Rayfield Gardens City one of the top 10 Estates in Ibadan, Nigeria

By Ogundele Olanrewaju

Oyo State is no doubt one of the top 10 real estate destinations in Nigeria and the whole of Africa, with various developers trooping to the State for developments.

Recently, Venture Africa listed Lagos, Abuja, Oyo State, Port Harcourt, Ogun State, Cross Rivers and few other States as the top investment destinations when it comes to real estate business in Nigeria, where people wants to buy and own properties.

There are so many investors looking for where to invest and get their money and investment secured, also there are so many Nigerians abroad who wants to own secured real estate investment and properties back home but don’t know how and where to do so. The emerging real estate market in Nigeria with big players and technology has made it easier for people to search properties online and directly connect with developers, without any middle man or family members who may be embezzling their money.

Recently, the focus on Real Estate business in Oyo State has continued to increase, dues to the friendly business policies of the Governor, Engr Seyi Makinde, who is not resting on his oars, in the provision of basic infrastructure such as good roads, electricity, water, security, hospitals, friendly business environment, the Lagos Ibadan Railway, Ibadan Airport, Agro-allied business and others supporting facilities for the benefits of the residents.

Particularly, Fendini Homes, Adron Homes, Revolution Plus and other leading real Estate firms are gradually establishing their strong base in Oyo State, since it’s seems like Lagos is getting too saturated with so many developers who wants to do business with little landed space available.

Developers have also been migrating from Lekki, Eleko, Abraham Adesanya, Epe and Banana Island where prices of properties have surged to Mowe, Shimawa and other parts of the Country, but Oyo State has vast lands that can allow developers to build spacious rooms for their clients.

Unlike in Lagos, where developers are now managing the available landed properties with the construction of Terraces and high rise, developers in Ibadan, Oyo State have the luxury of building spacious Bungalows, Duplexes and other types of commercial and residential properties for their clients because there are spaces for them to build on.

It is also noticeable that, developers and home owners have realized that property market in Oyo State is booming with Estates like Kolapo Ishola, Calten Gate in Akobo Area, Jericho Hill Estate, Alalubosa in Jericho, Aerodrome in Samanda area, Engr Lere Adigun Estate at BCOS, Akobo and Rayfield Gardens City in Wofun Olodo area of Ibadan.

But Rayfield Gardens City Estate in Wofun Olodo area of Ibadan, seems to stand out from all the other Estates in Ibadan due to its design by the developer, who combined their residential masterplan with Commercial development such as Shopping Mall, International Conference Center, 4 Star Hotel, sport arena, Amusement park, School and hospital.

The tour of the project online on the company’s website www.fendinihomes.com shows that it has Bungalows, Terraces and Duplexes, which has increased in online search by property buyers.

The Estate is new and under construction by its developer, Fendini Limited, who according to information is doing so in partnership with Oyo State Government, and other private developers.

Speaking with the country director of Fendini Limited, Mrs. Sherifat Bakare, A. She posited that, real estate as we all know it has changed in forms and model. People are now realizing that the best place to invest and have rest of mind is in the real Estate sector, with minimal risk involved. According to her, Land will never depreciate but will continue to appreciate. The property that worths N10m today will double or triple in the next one year, and this is why we are encouraging more people to do business with reputable real estate company like our own.

We came up with the concept of Rayfield Gardens City Estate in Ibadan, haven looked at various estate here and we wanted to do something different, and also looking at the location of our land, it’s on a major Iwo road, at Wofun-Olodo, so this affords us to design something that will be more functional and beneficial to our residents.

I can authoritatively tell you that Rayfield Gardens City Estate is one of the top 10 in Ibadan and Nigeria, and we are careful not to inflate or overprice our landed and developing properties in the Estate.