INDIGENOUS real estate developer, Messrs Crown Realties Plc, owners of Crown estate, Lagos, last week said that it had partially completed a flagship estate worth N3 billion in the heart of the Federal Capital Territory (FCT).The mixed residential development, christened Crown Court, Abuja, located in a three hectares of land at Mabushi, close to the offices of the ministries of Works and Lands, Housing and Urban Development and Vehicle Inspection Office, comprises detached, semi-detached houses and condominiums.Financed by Sterling Bank, the estate promotes new lifestyle and modern luxury living, as all the houses have ready to use Internet, telephone and cable television. The bank is also providing mortgage to prospective buyers, together with Aso Savings and Loans Plc, and Access Homes and Mortgages Limited.The beauty of the Crown Court, Abuja lies in the planning and state of art designs as well as the introduction of newest technologies. For instance, the estate boost of fibreglass water storage facility as well as installation of 21st century automated security system that offers protection to residents.Though, the estate is ready for occupation and first set of homeowners will move in next month, the promoters say that the entire estate will be formally be opened in October. For easy access to the estate, the company built an 800-metre road from the expressway and plans to undertake another community based project.Essentially, the 'Leo' house or fully detached has four bedrooms, all en-suite, with two living rooms and one-room boys' quarter; while the 'Libra' semi-detached house features four bedrooms with en-suite facilities, two living rooms and a one-room boys' quarter. The 'Taurus' luxury condominiums feature three-bedrooms with one-room boys' quarter on the same floor.The estate has its own independent power with three synchronised generators of 600KVA capacity each; and waterworks with 400,000 with a treatment plant an overhead fibre tank, laundry mart, and shopping area.Other facilities, include a recreational area, equipped with club house that features the swimming pool, changing room and gymnasium. There are also fire hydrants and extinguishers in strategic locations within the estate.The Managing Director, Crown Realties, Mr. Darl Uzu, said the estate is their way of registering presence in the property market in the FCT and tackling housing shortage in the country.Uzu explained that the company decided not to build fences in between units in order to foster interaction among residents and bring out the aesthetics of the entire estate.The units have a price range of between N50 million to N80 million, but all the detached and semi-detached units are already sold out, remaining the condos and that this had prompted the company to conclude plans to commence another estate within Abuja.
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