Appolonia-City of Light has introduced its buy and build concept for the Nova Ridge enclave within the city, to potential home owners.
In a statement, City of Light said, it had outlined the concept to entrepreneurs, representatives of corporate institutions and prospective investors.
The statement said the concept “affords owners the opportunity to build to their own taste and lifestyle without compromising on quality, available infrastructure, sustainability or security. The end product is obtaining the full benefit of urban life at a comparatively lower cost.”
Mr. Anthony Okyere, Director of Appolonia Development Company said: “This event is just the beginning of such interactions with the general public and will be a recurring feature over the course of the year.”
“Developments such as the City of Light are vital to the progression of urban Ghana and we are delighted to present Nova Ridge as a unique opportunity in the market.”
The statement said work on the City of Light’s infrastructure was progressing steadily, citing the installation of a 33-kilovolt substation and the construction of the Nova Ridge gatehouse.
A participant, Mr Boham, said he was impressed to see the quality of development at Appolonia.
“It is nice to see that this can be achieved in Ghana and I was particularly interested in the idea of buy and build. When you sit down to do the math, and you have the future in mind, you realise it’s a great investment.”
Participants were shown an aerial video of Roma Park: a similar project undertaken in Lusaka, Zambia by Rendeavour, the mother company of City of Light.
Appolonia City of Light is an urban settlement in Greater-Accra, being undertaken by Rendeavour, Africa’s largest urban developer.