Pelican Valley Nigeria Ltd., a foremost real estate firm in Ogun State, has reviewed upward, the price of land within its Greenish Acres Farm Estate.
This followed the announcement of the Government approval of the Farm Estate about three weeks ago as well as the increasing expression of interest in the estate’s Agricultural Investment Project Plan by new subscribers.
The firm’s Director of Operations, Ifeoluwa Daniel, who made this known on Tuesday to The Daily Crucible, said they have started the implementation and execution of the approved layout on the said Farm Estate with successful establishment of road networks and drainages to pave way for the expected infrastructural development and site preparation ahead of the forthcoming planting season.
Daniels added that the price increase would be effective February 14, 2023, even as he highlighted the new rate as follows – plot of Land – ₦3,500,000, development levy – ₦250,000, survey – ₦200,000, legal and documentation fee- ₦50 and application form of ₦10,000 to arrive at ₦4,010,000 grand total.
“As we speak all plots are readily accessible with registered beacons on the ground.
“Currently, we have about a thousand subscribers at the sister housing Estate, The Pelican Brief Estate, located at Kobape who are potential off-takers for the Greenish Acres farm estate, due to their proximity and investment values. Our records have shown that about 80% who had fully subscribed to our Greenish Acres Farm Estate, are dominantly our existing clients in Pelican Brief Estate and Pelican Valley.
“We will be considering having phase two after we must have delivered on output value in this current phase, as we don’t want to rush into that yet.
“We want to encourage our existing and prospective clients to take advantage of the pending launch price of ₦3,500,000, to buy and close their deals before the price increase becomes effective on the 14th of February 2023,” he said.