The Embassy estate in Wasa District will feature solar power, flexible payment plans and a 20-hectare commercial district.

The Real Estate Developers Association of Nigeria (REDAN), Abuja Chapter, has reaffirmed its commitment to reducing Nigeria’s housing deficit through increased housing delivery and innovative financing.

The association’s Vice President, Abuja Chapter, Dr Gbadewole Kayode, made the disclosure during the groundbreaking ceremony of The Embassy, a 2,400-unit housing estate in Wasa District, Abuja.

Kayode, who is also Chief Executive Officer of Crown Allied Global Realty, said the project would contribute to addressing the housing shortage, which he put at 14.98 million units.

“Officially, we have a housing deficit of 14.98 million in Nigeria,” Kayode said.

He added that the company was committed to reducing the deficit, particularly in the Federal Capital Territory.

Estate targets affordable home ownership

Kayode said The Embassy would provide energy-efficient homes while increasing housing supply across the FCT.

He said the developer had introduced flexible payment arrangements to make home ownership more accessible to low-income earners.

According to him, eligible buyers can pay part of the cost upfront and spread the remaining balance over six months.

The company also plans to offer blocks of flats through mortgage arrangements in partnership with the Federal Mortgage Bank of Nigeria and other Primary Mortgage Institutions.

Project expected to create over 3,000 jobs

Kayode said the development could generate more than 3,000 jobs during construction.

He explained that building a single duplex requires the services of more than 30 workers.

He said multiplying the labour requirements across 2,400 housing units would create a significant employment impact.

Solar-powered smart estate

Kayode described The Embassy as a smart estate designed around the changing needs of residents and investors.

He said prospective homeowners increasingly seek developments within 15 to 20 minutes of Abuja’s city centre.

The estate is expected to provide electricity through solar energy and include electric vehicle charging facilities.

The development will also feature a commercial district covering about 20 hectares.

According to Kayode, the commercial area will include hotels and create opportunities for investors to develop shopping malls and other businesses.

Investors could also generate income through rental and lease arrangements, he added.

Developer assures buyers on documentation

Kayode assured prospective buyers that the property documentation was authentic.

He said the land had a Certificate of Occupancy issued by the Federal Capital Development Authority.

The groundbreaking ceremony attracted stakeholders from the real estate sector and formally marked the commencement of the 2,400-unit housing development.

The post REDAN Unveils 2,400-Unit Abuja Estate to Tackle Housing Deficit appeared first on Housing TV Africa.

The Federal Housing Authority (FHA) has commenced the development of a new housing estate in Abuja as part of ongoing efforts to reduce Nigeria’s housing deficit and expand access to affordable homes. The project is being developed in partnership with Green Pasture Homes Limited and aligns with the Federal Government’s housing delivery agenda.

The development, known as the FHA Green City Estate, is located in the Wasa District along the Apo-Wasa corridor in the Federal Capital Territory. The estate will comprise more than 200 residential units, including apartments and terrace duplexes designed to meet the needs of different categories of homebuyers and investors.

FHA officials said the project goes beyond providing shelter and is expected to stimulate economic activities and create employment opportunities for engineers, architects, artisans, suppliers, and other professionals involved in the construction value chain. The authority added that strategic partnerships with private developers remain essential to accelerating housing delivery across the country.

According to the authority, the project forms part of broader plans to establish a stronger presence nationwide and deepen access to quality and affordable housing. FHA disclosed that it has secured land in multiple states and has already commenced housing projects in several locations as part of its expansion drive.

The developer said the estate is designed to provide a secure and sustainable residential community, taking advantage of the rapid infrastructure growth within the Apo-Wasa axis. The area has increasingly attracted investment interest due to expanding road networks and rising residential demand.

Industry stakeholders have welcomed the initiative, describing it as an example of what can be achieved through effective collaboration between government institutions and private developers. They noted that large-scale housing projects can contribute significantly to reducing Nigeria’s housing shortfall while supporting economic growth and urban development.

The post FHA Develops Housing Estate in Abuja to Tackle Deficit appeared first on Housing TV Africa.