ParaQuick Renders 11 Purpose-built Royal Homes in Banana Island

Bennett Oghifo

Standalone homes are usually hot in the real estate market. They are most sought after by realtors because these rare types of homes are usually snapped off the market in no time, most times during construction.

The promoters of the Royal Homes, only 11 prized pieces, being rendered in Banana Island, Ikoyi, Lagos, have this strategy in mind when they envision them as owner-occupier homes, not only because of the top-notch construction but also because of the premium fittings that each prospective owner will have an opportunity to customise. “These homes are being customized for the prospective occupiers. These are private homes for discerning people across the country and, in particular, for those in the Diaspora. It is also ideal for anyone who seeks a second/retirement home, complete with privacy,” said the Chief Executive Officer of Avoda, Mr. Arinze Anumudu, whose company is developing the homes for ParaQuick Limited, a member of the Group of companies.

According to Anumudu, construction of Royal Homes began in June this year, adding that “we have just completed the pilling for all of them and we are fixing the ground beams/German Floor now. We expect construction to take 10 to 12 months maximum.”

The homes are sturdy and so is their pricing, which is between N700 million and N950 million per unit, depending on the preferred type, he said, stating that interested buyers are expected to deposit 50 per cent and pay up on or before completion, but that the deposit is negotiable. Regardless, “it will not go below 30 per cent.”

The homes share common parameter fence with the famed Ocean Parade and the Sujimoto signature estate is just across from it. “Royal Homes is a premium development that encompasses style, grandeur and beauty. It is specially created for those who want to own their privacy and environment. The development consists of 11 classic-contemporary stand-alone units with 5 bedrooms each, peaking at the second floor.”

The prime features of the homes include, large open plan spaces; large bedrooms, well-fitted kitchen, guest rooms/BQs, lifts, 24/7 security monitored CCTV.

Anumudu said, “Beside the fact that the homes are in Banana Island, we’re selling you your own private prime space, as opposed to apartments or town houses without the privacy we offer. Each of the units has its own entrance, except for three of them. They all have six parking spaces, swimming pool, and these 11 Royal Homes are built into about 5000sqms. Each unit rise up to three floors and vertical movement up and down these floors is by lift/elevator.”

The ground floor holds the kitchen, living and guest rooms, first floor has two rooms and family sitting and the last floor has the master and madam’s bedrooms. Each home has its gate, utilities and complete privacy, arguably the only private development on First Avenue, Banana Island. It is a good buy, Anumudu said.