Frequently Asked Questions

Ans: Otta Lakes & Country Estate is on Sokoto road, Off Idiroko road, Ado-Odo  Otta LGA of Ogun State. It’s 15 minutes from Canaan land; Covenant University & Winners’ Chapel Headquarters, 25 minutes drive from The Palms-Shoprite, Ota.

Ans:  Grandville estate, Grandview Parks & Garden estate, Grandview Extension, Emirates Parks & Gardens, Queens Garden City, OPIC estate, Winners’ Chapel, Covenant University, The Bell University, Crawford University, Ronik Polytechnic, British American Tobacco Company, Unilever Company, May & Baker Company, Rekitt Benckiser, Honda Manufacturing Nigeria Ltd, Nigeria Bottling Company, PZ Industries Ltd, Shoprite Shopping Mall, Tower Aluminum Company, Intercontinental Distillers, Nigerian Distillers Ltd, Shell Nigeria Gas (SNG) Ltd, Obasanjo Farms, All Bank branches etc.

Ans: From CanaanLand/Covenant University, drive 10 minutes ahead on Idiroko road to connect the Agbara-Atan-Sokoto road Junction (to the left is Agbara, ahead is Idiroko ), then turn right to Atan-Sokoto road. Drive 8 minutes and see Otta Lakes & Country Estate to your left just after Grandview Estate.

Ans: SEVIC PDC LTD. Sevic PDC Ltd (RC 1400158) is a dynamic real estate & property development company primarily involved in the supply side of the industry, with strong presence in Real Estate Development and Investment. REPRO Agency is saddled with the responsibility to market her properties.

Ans: Certificate of Occupancy (C of O).

Ans:

Residential Uses Plot sizes Outright Payment Plan
800 sq.m N1,250,000
648 sq.m N1,000,000
600 sq.m N950,000
450 sq.m N700,000
324 sq.m N500,000
Commerial Uses To be determined later To be determined later

 

Ans: There are flexible payment plans in place ranging from 3 to 12 months duration (as shown below):

  • 3 Month Payment Plan
Plot size(s) Price (N) Monthly Payment (N)
800 sq.m 1,250,000 416,667
648 sq.m 1,000,000 333,334
600 sq.m 950,000 316,667
450 sq.m 700,000 233,334
324 sq.m 500,000 166,667

 

  • 6 Month Payment Plan
Plot size(s) Price (N) Monthly Payment (N)
800 sq.m 1,360,000 226,667
648 sq.m 1,100,000 183,500
600 sq.m 1,020,000 170,000
450 sq.m    765,000 127,500
324 sq.m    550,000   91,667

 

  • 9 Month Payment Plan
Plot size(s) Price (N) Monthly Payment (N)
800 sq.m (Premium plot) 1,485,000 165,000
648 sq.m (Full plot) 1,200,000 133,500
600 sq.m 1,115,000 123,889
450 sq.m     850,000   94,445
324 sq.m (Half plot)    600,000   66,667

 

  • 12 Month Payment Plan
Plot size(s) Price (N) Monthly Payment (N)
800 sq.m 1,605,000 133,750
648 sq.m 1,300,000 108,500
600 sq.m 1,205,000 100,417
450 sq.m     905,000   75,417
324 sq.m     650,000   54,167

 

 

Ans: Sevic PDC Ltd, Account No: 0247178806 GTBANK.

Ans: Perimeter fencing, Earth road, Lakes & Gardens, Transformers & Connection to the National Grid, Boreholes randomly sited to assist during your house construction.

Ans: Road networks, drainages, electricity and water supply system.

Upon full payment of plot price physical allocation is done immediately.

Yes, you can start building on the land immediately after physical allocation.

Ans: Receipt, Deed of Contract, Letter of Allocation, Deeds Restrictions & Building Guidelines, Estate Management Agreement and Deed of Assignment.

Ans: No. Necessary land searches and investigations have been duly conducted before commencement of project.

Ans: A Deed of Sublease/Assignment of the unexpired term of 99 years less one day.

Ans: Yes. There is provision for recreation area, club house, Lakes & Gardens within the estate.

Ans: Increase in price will not affect existing subscribers in anyway except when/if they want to subscribe for additional plot(s).

Ans: Yes. You are limited to building residential houses within its designated area and commercial structures within its designated area. Provision of shops within residential houses and tenement house types are not permitted. The approved building types are Bungalows and Duplexes within their designated areas.

Ans: No. However, undeveloped plot(s) like developed ones shall pay statutory yearly management service charge.

Ans: About 400 plots are available. However, the project is in phases.

Ans:

  • Survey fee ————————————– N150,000
  • Legal documentation fee——————-  N50,000
  • Development levy—————————– N1,390 per sq.m
  • Service Connection fee———————-  N50,000
  • Yearly Estate Management fee———— TBD

Kindly note that these fees are subject to review.

Ans: Provision of drainage, Electricity infrastructure, Water infrastructure and Access Road.

Ans: You pay for the development levy after completion of payment for land and documentation but before your house construction.

Ans:

  • Payment for Land
  • Allocation Letter
  • Physical Allocation of plot(s)
  • Survey fee
  • Payment for Documentation
  • Signing of Deed of Assignment
  • Development Levy
  • Issuance of Deed Restriction & Building Guidelines

 

Ans: Sevic PDC may buy back plots from subscribers who have paid up on their land or assist to get a buyer. Note that Agency and transfer fees are payable on such transactions and it falls due on either or both parties to the transaction.

Ans: If your allocation is revoked due to none or consistent irregular payment of your subscription or you indicated interest at discontinuing the transaction, refund is subject to resale of your plot and it shall be less the Cost of Deed of Contract and 30% administrative charges at the least (effective February 10, 2018). Kindly note also that these charges are subject to review.

Ans: After the payment of the initial deposit, you are expected to pay your monthly installment on a timely basis. None payment as at when due shall be treated as a fundamental breach of contract and can result to a revocation or termination of contract.

Ans: No. Transactions are interest free.

Ans: The real estate industry like others is a dynamic and as such things change from time to time most especially for the better. However, any change, amendment or modification shall be communicated and endorsed by SEVIC PDC LTD. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters, and any other means of communication. Correspondence shall be deemed to have been received by the CLIENT having been sent by

Ans: The real estate industry like others is a dynamic and as such things change from time to time most especially for the better. However, any change, amendment or modification shall be communicated and endorsed by SEVIC PDC LTD. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters, and any other means of communication. Correspondence shall be deemed to have been received by the CLIENT having been sent by SEVIC PDC LTD to subscribers’ last given address.

 

Appeal

  • Planting of at least a tree at the frontal part of your house but within your compound is encouraged for aesthetics and health reasons.
  • Put 2 to 3 energy saving lighting points on the outer part of your frontal fence line facing the estate road to further make for a well lit and visible environment especially at nights.
  • A uniform colour roof covering shall be communicated to all subscribers to enhance the aesthetic value of structures within the estate and ultimately make for value appreciation.

 

SEVIC PDC LTD to subscribers’ last given address.