INTRODUCTION

BLEVIC CONCEPT NIG LTD, is a real estate investment company, with sister firm as BLEVIC GEOMATICS NIG LTD which is a survey/engineering firm, with numbers of experienced surveyors and engineers. The companies are engaged in perfection of different professional activities in estate, survey and engineering. 

BLEVIC CONCEPT NIG LTD, is a Nigerian based corporation that will provide you different real estate development and sponsorship services to customers in its targeted market. 

THE COMPANY:

BLEVIC CONCEPT NIG LTD provides large expands of landed properties to different cooperatives/unions in different multinational firms, government parastatals, and estate firms/marketers-for estate developments and planning in urban communities within and outside lekki environs. The company’s current estate mapping is located within  28 different locations in and outside Lagos, however the company has plans to create more opportunities for middle and low income earners lands and also create different patterns of town houses and flats to accommodate customer’s wants and request. 

BLEVIC CONCEPTS also believes that now is the right time in this current environment to acquire, promote and establish a life time opportunities for all as designed with practical experience from existing estate plan.

FACTORS INDICATING NOW AS THE RIGHT TIME FOR THIS DEVELOPMENT PLAN.

1.) Availability of large expand of landed property within a serene environment

2.) Low cost of landed properties with perfected titles from Lagos state government

3.) High rate of purchased luxury homes on this part of Lagos Nigeria.

4.) Perfect relations and partnerships with federal and state government authorities.S

5.) Increase in numbers of rentals.

1.1 Products and Services

The primary revenue center for the business is acquiring lands with the intent to sell to different organizations in groups and also develop new residential units with the intent to resell, or rent the properties to the general public. This is a strategy that is popular in any economic climate as profits come from the sale of the property either by off plan sales, which is most likely the 2nd option on installment payment plan with legal documentations issued from estate management (Legal practitioners) after each milestone till payments are completed as stated in the contract. The primary focus of the Company’s marketing strategies will be the sale of landed properties and houses.

1.3 Mission Statement

BLEVIC CONCEPT NIG LTD mission is to develop a massive estate plan into a premier regional development firm that will develop and sell lands and houses profitably.

1.4 Management Team

The Company was founded by Surv. Bolarinwa O.Matthew (Managing Director). He has more than 15 years of experience in the survey/real estate industry. Through his expertise, he will be able to bring the operations of the business to profitability within agreed time and period.

 

 

1.5 Sales Forecasts

BLEVIC CONCEPT NIG LTD has been experiencing a strong rate of growth from the acquisition and sales of landed properties from different organizations, groups and individuals at the start of operations till this present day. It has also developed different estates with existing clients as residents in it.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand in the near future of operation. As the real estate market grows in normal conditions, the Real Estate Developer: BLEVIC CONCEPT NIG LTD will be in an excellent position to recognize profits from the sale of completed properties and lands. In the future, the business may also develop mortgage brokering operations to assist homebuyers with financing their purchases from the business.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

BLEVIC CONCEPT NIG LTD been an Estate Developer will be actively engaged in two primary business units that will seek to generate revenue in any real estate market. These strategies include developing residential properties for sale and the rental of some of its completed properties. Management is developing a very complex pricing method to ensure that the Company can continue to provide its units at profit despite possible drawbacks in the overall economic market by providing affordable luxury homes in different serene environment. The Company’s two prong approach to real estate will allow the business to grow successfully in the rapidly changing real estate market. More importantly, this strategy will allow the Company to offset the risks from each business unit so that there is a diversified balance in the Company’s real estate portfolio. This is especially important as the business uses leverage to finance the acquisition of its properties.

Market Analysis Summary

BLEVIC CONCEPT NIG LTD purchased and acquired landed properties in mass with a perfected title document that covers its entire estates (c of o/governors consent) for land sales, construction and development of luxury homes with the idea to re-sell to existing and potential clients at affordable rates.

 

 

Market Segmentation

Our market segmentation is fairly straight forward and focuses on the target market residential home within the area of Lekki and its neighboring environment. The company will continue to sell lands and build luxury homes with green materials and technology to fully develop and eventually sell to their market, both local and international, through experienced professional realtors/marketers. 

Residential marketing trend have been slightly affected by a few existing estate developers, creating distressed homes in the market for renovations. A growing realization of this fact is a need for more efficient homes (homes that are cheaper to maintain). 

4.2 Industry Analysis

Africa is no longer viewed as a region of long-term economic distress, but is increasingly seen as a continent of opportunity. Africa’s population boom is creating demand for residential property, ranging from mass market affordable housing to high-end luxury properties. Many real estate developers are holding onto substantial inventories of properties that have depreciated significant. While this is a prominent issue in the housing market, it presents an excellent opportunity for the Company to develop properties inexpensively so that they can be sold at the current market rate at profit. Recently, the number of real estate sales has increased significantly within the last years. This is one of the primary signals of an overvalued real estate market. As stated earlier, the Bureau of Economic Analysis estimates that homes on the market have increased more than 13% over last years figures. During the boom time for real estate over the last five years, many people overextended and over leveraged their properties with floating interest only loans.

4.4 Competitive Analysis

Since real estate is effectually one of the most free market oriented businesses in the country, competition cannot be accurately categorized. The Company anticipates that there will be a sizable amount of competition from both single owner investment firms to large construction companies that are seeking to gain from the real estate prices throughout the target market.

                                                      5.0 Marketing Plan

The Real Estate Developer intends to maintain an extensive marketing campaign that will ensure maximum visibility for viewers in its targeted market. Below is an overview of the marketing strategies and objectives of the Real Estate Developer.

4.1 Marketing Objectives

• Establish relationships with other real estate brokers and consultants within the targeted market.

• Implement a local campaign with the Company’s targeted market via the use of flyers, local       newspaper advertisements, and word of mouth and more.

• Develop an online presence by acquiring accounts for major online real estate portals.

.Referrals from existing clients and more.