On-going development of Crimson Court, Jericho GRA, Ibadan, Oyo State
In a novel move to increase the housing stock, a property developer, Structuracasa has announced plans to complete its new affordable residential development situated in the exclusive Jericho GRA in Ibadan by December.
The project, known as Crimson Court, which has been designed for well-heeled clientele and discerning investors with sophisticated taste, comprises of three buildings each, containing four terrace homes arranged in town house style. The mini-estate is located is near the Forestry Research Institute of Nigeria (FRIN) and Nigerian Institute of Horticultural Research (NIHORT).
Essentially, each of the 12 terrace units will be arranged on three floors with four en-suite bedrooms and outdoor terraces. Each unit will also have an attached maid’s room. The modern architectural style has light filled spaces through large expanses of glazing. Ceilings soaring up to 3.6 meters and double volume spaces.
The estate which sits on over one acre of land, shall have 24/7 security, adequate parking space, adequate drainage, constant water supply, piped gas supply, back-up power generator, serene landscape, swimming pool, and children’s play area.
The Managing Director, Structuracasa Nigeria Limited, Jade Alade, an architect, told The Guardian that two ‘Show Houses’ will be ready in October. “Buyers have option to determine their internal finishes such as floor tiles and wall paints as well as customized wall robes and kitchen cabinet, “ he said.
The company is adopting structured installments or lump sum. Early buyers during construction will enjoy price discounts. Prospective subscribers will pay 50 per cent down payment while balance is expected on delivery. Each of the unit goes between N70million and N80 million.
Alade disclosed that the company plans to continue the production of houses in Ibadan in Oyo State, Lekki Penninsula and Victoria Island in Lagos. “The original inspiration is to provide homeownership for Nigerians and companies with efficient and compact housing solutions,” he said.
On why he kicked his project in Oyo State, Alade foresee the migration of retirees to Ibadan as Lagos gets congested and government provides infrastructure like better roads and rail link to the old city.
