RESORT SAVINGS TARGET 2753 HOUSING UNITS IN FIRST HALF OF THE YEAR.

Resort Savings and Loans Plc will deliver more than 2,753 housing units in Lagos and Ogun States in the first half of this year.
Managing Director, Resort Savings and Loans Plc, Mr Abimbola Olayinka, said the housing units would be built under mortgage terms as part of efforts to make housing affordable for Nigerians.
According to him, the 2,743 housing units will include the current development of the Resort Estate Ofada, with over 400 housing units, tastefully finished two and three bedroom terrace bungalows, which Nigerians will be able to access at affordable prices. Another is the Resort Pearl Garden Sangotedo, which will have at least 80 housing units.
He noted that it its bid to strengthen its position in the housing sector, the bank is partnering with a lot of developers in either financing their projects or providing mortgage facilities to the off-takers at affordable interest rates.
Giving an insight into the existing and on-going projects and partnership with developers, Olayinka added that some of these estates include the Teju Royal Garden Estate Okokomaiko, which has over 600 housing units of one and two bedroom terrace bungalow, three bedrooms semi-detached and three bedrooms fully detached bungalows. Apart from the accessibility of the estate due to the current development of the Lagos-Badagry Express Road as well as the proposed Rail track to link Marina Lagos end, the price of the houses are very affordable.
He outlined other where the bank has on- going projects and partnership to include the Dreamville Estate, Owode –Ibese road, Ikorodu, which has over 120 housing units in various stages of development, Dabis Royal Estate off Allen Avenue Ikeja, South-drift in Lekki and Gracious Gardens among others.
He noted that the bank has been able to bridge the housing gap by creating over 4,000 housing units in recent period.

Outside the western zone, Resort Savings’ projects include many estates in Abuja including the Jedo Mass Housing Estate, in Ushafa Bwari area council with over 1,000 housing units under construction; Mahfas Sunshine Estate, Kurudu, Abuja with over 500 housing units completed and over 1,000 units are in various stages of completion; Resort Court Karu, Kubusa Gardens Estate, Orchards Estate, Lokogoma, Von Garden City Estate and Shelter view, Maraba, Abuja.
Olayinka said his company plans to create at least 5,000 housing units in Abuja and it’s environ through mortgage creation.