Frequently Asked Questions (FAQ)
1. Where is EKO BEACH CITY Located?
EKO BEACH CITY is located at Eko-Akete Abijo, ibeju-Lekki Local Government Area
2. What title is on EKO BEACH CITY??
Certificate of Occupancy (C of O)
3. What is the size of the plot on EKO BEACH CITY?
300sqm and 500sqm respectively
4. Are there any impediments in the land?
No, the land is free from every known government acquisition
4. Who is the developer of EKO BEACH CITY?
Gidi Real Estate Investment Limited
5. What is the transaction cycle ?
-Payment for the initial deposit of the land
-Collect Offer letter, Receipt and Contract of Sale of Land
-Issuance of Deed of Assignment and Survey Plan (After full payment) -Issuance of Allocation Letter (upon Physical Allocation)
6. Are there any restrictions on building type?
Yes, the estate layout is in sections and you are limited to building houses in each section based on the designated designs and plan for that section. However, all building designs must conform to the required setback of building control of the estate and such design will be approved by the company and Lagos State Government.
7. Are there any restrictions on building type?
Yes, the estate layout is in sections and you are limited to building houses in each section based on the designated designs and plan for that section. However, all building designs must conform to the required setback of building control of the estate and such design will be approved by the company and Lagos State Government.
8. Can I resell my plot(s)?
Yes, a subscriber that has fully paid up for his/her plot(s) can resell their land. The buyer will inherit all the assets and liabilities on the plot(s).
GIDI REAL ESTATE INVESTMENT LTD would require the seller to provide the company with details of the buyer.
9. What is the payment structure?
Outright for 3 months, 6 months and 12 months.
10. What document will I get after initial deposit?
Offer letter, Receipt of payment, and Contract of sales agreement..
11. Can I pay cash to your consultants?
No! All payments for EKO BEACH CITY should be made to GIDI REAL ESTATE.
INVESTMENT LTD designated accounts
Account N0: 5400765384 BANK NAME: PROVIDUS BANK, Account No:1025110288 BANK NAME:
UBA
12. When will the development for the estate commence?
October 1st, 2022
13. What other amenities or benefits are obtainable in the estate?
Solar Power/Renewable Energy
Gated House/ Security House
Drainage
Street light
Interlocked Roads
Beautiful landscape environment.
Perimeter Fencing
Central sewage
Central water system
Tech Hub
Lake view and Beachfront experience
Mini-Golf Course
Helipad
Green Area
Leisure city
Knowledge Park
14. If I cannot continue payment of my installment plan, can I get a refund?
Yes, In the event of refunds, you are required to give the company 120 working days notice to process your refund. The refund shall be processed and paid 35% less the
amount paid for the plot(s) (Administrative fee and other).
15. Is the road leading to the estate motorable?
Yes, the access road is motorable.
16. Is the price subject to change
Yes, It is. The price changes once the building of infrastructure commences.
17. What other charges are involved after paying in full?
No Charges, it covers the purchase price and statutory fee. (service charge will be communicated later)
18. When can I commence with Construction?
Construction can commence once the payment has been fully made and all Building approvals sought/ gotten from relevant/ appropriate Government Authorities.
19. Why should I sign on every pages of the subscription form?
To ascertain that all terms have been read and agreed by you
Address
A3, Suite 522/489 HFP Complex,
Aja 101245, Lagos
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admin@ekobeachcity.com
+234-902-122-2122
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