Firm  eyes 2,500 houses units

August 27, 2025 by Udeh Onyebuchi

Real estate technology firm, Qshelter Limited, is set to deliver 2,500 housing units under Federal Government’s Renewed Hope Housing Initiative.  It said this at the company’s sales conference in Lagos, where top executives and development partners shared updates, market insight, and plans to expand housing access, especially for first-time buyers and Nigerians in the diaspora.

Chief Commercial Officer, Dare Makinde, said the firm is rolling out a campaign:  “Mission 2500” with a sales target of N125 billion by year-end.

He said 250 units are targeted for Nigerians in diaspora.

“We are building where Nigerians live and work. We sold 700 in 2024, we are scaling to 2,500. It’s bold, but doable” he said.

A key part of Qshelter’s expansion is Coastal City in Lagos.

LandWey Investment’s Managing Director, Olawale Ayilara, said his firm is  consultant on the project. He unveiled a marketing plan on branding, digital outreach, and buyer incentives.

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Ayilara announced a flexible payment structure—50 per cent upfront and the balance at delivery—with mortgage options to attract buyers.

“We’re not just selling houses, we’re selling a lifestyle. And we need to back that up with a great on-site experience,” he said.

Beyond Lagos, Qshelter is advancing projects in other states. In Abuja’s Kasana district, 2,800 units are planned with 1,700 already under construction, while about 600 units are expected to be ready for commissioning by October.

In Kano, 2,000 homes are being developed under the Renewed Hope Cities project, with 325 units already completed. At the Shagamu interchange in Ogun State, a 4,000-unit estate on 201 hectares is scheduled to break ground soon.

Executive Director, Mr. Adegbenga Alamu, praised government support on infrastructure but identified high closing costs as a deterrent to homeownership.

“You can spend ₦15 million extra on a ₦100 million home just handling closing costs. That’s where policy change is needed,” he said.

General Manager, Sales Abuja, Mr. John Jatau, also pointed to limited access to construction finance, rising inflation, and currency volatility as major hurdles.

Chief Technology Officer, Mr. Benjamin Akindeko, highlighted the firm’s proptech platform which enables digital applications, remote verification, and flexible payment plans for diverse income groups.

Despite these challenges, Qshelter executives reaffirmed their commitment to housing delivery under the Renewed Hope Initiative, stressing that the market is ready and demand remains strong.