The estate is also offering for sale some plots of land on the site to interested individuals.
About the project
Falling Rain Estate is a
fully serviced housing estate that is meant for High Net Worth Individuals/the
Growing Middle Class. The site is located at the Olokonla, Eti-Osa Local
Government Area of Lagos State. It is a 40-hectare premium development behind
Pan Atlantic University / Lagos Business School - LBS, off the popular
Lekki-Epe Express way. As the name implies, it is borne out of the natural
blessings abounding in this location especially in its serenity and natural
vegetation. The site is firm, very ripe for development due to its advantageous
location and unrivalled infrastructure and landscaping coming with the estate.
It is a 5 minutes drive from the popular Victoria Garden City (VGC) Estate and
enjoys a good neighbourhood with Pan
Atlantic University/Lagos Business School, Lekki Gardens, Abraham Adesanya
Estate and Crown Estate to mention a few.
This Housing Project
involves the phased development of over 2,000 units of fully serviced luxury
apartments comprising of 1 to 3 Bedroom Blocks of Flat and Semi-Detached
Duplexes, with a state of the art infrastructure and recreational facilities.
The house types and price ranges from N9, 350, 000.00 to N38,
850,000.00 as follows:
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
The design of the site
layout for Falling Rain Estates has been taken into careful consideration and
properly harmonized to accommodate factors such as Building Scale, Cross
Ventilation, Vehicular Inflow and Outflow thus providing a serene and conducive
environment to complement the elegant lifestyle of subscribers and home owners.
PROPOSED INFRASTRUCTURE
The Infrastructure
proposed for the Estate which will be executed by Messers PW Infrastructure
Limited and Mitrelli International will include the following:
1. Good Road Network and walk ways
2. Good Drainage System
3. External Perimeter Fence.
4. Gate House.
5. Swimming Pool
6. Street lighting.
7. Landscape and horticulture.
8. Play areas
9. Recreational Centers
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.
7. 24Hours Estate Management Services
STRUCTURED PAYMENT PLAN
Subscribers of 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 out-rightly 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/ Land 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
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.
For further enquiries, please contact us on these
numbers:
01-4530866, 08167800001, 08124035555, 08151415555.
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