The introduction of the Lagos-Calabar Coastal Highway has created alternatives for actual property development and funding alongside the Lagos coastal hall, with elevated demand and enhanced property values.
The Chief Marketing Officer of Palton Morgan Holdings, Ikechukwu Ugwu, acknowledged this after the inspection tour of its Paramount Twin Towers development in Lagos.
According to him, Paramount Twin Towers was conceived and building commenced earlier than the Coastal Road challenge, however the emergence of the freeway has enhanced the attractiveness of the development and different properties inside its neighborhood.
“So Paramount Twin Towers began earlier than the Coastal Road, the introduction of the Coastal Road development in fact introduced quite a lot of benefits to properties inside that axis. Recall when the dialog across the Coastal Road began, quite a lot of builders needed to maintain on a bit to know authorities route across the Coastal Route.
“But I will say in terms of immediate impact, it of course not only impacted Paramount Twin Towers but every development happening in that axis because it further opened that location, right, and made it more attractive and desirable. And when you open a location such as that, automatically it affects valuation,” he stated.
He pressured that the development was designed to cater to high-net-worth people and discerning buyers looking for luxurious, exclusivity and long-term worth.
He famous that the corporate’s imaginative and prescient was to create greater than a traditional residential funding, however an iconic development able to serving as an enduring legacy for its homeowners.
“Buying a property is no longer just about investment for these people. It is about owning legacies that will outlive them and properties that align with their social status,” he stated.
The agency’s Group Commercial Director of Palton Morgan Holdings, Mumtaz Zaidi, disclosed that Paramount Twin Towers is strategically situated roughly 200 metres from the Atlantic Ocean, providing residents from the third flooring upwards views of the ocean on one aspect of the development.
Zaidi stated the challenge contains two towers, with 79 flats in a single tower and 81 within the different, making a complete of 160 residential models.
He added that the Paramount Twin Towers challenge is developed below Palton Morgan Holdings’ Grenadine Homes model, describing it as a luxurious residential and industrial development comprising two towers and 13 flooring, with roughly 160 flats.
“Most of them are two-bedroom and three-bedroom apartments over there. And even in two-bedroom, there are regular two-bedroom and there are premium two-bedroom apartments in Paramount Twin Towers,” he stated.
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