partnerships if we are to significantly ease the burden of the housing deficit in Lagos. We need more public/private partnerships. We need to realise that our common enemy is the homelessness plaguing the state and collaborate to fight it. Together we can build homes for every Lagosian,” he was quoted by Guardian.
Speaking about the residence, Osonuga said: “As our flagship project, we knew we could not be mediocre in quality, especially with the unfortunate but reoccurring sub-standardisation within the industry that has led to terrible tragedies in the recent past. Hence, we spared no cost in making sure that our processes are nothing but premium from prepping the site to the foundations testing, roofing, and quality control.
“In Halleyvine Residence, we aimed to create a world where luxury meets tranquility, where architectural marvels blend seamlessly with natural beauty, and where dreams come alive. It is not just brick and mortar. From carefully curated architectural designs to meticulous engineering and tasteful designs, we have built a quality edifice that will redefine luxury living and set new benchmarks in architectural excellence whilst maintaining the core of the African system, family and communal living.”
Meanwhile, the Chief Executive Officer of Millard Fuller Foundation, Sam Odia, has reiterated its commitment to contribute significantly to Nigeria’s stock of affordable homes.
