27/07/2016
FALLING RAIN ESTATE, located at Olokonla-Ajah, behind the Lagos Business School (LBS), off Lekki-Epe express way, and in close proximity to land mark structures such as the popular Abraham Adesanya Estate, Pan African University, and Blissful Event Centre, is a middle-high income level residential community where construction works are currently on-going.
The gated community of about 2,000 housing units will be comprised semi and detached duplexes, bungalows, terraced houses and luxury apartments in a secured environment. The estate is planned for premium service delivery with facilities ranging from paved roads, water supply, sewage treatment, security network and patrol, pedestrian boulevard, club house, swimming pool, basketball court, lush green area, street lights and so much more. The topography of the land is flat, plain and non-marshy.
The Infrastructure proposed for the Estate will include the following:
1. Good Road Network.
2. Good Drainage System.
3. External Perimeter Fence.
4. Gate House.
5. Swimming Pool.
6. Street lighting.
7. Landscape and horticulture. Services to be provided within the estate include the following:
1. 24 hour back up electricity supply.
2. Potable Water Supply.
3. Central Sewage treatment.
4. Centralized Gas System.
5. Refuse disposal.
6. Security services. Falling Rain Estate Feature Topography:
1. Good, flat and plain lands.
2. Non- marshy land surface.
3. Metropolitan –styled regional plan.
Benefits:
1. Good road network plan.
2. Less than fifteen (15) minutes from Lagos State Free Trade Zone.
3. Close to Pan African University.
4. Organized layout that supports residential, commercial, educational, religious, establishments etc.
The Neighborhood / Location Advantages The Falling Rain Estate is primly located at Olokonla Village, off the Lekki-Epe Expressway in an exclusive neighborhood where nature meets the future. It’s an estate amidst beautifully notable development and attractive estates in the likes of Pan African University, Blissful Events Center, Abraham Adesanya Estate, Mobil Estate, Royal Estate and Crown Estate to name but few.
Falling Rain Estate Prices Land Sales Plots of land in our estate are significantly priced to be competitive with the current stock of properties of similar estates on the market in the Lagos State. The price per plot at Falling Rain Estate goes for N8,400,000.00 (Eight Million Four Hundred Thousand Naira Only) and N20,400,000.00 exclusive and inclusive of infrastructure costs respectively, with payment plan structured for the convenience and affordability of our esteemed clients within and across the shores of the country.
The property upon full payment and acquisition can be developed by our company or can be developed by individual owners themselves, adhering to set construction standards and quality.
Housing Units: Sales of these House types are presently offered off-plan at a discounted rate of the current market value with prices range from between NGN9,350,000.00 to N38,850,000.00 depending on the house type desired. The indicated prices covers the total cost for the property including cost of Land, cost of House in “finished state”, cost of infrastructure and cost of construction finance for the house. House types and Prices:
1 Bedroom Block of Flat: N9,350,000.00.
2 Bedroom Blocks of Flat (Type A): N16,850,000.00.
2 Bedroom Blocks of Flat (Type B): N18,650,000.00.
3 Bedroom Blocks of Flat: N26,650,000.00.
4 Bedroom Semi-Detached Duplex: N38,850,000.00.
Subscribers to this scheme will be required to contribute a minimum of 10% of the value of the desired house type structured as follows:
i. 5% bulk payment and; ii.. The remainder 5% spread equally over 12 months. iii. This arrangement is repeated annually until completion of housing units for delivery. Upon delivery of the housing units after a construction window of 3 years, subscribers will be required to choose the most suitable exit options as enumerated below:
• Subscribers have the options of outright payment of the outstanding amount either through self-financed or via mortgage or by the developer-assisted financing; • Subscribers who chose to pay outrightly or by mortgage will be granted immediate possession. • Subscribers who chose to pay outrightly or by mortgage will be granted immediate possession; • For subscribers who chose the developer’s financial arrangement, nominal interest rate will apply, and the outstanding amounts will be spread over a 7-year period post-delivery;
• Subscribers under the developer-assisted financing will be granted possession upon presentation of a letter from the bank, or any other approved guarantor, guaranteeing payment of the outstanding balance;Our objective is to make home acquisition easy and convenient for our subscribers by making their contribution as painless and affordable as it can be whilst transforming your dream of home ownership into reality. BENEFIT TO SUBSCRIBERS: Beautiful homes: tasteful designs, lush green landscape, serviced environments.
Attractive pricing: priced below current market rates, guaranteed to appreciate, non-fluctuating, all-in prices.
Convenient terms: Low deposits, convenient installmental payment plan and mortgage offers. Secure Investment: Real estate investment legally secured through lawyers, banks and underwriters. Exceptional customer experience. Pre and Post acquisition customer satisfaction guaranteed.
DOCUMENTATION PROCESS
The subscriber will be deemed to have purchased the house upon the payment of the initial deposit and shall be issued documents as follows:
Upon Initial Subscription Payment receipts
A Contract of Sale shall be executed between Bamah Nissi Multilinks Ltd and the subscriber. The company shall make available architectural drawing for the house type to the subscriber.
The company shall provide Survey Plan for the property to the subscriber.
Subsequent Subscriptions: Payment receipts
Upon Completion of Payments.
A Deed of Sublease Every other necessary and related 1document outstanding. Hurry while offer last. Please contact 08107120961 for more information.
