Grand Luvu 3b

  • Status: Construction
  • Country: Nigeria
  • City: Masaka
  • Partner: MFF
  • Year Approved: 2020
Total Invested
NGN 733,600,527
Average Sales Price
NGN 5,108,333
Total Invested
$1,915,541
Average Sales Price
$13,945
Delivery of Homes
Total Expected
Completed
Basic
240
180
Project Overview

The Grand Luvu 3 project is a 240 unit housing development on 13 hectares of land based in the fast-growing neighbourhood of Masaka, on the outskirts of Abuja. Situated adjacent to the Grand Luvu 1 and Camp Luvu 2 housing developments, it is the third stage of MFF’s Grand Luvu estate, and will provide affordable housing to a large number of people who commute to central Abuja on a daily basis.

Targeting the bottom 40% of earners, 240 houses will be constructed, equipped with water, sanitation and energy. The development will provide 3 house types consisting of standard 2-bedroom units and expandable 1- and 2-bedroom units that allow for incremental construction by the homeowner. Each unit will also receive their own plot of land.

The units will be sold to a mixture of MFF customers including individuals and cooperative members working in the informal sector, and Nasarawa State Government employees who will receive their housing through employment payment plans.

180
Homes Completed
180
Connected to Water and Sanitation
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
1 bed expandable unit Basic 90 85 42 3900000
2 bed standard unit Basic 100 65 58 5500000
2 bed expandable unit Basic 50 30 64 6500000

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NGN 733,600,527
$ 1,915,541
Loans
NGN 717,895,227
$ 1,874,532
Grants
NGN 15,705,300
$ 41,009

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021