Easy Home Acquition

Falling Rain Estate is offering you an easy home acquisition scheme. This scheme, which we have tagged the ‘Power of 5’ involves subscribers contributing an annual bulk payment of 5% of the property and another 5% spread monthly over 12 months; This process continues on a yearly basis until the delivery of the housing units when subscribers will be required to choose an exit option best suitable to them as detailed below. 

The estate is also offering for sale some plots of land on the site to interested individuals. 

About the project

Falling Rain Estate is a fully serviced housing estate that is meant for High Net Worth Individuals/the Growing Middle Class. The site is located at the Olokonla, Eti-Osa Local Government Area of Lagos State. It is a 40-hectare premium development behind Pan Atlantic University / Lagos Business School - LBS, off the popular Lekki-Epe Express way. As the name implies, it is borne out of the natural blessings abounding in this location especially in its serenity and natural vegetation. The site is firm, very ripe for development due to its advantageous location and unrivalled infrastructure and landscaping coming with the estate. It is a 5 minutes drive from the popular Victoria Garden City (VGC) Estate and enjoys a good neighbourhood with  Pan Atlantic University/Lagos Business School, Lekki Gardens, Abraham Adesanya Estate and Crown Estate to mention a few.

This Housing Project involves the phased development of over 2,000 units of fully serviced luxury apartments comprising of 1 to 3 Bedroom Blocks of Flat and Semi-Detached Duplexes, with a state of the art infrastructure and recreational facilities. The house types and price ranges from N9, 350, 000.00 to N38, 850,000.00 as follows:

House types                                                                Prices

1 Bedroom Block of Flat                                            N9, 350, 000.00

2 Bedroom Blocks of Flat (Type A)                           N16, 850,000.00

2 Bedroom Blocks of Flat (Type B)                           N18, 650,000.00

3 Bedroom Blocks of Flat                                          N26, 650,000.00

4 Bedroom Semi-Detached Duplex                            N38, 850,000.00

The design of the site layout for Falling Rain Estates has been taken into careful consideration and properly harmonized to accommodate factors such as Building Scale, Cross Ventilation, Vehicular Inflow and Outflow thus providing a serene and conducive environment to complement the elegant lifestyle of subscribers and home owners.

PROPOSED INFRASTRUCTURE

The Infrastructure proposed for the Estate which will be executed by Messers PW Infrastructure Limited and Mitrelli International will include the following:

1.         Good Road Network and walk ways

2.         Good Drainage System

3.         External Perimeter Fence.

4.         Gate House.

5.         Swimming Pool

6.         Street lighting.

7.         Landscape and horticulture.

8.         Play areas

9.        Recreational Centers

Services to be provided within the estate include the following:

1.         24 hour back up electricity supply.

2.         Potable Water Supply.

3.         Central Sewage treatment.

4.         Centralized Gas System

5.         Refuse disposal.

6.         Security services.

7.         24Hours Estate Management Services

STRUCTURED PAYMENT PLAN

Subscribers of this scheme will be required to contribute a minimum of 10% of the value of the desired house type structured as follows:

i.5% bulk payment and;

ii. The remainder 5% spread equally over 12 months

iii. This arrangement is repeated annually until completion of housing units for delivery;

Upon delivery of the housing units after a construction window of 3 years, subscribers will be required to choose the most suitable exit options as enumerated below:

•          Subscribers have the options of outright payment of the outstanding amount either through self-financed or via mortgage or by the developer-assisted financing;

•          Subscribers who chose to pay out-rightly or by mortgage will be granted immediate possession;

•          For subscribers who chose the developer’s financial arrangement, nominal interest rate will apply, and the outstanding amounts will be spread over a 7-year period post-delivery;

•          Subscribers under the developer-assisted financing will be granted possession upon presentation of a letter from the bank, or any other approved guarantor, guaranteeing payment of the outstanding balance;

Our objective is to make home acquisition easy and convenient for our subscribers by making their contribution as painless and affordable as it can be whilst transforming your dream of home ownership into reality.

BENEFIT TO SUBSCRIBERS

• Beautiful homes: tasteful designs, lush green landscape, serviced environments,
• Attractive pricing: priced below current market rates, guaranteed to appreciate, non-fluctuating, all-in prices
• Convenient terms: Low deposits, convenient installmental payment plan and mortgage offers   
• Secure Investment: Real estate investment legally secured through lawyers, banks and underwriters
• Exceptional customer experience
• Pre and Post acquisition customer satisfaction guaranteed

DOCUMENTATION PROCESS

The subscriber will be deemed to have purchased the house/ Land upon the payment of the initial deposit and shall be issued documents as follows:

Upon Initial Subscription

·         Payment receipts

·         A Contract of Sale shall be executed between Bamah Nissi Multilinks Ltd and the subscriber.

·         The company shall make available Architectural drawing for the house type to the subscriber.

·         The company shall provide Survey Plan for the property to the subscriber.           

Subsequent Subscriptions

·         Payment receipts

Upon Completion of Payments

·         A Deed of Sublease

·         Every other necessary and related document outstanding

PROFILE OF PROMOTERS

Bamah Nissi Multilinks Limited is an indigenous and versatile real estate development, investment and management solutions provider with a global focus. The company is in the business of providing world class estate development, housing and ancillary financing solutions for the purpose of delivering quality housing and infrastructure in various forms within the shortest possible period.

It was incorporated in September 15, 2006, is currently involved in various real estate and services in Nigeria especially in Lagos State, Bamah Nissi Multilinks Limited also employ an aggressive and innovative sales strategy to achieve investors/project promoters’ objectives.

For further enquiries, please contact us on these numbers:

01-4530866, 08167800001, 08124035555, 08151415555.