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A real estate firm, T Pumpy Concept Limited, has highlighted infrastructure development, flexible payment plans and instant plot allocation at Karsana Phase 5 Estate, located in Karsana, Abuja, behind Renewed Hope Estate.
The Chief Executive Officer and Managing Director of the company, Akintayo Adaralegbe, in a statement on Tuesday, said the estate is situated in a fast-developing part of the Federal Capital Territory, where road networks and electricity infrastructure provided under the Federal Capital Development Authority administration are contributing to the area’s growth.
According to Adaralegbe, “We are also opening up the estate’s internal access roads to improve movement within the development and facilitate access to individual plots.
“The estate offers four residential property categories, ranging from three-bedroom terraces to five-bedroom fully detached duplexes, with payment options structured around outright purchases and instalment plans.”
The CEO of T Pumpy Concept explained that buyers who meet the applicable requirements can receive immediate allocation, subject to the company’s allocation procedures and completion of the necessary documentation.
“The allocation arrangement is intended to give buyers clarity on the property being acquired and enable them to proceed with their individual development plans in line with the estate’s applicable guidelines, he said.
He said that, “The outright payment for a five-bedroom fully detached duplex on a 500-square-metre plot is ₦15m, payable within one month. A four-bedroom semi-detached duplex on a 300-square-metre plot costs ₦10m, while a four-bedroom terrace on a 200-square-metre plot is priced at ₦7m. A three-bedroom terrace on a 150-square-metre plot is available for an outright payment of ₦5m.
“The different payment arrangements are designed to accommodate buyers with varying financial capacities, while allowing them to select a property category that aligns with their housing needs and investment plans.”
He noted that access roads and electricity infrastructure are important considerations for prospective property owners because they influence accessibility, construction planning and the long-term development of residential communities.
Adaralegbe continued, “Our approach to the Karsana Phase 5 project includes opening internal access roads as part of efforts to prepare the estate for development by plot owners.”
