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5 Years After Payment, Property Developers Are Yet To Deliver Property To Subscribers

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 10, 2013
in Uncategorized
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A-block-of-flats-in-the-estate

I have always had an apathy towards subscribing to any of the numerous Estate we see advertised in the papers and on TV everyday. Whilst some have been quite good and worked well for subscribers, many haven’t been that lucky. Check out this Punch Newspaper Article which reveals the experiences of the some people who had paid for houses for over 5years now but are yet to gain access to the property.

Subscribers to the Jacob Mews Estate in Adekunle area of Yaba, Lagos, are currently engaged in a running battle with the management of Howard Roark Limited, an estate development company, over the delay in delivering the houses that they have paid for.

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A meeting between the subscribers and management of Howard Roark was conveyed on Saturday to calm the nerves of the subscribers, who have been waiting patiently to take possession of their properties since the project began in 2008.

Some of the subscribers, who spoke with our correspondent, said they had paid as much as 50 per cent of the cost of their choice houses, while others made full payment ranging from N24m to N42m for the flats, maisonettes and condos.

Please follow the link below for the full story

Subscribers, developer clash over delay in estate delivery

 

Tags: News ReviewPersonal Finance
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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