El-Magna: Luxurious and Affordable Homes in Lekki By: Folorunso Fatai Adisa - THE BUSINESS PACKAGE


Thursday, January 13, 2022

El-Magna: Luxurious and Affordable Homes in Lekki By: Folorunso Fatai Adisa

Poised on the Atlantic coast of Lagos State, El-Magna, another architectural masterpiece in the Government Reservation Area, GRA in Lekki-Epe axis, possesses a magnetic allure for its residents and the visitors who make their way to this dazzling, beautiful city of Lekki every day. 

For those who live in London and New York, it is easy to become accustomed to the idea of a ‘city’ as a place of sprawling development, where nature can seem very far away. Lekki tells a different story: shadowed by the magnificent body of beautiful beaches, the great outdoors are a vital part of the daily life of the lovely city of Lekki where De Castle Gardens Ltd launches El Magna, an architectural masterpiece that showcases magnificent structures that incorporates luxury and comfort defined in a new style to accommodate Nigerians at affordable price.

The Group Chief Executive Officer, De Castle Gardens Limited, a subsidiary of Tonini Group Limited, Mr Anthony Eferhirhie Abugu, has restated commitment to establishing a well structural and architectural masterpiece that incorporates luxury and comfort in its new project, El-Magna having edifice in GRA, Lekki-Epe axis of Lagos State.

Speaking with a group of journalists in a media parley recently, Eferhirhie expressed that his company has done more in the past in the real estate business including De Castle Gardens Phase 1 and Villa De Castle situated in Lagos State without compromising on standard, and bringing breathtaking designs into reality.

He added, “These two projects were house seekers’ choice after their completion, more interestingly, Villa De Castle was fully booked before 80% completion. De Castle Gardens Phase 1 and Villa De Castle are just within a 3km radius of El-Magna.”

“We believe that action speaks louder than voice yet most importantly viable and established facts remain the conqueror of the day, we are not promising perfections that are enshrined in Eldorado and Utopias of perfectionism yet we are guaranteeing you of 100% return on investment, quality and comfortable house that stands distinct among others in this axis.”

“El-Magna is a tastefully finished block of flats compromising of 2 bedroom units, luxurious in size, stylish and elegant in its overall finishing while at the same time maintaining government construction standards and compliance from foundation to roofing phase. A premium block of 2-bedroom flats that qualify for both real-estate investments and a house to call home,” he stressed.

He further said that the rate of appreciation of properties in Abijo GRA is second to none in the Lekki Corridor, hovering around 20%-30% per annum thereby giving a ripple effect on the rent rate of the area, as currently a standard 2-Bedroom apartment is rented out for between N950,000 to N1,200,000.

Eferhirhie corroborated, “El-Magna is right in the heart of Abijo GRA, less than 700 meters away from the Lekki-Epe Expressway and it seeks to achieve two purposes a place to call a home for home seekers and a good investment for real investors.”

“Its features also include CCTV, Wifi, Minimum of 15 hours Power Supply, 24/7 treated water supply, automated access control, secured premises, electric perimeter fencing, intercoms to be delivered within a space of 14 months.”

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