FALLING RAIN ESTATE

FALLING RAIN ESTATE

                          

A synopsis on the development of 4 bedroom semi-detached duplex in Falling Rain Estate, Olokonla.

                               

Prepared by: BAMAH NISSI MULTILINKS LIMITED

PROFILE OF PROMOTERS

Bamah Nissi Multilinks Limited is an indigenous and versatile real estate development, investment and management solutions provider with a global focus. The company is in the business of providing world class estate development, housing and ancillary financing solutions for the purpose of delivering quality housing and infrastructure in various forms within the shortest possible period.

It was incorporated in September 15, 2006, is currently involved in various real estate and services in Nigeria especially in Lagos State, Bamah Nissi Multilinks Limited also employ an aggressive and innovative sales strategy to achieve investors/project promoters’ objectives.

ABOUT THE PROJECT

Lekki Peninsula is the fastest growing development zone in the whole of Africa, since 1989, when the Peninsula was opened up for development with the birthing of Lekki Scheme 1 residential community, hundreds of millions of dollars of real estate assets have been created and a lot of millionaires made in the process. From a sandy swath of land sparsely populated by farmers and fishermen, an urban metropolis has sprung forth; today Lekki enjoys a 6 lane highway which will bisect the Peninsula from Mobil HQ all the way to Epe. It is home to hundreds of thousands of multi-family residences, millions of square meters of office space, worship centres, nursery, primary, secondary and university campuses, Lekki has grown so much that the average upwardly mobile middle income earner nurses the aspirational goal of buying or renting on the Peninsula.

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 of 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:

• Good, flat and plain lands
• Non- marshy land surface
• Metropolitan –styled regional plan.

Benefits:

• Good road network plan
• Less than fifteen (15) minutes from Lagos State Free Trade Zone.
• Close to Pan African University.
• 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 N15,000,000.00 (Fifteen Million 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. Below, is a detailed payment plan, carefully designed to make property acquisition easy for our valuable customers.

FALLING RAIN ESTATE LAND PAYMENT PLAN

(Exclusive of Infrastructure)

	COST PER SQM	LAND SIZE	TOTAL COST PER PLOT	DISCOUNT ON TOTAL COST	DISCOUNTED PRICE	INITIAL PAYMENT OF 30%	BALANCE AFTER INITIAL PAYMENT	MONTHLY PAYMENT
OUTRIGHT PAYMENT	N25,000	600sqm	N15,000,000	5% (N750,000)	N14,250,000	_	_	_
4 MONTHS	N25,000	600sqm	N15,000,000	3% (N450,000)	N14,550,000	N4,365,000	N10,185,000	N2,546,250

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

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 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;

• 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 document outstanding

Layout Plan

We have put in a place an extensively pre-marketed plan and sales strategy that will enable subscribers acquire their own houses at terms tangent to or compete with what obtains in Europe, America and other developed economies.

The structure we have planned, and the unarguably enormous growth potentials of the real estate sector in Nigeria, which will continue to simulate housing demand and drive real estate development in the country, will serve to make this carefully planned project a big success as envisaged by us.

We anticipate your favourable disposition to our proposal.

Contact Information

Tel: +2348036182865

Email: goke.adebisi@gmail.com