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Tuesday, 20 August 2013

Profile of real estate agencies

Lots of real estate agencies have entered the Ghanaian market, focusing on different target markets in a bid to bridge the housing gap. Jessica Acheampong looks at a few of such companies

Blue Rose to build 500 affordable housing units
Blue Rose Limited, a real estate developer championing the course of providing affordable housing units is to construct and sell a total of five hundred houses in the next three years.
The company has already constructed about 300 hundred houses in 2012, and is set to continue at this rate for the years to come and thus accomplish its mission of being the leader in the real estate industry in providing quality and affordable housing.
The company which has Mr Eric Ebo Acquah as its Chief Executive Officer believes it is a basic human right for every individual to own their own home and is thus committed to making this a reality.
The Company was incorporated in 1989 as a Sole proprietorship known as Blue Rose Florist with its main line of business as Landscaping and Horticulture and was later re-incorporated to include Blue Rose.
Aside the construction the company does, the horticulture industry lies at the heart of the company and as such have nurtured their passion for plants and gardens, both domestic and commercial for their clients.
The price range for Blue Rose houses are; 2 bedroom Terrace for US$25,000, 2 bedroom  Semi- Detached house for US$35,000, 3 bedroom semi- detached  for US$50,000 and the  three bedroom Detached house for US$65,000. GB


Regimanuel Gray provides quality, reasonable units 
Regimanuel Ltd, a Ghanaian company with substantial interest in the construction, mining and hospitality in Ghana partners with Gray Construction of Houston, Texas, a US firm with similar interests in the United States to bring quality housing units to Ghanaians.
The company was incorporated in 1991 with real estate development as its core business and represents an outstanding example of a successful international joint-venture in Ghana.
Ever since its inception, the company has had an assemblage of dedicated top caliber local and expatriate personnel managing its emergence as the leading private real estate developer in Ghana.
The real estate developer is well-known for its timely construction and delivery of high quality reasonably priced housing units at prime locations which are adequately provided with social amenities and well developed infrastructure.
To date it has more than 2000 houses bearing these hallmarks and has been the recipient of the 1998 Home Finance Company Gold Award for Best Estate Developer, the Ghana Millennium Excellence Award and the 13th International Construction Award of Trade Leaders Club, Paris. It is also a member of Ghana Club 100-a selection of the top 100 Companies in Ghana.
Its projects sites included East Airport, Kwabenya, in Accra, Essipon in Sekondi/Takoradi and Katamanso on the Accra-Dodowa road. GB







Devtraco targets executive community living
Devtraco Limited which has been in existence in Ghana since 1993 has lived up to its billing of providing exclusive community living with its Master- Planned Communities.
The “Devtraco Living” experience is characterised with peace of mind, serenity, utmost security, convenience and healthy living.
Their estates span across prime area of the Greater-Accra Region; including Greda Housing Project at Teshie-Nungua, Dovehill Estates at Spintex Road, Devtraco Villas at Baatsona (Tema Community 18) and currently, Devtraco Courts (City of Hope) at Tema Community 25.
The real estate developer also prides itself as a company that provides a wide range of products and services to its clientele, including real estate developments, building contractors, estate management services, rentals and sale of serviced plots.
Their twenty (20) years of experience in the provision of building and housing needs has helped them understand client needs and aided their quest to provide tailor-made solutions to them.
Currently at 17 per cent per annum and growing, Devtraco properties value appreciation is unrivalled anywhere in the world, making it the ultimate investment choice; and then there’s the rental yield of between 8% and 10% per annum. GB


Lakeside estates eyes young families
Lakeside Estate is a private real estate company specialising in affordable housing for the residential needs of young families and professional individuals.
Its mission is to provide quality but affordable housing units that are environmentally friendly and meet the aspirations of many Ghanaian home dwellers while giving shareholders value.
The company has a vision of becoming one of the best customer focused Real Estate Companies in Ghana that will expand through the building of unique variety of housing units that are environmentally friendly, affordable to many, and conforming to the Ghana Building Code.
Presently Lakeside Estate is developing its Ashale-Botwe North property which was leased from the Nungua Stool.
The company is a member of the Japan Motors Group of Companies and a member of Ghana Real Estate Developers Association (GREDA). GB

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