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The Importance Of Infrastructure In Developing Estates - Properties - Nairaland

Nairaland ForumNairaland GeneralPropertiesThe Importance Of Infrastructure In Developing Estates (370 Views)

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The Importance Of Infrastructure In Developing Estates by Destinykinghome(op): 3:53pm On Apr 07, 2018
The issue of infrastructure in developing estates across the nation is a lingering one between developers and their customers; they both seem to have different understanding to the notion as they both see it from different ends. This article however delves into the importance of having infrastructure in place in developing estates, its resultant benefit for occupants and land owners in the estate, as well as the impact it has on the environment.


As we look at the issue of Infrastructure in developing estates, let’s quickly make a mental note that in a bid to solve the housing problem in Nigeria, government and real estate practitioners are building housing units and estates that are termed ‘mass housing’ and referred to as affordable.

Whether they are truly for the masses, the affordablity and real essence of these housing units has often times been questioned since these housing units are very expensive and way above the pay grade of the common man. However, that is not to say there are no real estate developers who truly help the common man achieve his dream of being a home owner.

An example is Realty Point Limited who has had considerable success over the years in helping people with middle to low income become landlords. The need to curb the housing deficit issue and make more people property owners has given rise to a lot of developing estates in the country.

Developing estates in various communities and areas are good ways of controlling most of the major issues experienced in developed cities or towns such as overpopulation, traffic congestion, lack of adequate space etc. The creation of new communities and estates is therefore a welcome idea since it would depopulate and reduce traffic congestion characteristic of the cities, ease the strain on basic amenities, and create other ripple effects.

Unfortunately, response to these developing estates is poor. People are not eager to live, work or own businesses in these communities because of one major issue – lack of infrastructure – thus defeating the purpose for which these communities were created in the first place.

Infrastructure, which is the basic physical and organizational structure needed for the operation of a society or the services and facilities required for an economy to function, is a major determinant of real estate investment. When technical structures such as good roads, electrical grids, drainages, sewers, bridges, telecommunication, water supply etc are not readily available in a community or estate, people are not quick to invest in properties in such areas thus affecting returns on investment for the estate developer.

Unfortunately, investment returns is not the only thing affected, the economy also suffers

[url]Read full details on http://destinykingpropertynews..com.ng/2018/04/the-importance-of-infrastructure-in.html[/url]

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