Tuesday, 24 February 2015

Why we need to develop a housing estate at Ninth mile corner

Where is Ninth Mile Corner?

This is an industrial outpost on the outskirts of Enugu town, around 9 miles off the center of Enugu town on the road to Onitsha. Ninth mile is a part of Ngwo town, Udi local government area of Enugu state, although the development of the area has now spread into some parts of Nsude, a neighboring town.


What is the attraction to Ninth Mile?

The industries. The industrial hub of Ninth mile started developing around 1976, when the Nigerian Bottling Company opened a bottling plant to produce Coca Cola products. Soon after, many more companies started to spring up around this area. Reno drinks started making bottled products around the early 1980s, followed by Nigerian breweries who set up a big facility to produce Star lager beer, Gulder, Maltina and other drinks. Soon after many more companies are rushing in, Seven Up bottling plant has a big production plant, Aqua Rapha drinks, even Guinness has a big land opposite Nsude seminary.

What else?

The water. It is on record that Ninth mile supplies almost all of the water used in Enugu town, with exception of the water coming from wells and streams in Enugu, all potable water in Enugu comes from Ninth mile. Owning a property in Ninth mile is like owning a right to a water source. Water business is a lucrative venture in Ninth mile. You can even produce and market drinking water in this location.

What about rental property?

Of course it is booming just like in most parts of Enugu state. Since there are many big companies here, there will be a crowd and the crowd will live somewhere. Factory workers, drivers, conductors, shop owners, hawkers etc must rent houses to stay close to their work stations. Also, the weather here is clement, with a good supply of drinking water close by, you can be sure that a good building will attract good value as this location grows. Watching the type of products coming out from this area, they are items consumed for all seasons, so the economy is sustainable.

No comments:

Post a Comment

All you need to know about the concrete decking slab

In home building construction, people get confused with different technical terminologies being used by industry professionals to describe d...