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Since its incorporation in 2008 , Propertymart Real Estate Investment Limited has been on a
journey to, not just provide real estate solutions, but also helping people achieve their
dreams on property ownership.
Through innovations and ingenuity, Propertymart has at different times applied various
approaches to alter the established norms in the real estate market in Nigeria by introducing
products and schemes that are not only pocket friendly, but also environmentally friendly and
flexibility in acquisition. The company has at different times in its over ten year journey,
provided real estate solutions in Lagos and Ogun States as well as the Federal Capital
Just like every other business endeavour, the journey of Propertymart in achieving its
affordable housing objectives has not been without attendant challenges.
However, the company has always thrived on a philosophy of not staying down in bad times but
reinventing itself to weather every storm and not get distracted from achieving its objectives.
Prior to the period of recession in the nation’s economy, the company had ensured speedy
construction of projects and delivery of same to its teeming customers.
The quality of works done and the inspiring structures had at such times endeared the company to its customers, who not only subscribed for more, but also referred others to tag along on the journey of home ownership. However, with the glut in the economy, the company had its own share of near hostile business environment and huge cost overruns. The real estate and construction sector was badly hit by the effects of the recession as construction materials doubled (and sometimes tripled) the original projected costs. The Management of the company admits that if it had projected appropriately, the company would have been able to avoid the ravaging effect of the … Read More...