Cornerstone Estate entices buyers with N12.5m price slash

by | March 5, 2013 3:20 pm



For home buyers this Easter season, Cornerstone Estate is the place to go, as the developer is offering price reduction as high as N12.5 million.

Officials of Cornerstone Real Estate Limited, developer and promoter of the estate, explain at an interactive session with journalists at the weekend, that the price slash is for the first five patrons of their houses in the phase II of their Oregun-Ikeja Housing Project.

Lanre Okupe, chairman of the company, says the price reduction, which is an ‘Easter sales promo’ is part of efforts to contribute to the growth and development of families and corporate bodies during the Easter period to own a home.

A prospective buyer that makes outright payment on any of the units, he says, will enjoy the discount while a buyer who pays 30 percent deposit and the balance within 180 days will qualify for N10 million savings.

Okupe emphasises that individual or corporate buyers that buy four units at the advertised price would get the fifth unit free if they pay 30 percent deposit and balance within 180 days, saying “all these offers last between March 4, 2013 to April 4, 2013. It is important to mention that the offer is on a first-come-first-served basis.

“Having completed the phase 1 of the 5-acre housing estate project in Oregun, which comprises 26 units duplexes, terraces and detached houses for outright sale for residential purposes; the phase II of the construction project at the Oregun site in which the promotional offer encompasses has commenced.”

According to him, two units of duplexes are still available for either sale or re-allocation in the phase 1 at N85 million each, as “the duplexes sit on an approximate land area of 350 square metres – 400 square metres each with four bedrooms, all en-suite, while the ground floor space area includes the entrance lobby, foyer, main living room, dinning, kitchen, visitors’ toilet, guest room en-suite.”

The first floor space area, the chairman explains, include the family lounge with balcony, two bedrooms and the master’s bedroom, all en-suite; spacious living and dining areas with exquisite wood work, well-finished wardrobes and kitchen cabinet, P.O.P ceiling and stainless steel aluminium railings, among others.

He adds: “The ongoing phase II comprises 14-unit houses; two three-bedroom detached house with one room boys’ quarters at N90 million each; six four-bedroom semi-detached house with one room boys’ quarters at N85 million each, six three-bedroom terrace house at N75 million.”

Each, Okupe says, has infrastructural facilities like road, drainage, perimeter fence, bore-hole water, PHCN 500KVA transformer, including internal reticulation.

The firm’s proprietors have been delivering, successfully, houses to Nigerians for over 25 years with over 10 housing estates and other major projects to their credit.

They are recipients of Nigerian Institute of Building Annual Best Construction Company Award (2005); Honours Award for Valuable Contribution to the Building Industry in Nigeria by Lagos State branch of The Nigerian Institute of Estate Surveyors and Valuers (2003) and Nigerian-British Chamber of Commerce Award presented at the Business Forum Seminar (2002), among others.