Zularich Properties Expands in Lagos with New Residential Development

Strategic Insights -

Zularich Properties, a real estate firm, has completed and handed over its new residential development, Zularich Residences, in Lagos. The move aims to address the 3.4 million housing deficit in the state and ease the rental burden on residents. The firm has also commenced the allocation of land for its Pineapples Estate in Imota, Lagos, as part of its growth initiatives. Dr. John Paul Enemuoh, the Chief Executive Officer of Zularich Properties, described the project as a model for excellence and professionalism in real estate, highlighting its uniqueness and affordability.

Key Takeaways:

  • Zularich Properties has completed its new residential development, Zularich Residences, in Lagos, catering to the 3.4 million housing deficit in the state.
  • The firm has commenced land allocations for its Pineapples Estate in Imota, Lagos, as part of its growth initiatives and home ownership accessibility.
  • Dr. John Paul Enemuoh, CEO of Zularich Properties, described Zularich Residences as a model for excellence and professionalism in real estate, emphasizing its unique and affordable features.
  • The project consists of multiple units of 3-bedroom terrace apartments and 4-bedroom fully detached duplexes.
  • Real estate experts, including Mr. Tony Aspire Kolawole, Chairman of the Lagos Chapter of the Real Estate Developers Association of Nigeria (REDAN), and Dr. Wale Ponnle, Chief Operating Officer of Gracias Global Homes and Property Ltd, have praised the project for its relevance to the city's housing needs.
  • One of the new buyers, Mr. Salami, appreciated the payment flexibility and quality of the property, which was paid for in installments over a year.

Statistics:

  • 3.4 million: the number of housing deficit in Lagos (according to Zularich Properties)
  • 1 year: the time it took Mr. Salami to pay for his 4-bedroom duplex in installments
  • Multiple units: the number of 3-bedroom terrace apartments and 4-bedroom fully detached duplexes in Zularich Residences
  • 4 years: the duration Zularich Properties has been in business before completing its first residential project

Sources:

  • "Completion of Zularich Residences: A Major Milestone" (Zularich Properties)
  • "Mr. Tony Aspire Kolawole at REDAN Lagos" (Real Estate Developers Association of Nigeria)
  • "Dr. Wale Ponnle at Gracias Global Homes and Property Ltd" (Gracias Global Homes and Property Ltd)