LIZZY ANYAONU Esq. 08033220990.
With a rich endowment of natural resources and an extraordinary entrepreneurial population, Anambra State is keeping a steady course towards economic diversification and unparalleled development. Onitsha city is arguably one of the largest commercial nerve centres in Africa, linking the West African hinterland with Europe and America’s since the 1600. Its strategic position between the country’s east and west has made it the second biggest trading centre in the country after Lagos. The Onitsha River Port Complex is presently being resuscitated, with licenses given to barge companies to make it possible for importers in the South East to have their goods in Onitsha. The multiplier effect it will have on haulage activities and maritime operations is huge.
The State’s proven but unexplored huge mineral resources are beginning to attract humongous investments. It is on record that Anambra has 30trillion cubic feet of natural gas in her belly, completely untapped. For the Nigerian industrial sector, the potentials are mind blowing. Oil exploration is taking shape gradually, with significant business opportunities for related industrial and service activities. Ibeto Petrochemicals and Orient petroleum refinery are coming on stream around Ayamelum axis, in addition to the massive investment in agricultural food chain by Coscharis farms and others. Anambra Airport is currently nearing completion and it is expected to add massive value to business activities in the State, opening it up for easy and secure visit by international investors and ndi Anambra in diaspora. Indeed, Anambra state is positioned to be one of the leading states in Nigeria. A lot of industries and manufacturing concerns have indicated interests to play important role in Anambra’s burgeoning economy and only recently too, the recent Akulueuno call by Anambra state government is beginning to yield fruit with attendant investment outcome, from both local and foreign investors. The State Government has signed several MOUs with many investors and quite a number have materialized. There is no doubt that with all these investments, Anambra will soon be ripe as a 24 hour economy and the backbone of all these investments is real estate. Consequently, real estate value is continually on an upward swing in Anambra. Real estate investment when properly done offers huge returns on investment and serves as a security for access to capital. It is an appreciating asset, or what is known in banking parlance as “near cash”.
The idea by the developers of Anambra Luxury Place Estate, Nkwelle GRA, to build a smart city that has the capacity to accommodate high net worth, middle class and even low class individuals is a welcome development. This is the first of its kind in Anambra state and can only be categorized with ZOO ESTATE in the South East and some of the highbrow estates in Lagos and Abuja.
Anambra smart city project known as Anambra luxury Palace Estate undertaken by the First Rotech Group is a framework predominantly composed of information and communication technologies to develop, deploy and promote sustainable development practices to address growing urbanization challenges. It is set out to redefine luxury living with trappings of 21st century high end technology and a blend of nature.
The project is a modern estate with state of the art and eco-friendly infrastructure. The smart city project is valued at usd14m with Anambra state government owing 18% equity stake being the cost of fifty hectares of land valued at USD2.5M while the First Rotech Group owns 82% equity at USD11.5M. The project is more than just shelter, as it offers a centrally planned drainage and sewage system using underground infrastructure system. It also offers 24/7 security, Fibre ducts, estate maintenance, amazing natural landscaping and parks for families to relax and play. Technology will be deployed to streamline trash collection, decrease traffic congestion, improve infrastructure, efficiency and quality of life for residents and visitors alike.
These smart city innovations makes Anambra luxury Palace Estate attractive, outstanding and world class putting Anambra on the global real estate market and inspiring other investors especially ndi Anambra in other parts of the country to think home.
About Author
