Real Estate Firm Unveils Initiative to Tackle Housing Deficit


Raheem Akingbolu

As part of its contribution to development, Rydal Mews Limited, a real estate management company has introduced “Promise-To-Own”.

At the event, which was held recently in Lagos in commemoration of the company’s seventh anniversary, it was stated that the initiative would provide customers an opportunity to own quality and affordable houses in Lekki with pre-payment plans spread across five years.

According to company’s Chief Executive Officer, Modupe Anjous, the initiative was introduced to make home ownership accessible to Nigerians, while preserving the ultra-modern standard of living.

“Rydal Mews intends to dissolve all the worries associated with buying a new house, especially with the rising cost of rents in a cosmopolitan city like Lagos. This offers customers maximum satisfaction via structured payments to achieve long-term return on investments,”

She further stated that the new initiative would eradicate the challenges of owning a house in highbrow locations in Lagos and spread real estate opportunities to property investors conveniently’.

Anjous, added that the company was focused on providing top marketing and sales, facility management, advisory services and property management while developing more properties that fit into future smart-cities. Rydal Mews will help transform the landscapes of urban communities and place Nigeria at the forefront of development in Africa, she said.

The Promise-To-Own initiative was said to have started in Lekki Phase 1 with the Prime Water View Gardens 2, which has a fully serviced environment with proximity to commercial offices and other communal social amenities.
It offers the customer double benefits of moving into a 3-bedroom apartment from inception of first payment and also subsequent instalments spread over two to five years based on structured agreements.

However, the keynote speaker at the anniversary, Professor Mustapha Akinkunmi, who was also a former commissioner for finance in Lagos State, described the initiative as a disruptive innovation in the property space which he likened to what UBER did in the transport industry.

Rydal Mews was founded in 2011 to provide customer centric services and value addition to the property sector which in-turn has created a niche in the real-estate ecosystem.