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Name: Peninsula Garden Estate
City/Country: Lagos/Nigeria
Use: Residential
Status: Ongoing

Femab offers options in Peninsula Garden Estate

Home, as it is popularly conceived is where the heart is. FEMAB Properties Limited realizes this and emphasizes it in the underlying philosophy of its Peninsula Garden Estate. In conjunction with Metropolitan Bank and HSLM Trust & Associates Limited, FEMAB is promoting the real estate scheme, which it calls an "Ideal Neighborhood".

The mixed class estate is located in Ogombo Village along the popular Lekki-Epe Expressway, near the permanent site of the Lagos Business School. It seats on a land expanse covering 22.5 hectares and on offer are 200 exotic plots many of which are gone already. The estate is a fenced, thoughtfully planned residential estate complemented with all the necessary infrastructure and the facilities that make life worth living.
Tantalizing options

Interestingly, as if in keeping along the line of the ideals of a democratic dispensation, FEMAB offers several optional schemes in its elaborate and futuristic estate. The first option is the site and service scheme, which places on offer undeveloped plots of land that have been well laid out within a network of infrastructure. This is the self-build option. The second one essentially offers the purchasers the opportunity to have the company build the house for them on the plot purchased and thereby take away the inconvenience of having to do it themselves. In order to cut down on the cost of construction, FEMAB requires its prospective homeowners to work hand in hand with the firm of architects and builders to ensure that the design and construction methodology conforms to the standard requirements of the promoter. A third option, which is very similar to the second one, is that which requires the homeowner to pay outright for a completed building. In every case, FEMAB offers land issued with a certificate of Occupancy that is free of encumbrances.
Building Designs

For those that settle for the second scheme of having the company develop their purchased plots and build the houses for them, several designs are also put on the card for them to choose from. They include 5-Bedroom detached houses, 4-Bedroom detached houses, 4-Bedroom semi-detached houses and 3-Bedroom Executive flats.
Good finishing is planned for the houses. Each unit will be gated and landscaped in greenery and interlocking paving stones. They are lovely designs that offer unhindered view of the ocean waters and allow good ventilation. It provides for ample parking space and a carport for the detached units.

Facilities of infrastructure planned for the estate include roads paved with interlocking stones, central water/sewage system and central refuse disposal system. The electricity supply will be uninterrupted that will have NEPA (mains) supply effectively backed up with standby generators of appropriate capacity. Also proposed for the estate are Telephone interconnectivity and Internet connectivity. Others are functional drainage system and 24-hour manned security system. A gymnasium and some other recreational facilities will be provided as well as a hospital that will cater to the health needs of the estate residents. Efficient professional management of the Estate will be conducted from the service office located within the estate premises.

Cost Advantage & Mortgage
The FEMAB offer comes with some unique cost advantages. In relative terms, its prices are fair and affordable with minimum standard plot at N4million per plot. Payment may be spread out in three tranches in the ratio: 50 per cent initial deposit, 30 per cent further payment when the internal finishing commences (for the building scheme) and the balance 20 per cent to be paid before handing over of the completed house. Mortgage facility is also made available for those who want to realize their housing dreams but do not have enough money.

Auxiliary Services
What is more, FEMAB also avails its clients of the support service provided by its subsidiaries such as Shelter First Associate, who are architects, which can design the houses and Crystal Blocks that produces blocks, and other materials needed in construction works.
The company has long term plans to sustain the high standards of the estate which informs the reason why it is selective of those persons who become residents of the estate. Its target market comprises professionals in telecommunications, banking and energy as businessmen operating in the direct and indirect service industry.
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