Real Estate: Gtext Homes Records 500% Increase, Moves To Give Back

 GText Homes, a real estate firm, says it has recorded a 500 percent increase for the year ended 2020 when compared to 2019, in spite of the coronavirus pandemic disruptions.

Dr Stephen Akintayo, Group Managing Director, GText Homes, made this known while speaking to a select group of journalist at the head office of the company in Lagos on Tuesday.

Akintayo attributed the development to the need to tie down investments within the country by Nigerians, particularly those in the Diaspora.

He stated that the company leveraged technology to ensure constant digital and online visibility to serve its teeming consumers, a development, he said, factored the company’s growth.

The housing guru noted that as a result, the company had decided to give back to citizens by providing financial support in the areas of agriculture and education.

Akintayo said that the financial support for beneficiaries this year would be in form of a “Green and Smart” competition, where the winners would get a N5 million grant for horticulturists and interior decorators.

In line with the company’s vision to build 200 estates by 2035, Akintayo revealed plans to build 1000 Green and Smart housing units this year, to bridge the housing deficit in the country.

“We all know that COVID-19 happened; however, it was a good and a very productive year for us as the company grew by almost 500 percent, as people for whatever reason decided to invest more in real estate, particularly Nigerians in the Diaspora.

“One of the strengths for us was that when we started our company years ago, we were more focused on leveraging technology and making sure that we were often online to stream all our property; so, customers are able to see from any place in the world.

“Last year, we were able to give back to society, with some grant opportunities in education and agriculture, because we understood how the year went and we wanted to support people in these sectors.

“Some got N500,000, others got N300,000 for their small business and we also had grant for the real estate sector and were also able to pay tuition for over 100 kids.

“A unique design as a horticulturist that would ensure the beauty of the scenery and as an interior decorator, the presentation of interior designs that are green-friendly would get the winners a N5 million grant.

“That grant will be what they need to start the contract; we are going to be giving them on our own property; that way, they have the much-needed capital to start the job on our property.’’

According to him, the total grant and charity budget is about N50 million, so, it’s not just N5 million. Some of it is in grants, some of it we would be using it to pay tuition fee.

“We are also running a grant program this year, which is a bit different from last year in the food processing sector.

“So, one of the things we want to do is to make sure that we look at the agricultural value chain, the processing sector is a key part we are looking at,” he said.

Akintayo indicated the company’s plans to expand by delving into agriculture.

He noted that the company’s target was about 10,000 acres of farmland in Ijebu-Igbo, Ogun, and another location in Osun, to improve the nation’s food supply and boost the agricultural sector’s contributions to Nigeria’s Gross Domestic Product (GDP) output.

“This year’s focus for the agriculture grant is on processing with processing machines for cassava, maize, beans and on building a coconut oil refinery against going outside the country to buy these processing machines,” he said.