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HomeBusinessReal EstatePropertymart commits to Citiview housing estate, others

Propertymart commits to Citiview housing estate, others

Olayemi Sarah


One of Nigeria’s leading real estate companies, Propertymart Real Estate Investment Limited, has assured prospective homeowners on timely delivery of houses in Citiview Estate, Arepo in Ogun State and other projects across the country.

Senior officials of the firm, who gave the assurance to investors, disclosed that on-going housing units would be completed and handed over to them before the end of 2019.

In a statement issued last week, the Managing Director, Deji Fasunwon, said that Propertymart has delivered over 85 per cent of houses across all its housing projects in key cities and towns. “Propertymart has provided real estate solutions in Lagos, Ogun and the Federal Capital Territory (FCT). Our key housing projects include Citiview Estate, Arepo; Edensville Estate, Simawa; Fairmont Apartment, Lekki; and Fairmont Hilltop, Alagbado amongst others,” he said.











Fasunwon commended clients for their patience and assured that the company was focused on assisting Nigerians to achieve their dreams of becoming homeowners.He explained that though Propertymart, like many businesses, experienced the harsh operating environment occasioned by the 2016 economic recession, it has consistently looked inwards and innovatively devised ways to achieve its objectives of ensuring client satisfaction.

“One major step taken by the company was to dispose of some of its stock trade meant to be reserved for profit in the future. These included plots of land in prime locations in some of its estates and also some of its other properties. Efforts are yielding good results as it has resulted in delivering properties to customers.

“The company is constrained to work with only a few reliable and trusted contractors to ensure quality to its customers. The effect of this delay, expectedly, led to dissatisfaction of many of the customers who had subscribed to different products and were expecting delivery of same,” he stated. Fasunwon added that rather than introduce new housing estates during the recession period, Propertymart focused on achieving delivery of most of its backlogs.

He said, “This has been productive as 136 units of houses were delivered in the first quarter of 2019 and another 138 units are expected to be completed and delivered at different times in the second quarter. It is expected that all remaining housing units will be delivered before the end of the last quarter of 2019. It is noteworthy that over 85 per cent of houses due for delivery have already been delivered across all projects while over 90per cent of serviced plots sold have also been allocated.”

While acknowledging that Propertymart has suffered some backlashes in situations that some delays had occurred, he reassured that the firm was always resolute in its decision to remain committed to delivering best-in-class real estate solutions to its stakeholders.

“The harsh economic climate was not strong enough reason to compromise on the structural integrity of our buildings, and as such, no cost-cutting measure was introduced on our projects.  The company has significantly achieved its goal as construction activities are currently at top gear in all of its projects. These developments are being carried out in phases for a strategic delivery to its customers.

“The company has also revamped its customer service unit to constantly engage its customers on the development plan and update them on the progress of their investments,” he said. Propertymart assured clients of capital appreciation of their investment while urging those that had yet to take delivery of their houses to visit the project sites and verify the progress made on the construction of homes paid for.

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