Phase one of 5,000-unit Lakeside Hills Housing Project opens

Lakeside Estate, a leading real estate Company which specializes in the provision of quality housing has launched the first phase of its new development dubbed Lakeside Hills Project.

The first phase comprises 200 completed houses out of the 5,000 houses to be built under the Lakeside Hills Project.

It comprises luxuriously built four bedroom Storey Orca house, two bedroom standard, two bedroom deluxe, three bedroom detached and three bedroom with boy’s Quarters with well lawned, fully grassed and entrance monument.

The development is carefully crafted, designed and built to green buildings standard for expected customer satisfaction and above all safety and security required for a peaceful living.

Lakeside Hills is an amazing development which has been strategically sited on the hilly side of Lakeside Estate.

It is dubbed Community 9 in the heart of Adenta Municipality with a unique view of the adjoining landscape of Aburi mountains.

 It is about thirty minutes’ drive from the Kotoka International Airport.

Lakeside Hills Project boasts of an ultra-modern sports facility designed with the health and fitness of clients in mind.

It consists of a tennis lawn, a basketball pitch, volleyball pitch, football pitch and green area for children’s recreation.

Lakeside Hills development is also fitted with fibre optic services for fast and convenient internet usage to enhance working from home.

Lakeside Hills is carefully designed with a well-planned road networks and all the houses are powered with solar system.

The road leading to the Hills are fully tarred with well-planned drainage system.

Plans are also far advanced to develop a club house in the very near future for cherished customers.

Managing Director of Lakeside Estate, Dr Prince Joseph Ayiku, indicated that housing project is meant to bring meaning to luxurious housing and accommodation, at a reasonable price.

“We are faced with a big task of how to create a development with elegance and green environment capable of satisfying the necessary elements of a luxurious family home,” he said.

He announced that Lakeside has partnered with various financial institutions such as Republic Bank, Ecobank among others in designing various financial plans to aid clients who will like to access mortgage facility that best fit their budget.

Dr Ayiku said the company also has its own internally laid down flexible and accommodating payment terms for clients.

Board Chairman of Lakeside Estate, Salem Kalmoni, stressed the steadfast commitment of Lakeside Estate to community development.

He noted that Lakeside Estate embarked on its journey with humble beginnings, but it has since undergone a remarkable transformation over the past two decades.

He described the launch as “representing a midpoint in our journey, and we aspire to introduce further transformative developments within Lakeside Estate, including high-rise apartments, light industrial facilities, shopping malls, retail outlets, and various renowned businesses.”

Executive Secretary of the Ghana Real Estate Developers Association (GREDA), has lamented the lack of commitment of successive governments in the 4th Republic towards providing proper affordable housing. 

Sammy Amegayibor, stated that although government after government has dabbled in providing some form of affordable housing scheme, it has mostly been perfunctory and been more gimmicky, leading to their invariable failure.

To this end, he said that rather than being an actual player in the space, government should rather play a facilitating role, leaving room for private individuals to provide the housing projects for the public’s consumption.

“The government’s role in affordable housing must be the facilitation. GREDA believes that the government must strongly remove itself from direct involvement in the delivery of housing and facilitate the private sector by fixing the land, access to funding, and basic infrastructure among others,” he added.

He further noted that “State organisations are either confused or not consulting properly. Most of the time we only get to hear in the news that the government has secured foreign partners without any consultation of local players and when they decide to consult GREDA too after the engagement nothing suggest is taken into consideration.”

“Local players like Lakeside Estate and the other big brands have proven several times that they are capable of delivering 5,000 to 20,000 housing units with state-of-the-art facilities within a short period of time. So, it’s beyond imagination that the government is still ignoring us the local developers,” he said.

He added that the quality and competitive pricing of these projects being delivered by the local companies in comparison with what these administrations have provided is a clear indication that the government has failed to deliver a single affordable housing project.

He therefore advised government to partner up with local players and take up a new role as a patron of the industry granting tax waivers, input incentives, provide land, or other necessities to make life easier for these private developers – and by extension Ghanaians- to deliver the housing projects at affordable rates.