WHO WE ARE
INTRODUCTION
Villa Homes and Construction Limited (VHCL) was established with the sole purpose of adopting a new approach to housing infratructure using the annuity contribution plan. Our vision is to be the most preferred affordable housing providers in the construction and Real Estate industry in Nigeria. While, Our mission is to innovate alternative ways of developing affordable housing to public/civil servants in Nigeria in a manner that will be less cumbersome to our esteem customers.
We specialize in building and construction of quality and affordable houses as well as bridges, towers amongst others. The company commenced business as registered Estate Development Company on 2 February 2022, with dedicated, well experienced, and valuable core management with an excellent reputation in the housing industry.
It is a smart company that has restructured, rebranded, repositioned, and engendered a new way of achieving affordable housing with ease; and without paying a dime as collateral security or some sort of equity contribution, thereby satisfying the desired accommodation needs at all levels - low, middle and upper-class income earners in the public sector. It also gives the buyer the choice of purchase.
The Corporate office is located at Number 6 Onitsha Crescent, Garki Abuja, Nigeria which provides administrative, policy guidance, oversight and support in the areas of financial management, contracting, logistics, maintenance, industrial, engineering and corporate operations as well as information technology, legal and security.
The Company recognized some critical success factors that must be internalized to operate competitively. These are as follows:
- Provide professional quality services on time and on budget.
- Develop a follow-up strategy to gauge performance with all clients.
- Implement and maintain a quality performance and assurance policy.
- Develop visibility to generate new business leads.
- Fulfill the promise excellently - completely confidential, reliable, trustworthy expertise and information.
The estate is well planned, gated and will serve both the middle and low-income earners. The company’s conviction is to design, build and construct affordable houses for Nigerian Civil servants and other private individuals. This strong ambition was borne out of the fact that an average Nigerian worker lacked a befitting accommodation as a home to live with its family and the desired to become a landlord or plan for retirement or unforeseen circumstances, all informed the need to develop best ways of providing affordable houses for the citizens particularly the civil servants at affordable cost as well as ease of funding.
Villa Homes' greatest strategy is the development of a practicable model which satisfy the need of the off-takers as well as safeguarding the contributors Fund and ensure that FMBN recovers the loan appropriately. This is by adopted the annuity model as against the equity model currently practiced by the PMBs. Detailed analyses of the annuity model would be demonstrated in the financing strategy
VHCL build and allot houses based on the existing number of subscribers and the funds provided from the FMBN Construction Development Loan. The estimated cost of the prototypes are as follows:
- 2 Bedroom flats - ranging from N27.5m
- 3 Bedroom flats - ranging from N28.5m
- 3 Bedroom Terrace + BQ - ranging from N35.5m
- 3 Bedroom detached House - ranging from N46.5m
The stipulated prices for our houses are based on the market midpoint price for houses built at the same period and in the same geographic location. The price in the financial model is conservatively forecasted. We believe that our houses are reasonably priced and within the affordability of our target market.