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Infrastructure lifts Ikorodu as new destination for investors, first-time buyers

Before now, not many investors and home buyers would opt for the Ikorodu property market, and the simple reason was because of the constant traffic jam on that axis. That story has now changed with the hope for the completion of Mile 12-Ikorodu Road construction expected to open up the axis and lead to a rush and hustle for accommodation in that axis.
From all indications, the focus of Lagos State government for development and urbanisation is now on the Ikorodu axis with the ongoing Ikorodu Road construction sponsored by the World Bank. In other words, the next phase of government concentration for development is this axis after the Lekki-Ajah and Badagry.
It is against this backdrop that Bondbar Investment Limited is offering investors and first-time home buyers opportunity to earn high return on their investment (RoI) in the real estate market, precisely in the Ikorodu axis.
Bondbar Investment is a real estate investment and development firm presently operating two estate projects known as Gloryland Estate Ikorodu, located at Salabo along Itokin/Ijebu-Ode Road, opposite Caleb University, and Gloryland Homes Simawa, situated behind the RCCG Redemption camp ground.
The benefits and reasons for investing in this axis, according to officials of the company, are explained by the fact that Ikorodu is the next focal point for development in Lagos State, contending that the axis is one of the viable real estate investment markets in Lagos mainland area considering its vast land mass, natural terrain and topography for high net-worth individuals.
“Ikorodu is a central and strategically located business hub good for relaxation, leisure and domestication; investors are guaranteed quick appreciation of property value; rental real estate is a forced retirement plan; increased tax deduction strategies; tax write-off against your other income; tax-free cash flow are some of the benefits of investing in this axis,” Paul Oghenejabor, an official of Bondbar Investment, told BusinessDay.
Continuing, he said: “We are saddled with the responsibility to solve the foreseen accommodation problem by helping you realise your dream of a happy home; we are proud to offer what we believe are the finest services which, at the same time, is pocket-friendly.”
According to him, investment in any of their schemes is in the best interest of buyers and investors, explaining that these schemes are located in serene communities that foster peaceful living and guarantee high RoI.
Gloryland Estate Ikorodu is surrounded by institutions such as Caleb University, First Trust – Imota Garden City, Lucky Fibre, producer of Noble Carpets; Hypo Bleach factory, South Gate of Lagos State Polytechnic, Fun Factory, Lagos State Low Cost Housing Estate, etc.
Gloryland Homes Simawa, on the other hand, has the RCCG Redemption camp; Oak Estate, G-Tech Construction Company, Rehoboth Garden Spring View, Edensville, Genesis Garden, as neighbours.
“Our lands are well secured and we are proud to inform you that all necessary documents to affirm and confirm the authenticity of ownership of our products are readily available for verification and our lands are free from any known government acquisition or adverse claimant.
“At Bondbar Investment, we derive joy in helping you realise your dream home and in the course of serving you, we will never compromise the truth to attain success. Our service to you goes beyond sales of plots of land. We offer our services with a view to establishing long relationships based on trust, equity and prompt delivery,” Oghenejabor assured.
Chuka Uroko
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