HOW THE LAGOS NEW TOWN IS SHAPING THE FUTURE OF LAGOS
Population explosion has been a major challenge of Lagos state due to a host of socio economic factors. Over the last 50 years, Lagos has grown by 2,000% from a state of 1m people in 1960 to over N20m in 2021. By comparison, the city of London has grown from 8m in 1960 to under 10m people in 2021.
Within this time frame, different housing schemes have been created by the government to alleviate this problem and with the dearth of proper housing and commercial spaces to cater to this teeming population, it is clear that the government cannot support this population expansion with the much-needed infrastructure and amenities. It is essential that new communities for various income groups are built. At the heart of that is the need to provide infrastructure to support these communities and make them functional.
The Ibeju-Lekki axis appears to be having the fastest growth of real estate developments in Lagos in the past one decade. The reason for this housing and property growth is obvious. The establishment of economic and infrastructural projects on that axis are expected to create a massive economic outburst in the area and this has driven up development of housing estates in the axis. Some of the notable projects are the Lekki Free trade zone, the Lekki Deep Sea Port and the Dangote refinery. At the heart of the Ibeju Lekki hot spot is a new residential and commercial hub known as the Lagos New Town (LNT)
Lagos New Town (LNT), developed by Mixta Africa (of the ARM group), is a blend of communities serving unique purposes in a serene and secure environment away from the hustle and bustle of Lagos. It is strategically located between the Lagos Island and the Epe / Lekki Free Trade zone axis. The area is linked by a road network that is durable and second to none. It has a combination of affordable residences and luxury communities.
Mixta Africa has been able to create several communities in the Lagos New Town; Lakowe Lakes Golf Estate, Beechwood Estate, Adiva Estate and our signature affordable housing project; Beechwood Park, just to mention a few. The LNT commercial plots are being developed into a commercial and industrial hub. They consist of large plots that are fully serviced with durable and reliable infrastructure. In this prime location, businesses can tap into a large market of over 200,000 residents.
LNT has something for everyone, from the aspirational graduate to the retiree – It is the perfect choice for the smart investor and the smart consumer.
Residents of LNT will enjoy access to recreational centres, easy access to financial institutions, reliable health care, good schools, shopping complexes and more
Owning a piece of Lagos New Town guarantees:
- Top notch structural engineering on properties
- Uncontested title Deed
- Tranquil, green and scenic environments
- High return on investment
- Serene communities with top notch infrastructure
Would you like to own a piece of the future? Call 0810XXXYYY today to get started.
