NEW grounds have been broken in the real estate market, with the launch of Praiseville Garden estate project, targeted at meeting the yearnings of medium income earners who crave for homeownership.
Praiseville, a residential development promoted by Praiseville estate in collaboration with Practical Habitat and E. B. International Nigeria Limited is located on 1.7 hectares of land in Ogudu Phase II extension in Kosofe Local Government Area. About two minutes drive to the third mainland bridge. The firm plans to adopt new building technology called Open Web Steel Joist in the construction of the estate.
The estate consists of four-bedroom townhouses, which are in blocks (four blocks of five units and eight blocks of four units). The development offers elegant architecture and rich amenities. According to the promoters, Praiseville Gardens Estate “forms part of the exciting new concept of lifestyle living inspired by the freedom of open spaces. The environment is dynamic with the perfect balance of nature and activities which makes it the ideal location for a family.”
Coming under four phases. The first phase consists of 52 units and the entire estate will gulp N1.9 billion. All rooms en-suite, and have steward / guest room, and family play room Amenities include swimming pool and gym, clubhouse, children playground, central sewage system, paved walkway, drains, water treatment plant, borehole, dedicated transformer, ample car space and mini mart.
The owner of Praiseville Estate, Rev. Benson Edward said at the open house conducted at the project site that the development will start in earnest. He said there is a plan for full-detached and semi-detached houses in subsequent developments within this area.
According to the Chief Technical Officer, Practical Habitat, Mr. Robert Paulson, disclosed that the building system “allows us not to have walls. With this we can afford to have the entire ground floor wide open. You can easily make a change if you want to make a change in your home. We do to use the straight flow block and we incorporate the beams and columns in the straight flow block. Bringing down the cost of construction depends on the type of technology that we are applying. You can’t get the exact number but you get the cost through the materials and the time saved.”
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