FREQUENTLY ASKED QUESTIONS...
Barachel Park and garden is ideally located within the easy access of Ijede, Ikorodu Lagos.
- Metroferry jetty, ikorodu
- Egbin power plant, ikorodu
- Lagos state Model College Igbokuta
- Numerous Estates
- Smart: (Outright) for N900, 000.(10% discount 810,000)
- Flex: ( 300,000 initial deposit, 2nd deposit 100,000 balance spread over 10 months @60,000 installment) for N1,000,000
- Easy: ( 200,000 initial deposit, balance spread over 15months @60,000 installment) for N1.1M
- Survey Plan: N130,000.00 (Subject to review)
- Legal documentation: N20,000
- Value Added Tax(VAT): 5%
- Development levy : N500(Five hundred naira)per square meter (Subject to review)
Land purchase Agreement/irrevocable power of attorney donated by the customary owners, registered survey Plan, Approved layout plan and Lagos State Government Consent.
Invoice, receipt/statement of account, deed of contract, and congratulatory letter Letter of allocation, survey plan, deed of assignment ,free Architectural design and estate covenant will be given after completion of payment
After full payment for the land, survey fee and legal documentation.
You will get a refund less 20% administration expenses, but note that NO REFUND after completing 50% of total cost. (See REFUND POLICY on our website www.sterlinghomesltd.com).
In the case of a lesser size of plot, prevailing sum equivalent to the size of shortage in metres will be refunded and in the case of bigger size, prevailing sum of equivalent to the size of excess in metre multiplied by price per square /metre will be demanded.
The Land is free from every known government acquisition and no adverse claimant.
Provision of drainage, electric poles & strings for the distribution of energy and recreational facilities.
Yes, the road to the estate is very motorable and accessible even at the peak of the rainy season.
Individual will be responsible for the cost of building plan approval or through JEWELS CONSULT LTD, the asset management arm of the company, this will attract processing fees.
Sterling Homes Limited have initiated the process of getting a global C of O for the Estate.
Bluebricks construction Company Ltd, the construction arm of the organization has concluded arrangement with the company projects partners to deliver infrastructure within the Estate.
Sterling homes Limited with the consortium of project partner.
18. Can I pay a deposit and pay the balance any time within the duration of tenure chosen e.g. one year?
After the payment of initial deposit, you are expected to pay the balance monthly, non-payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of the contract.
The transaction is interest free.
Yes, you are limited to building residential houses within the area designated as residential and commercial houses on area designated as commercial. Provision of shops in residential houses and building of tenement house type (popularly known as face me/face you)is not permitted.
Allotees are encouraged to take possession and develop their plot within a year of allocation in order to control weeds;also in case where the land is left unkept, the developer will come to keep the land tidy and expenses incurred will be transferred to the subscriber.
Bluebricks Construction Company Ltd in conjunction with Barachel Park and Garden occupant Association will be responsible for the management of the entire estate.
After full payment and allocation of your plot. However this should be paid in full before development on your plot is complete.