EDLORM BUILDING GHANAS AFFORDABLE HOME

Edlorm Housing (GH.) Limited established in June 1993 as a Building Construction and Civil Engineering Company is now one of Ghanas biggest Real Estate Developers. Apart from the long lasting quest of the directors to be in the building industry, the company was set up to help solve the Constructional needs in Ghana, and also to create jobs for some of the many unemployed in the country The company since its inception 15 years ago has worked with some notable institutions such as: the Internal Revenue Service, the Ministry of Education, Electricity Company of Ghana, Social Security and National Insurance Trust (SSNIT) and Ghana Water Company Limited building and renovating many of their offices and bungalows. The Sales Executive of Edlorm Housing (GH) Richard Kweku Adu tells Property Express that the challenges have been with the procurement of funds and loans to commence projects. Being careful not to be over reliant on Government projects, Edlorm Housing took the initiative to obtain projects from the Private sector, whiles reaching out to Ghanaians living abroad to meet their housing needs back home as well. For this category, they pre-finance their building projects. According to him, if the financial institutions promptly support the real estate with enough funds then with anticipation the housing deficit of about 1.8 million can be reduced. Commenting on other challenges in the thriving Real Estate Industry, Mr. Richard Kweku Adu stated that land litigation and documentation hinders the process of work for developers. Due to expansion to other towns and villages across the length and breath of the country, installing electricity and water has been a problem to them, Mr. Adu lamented. He advised the youth to save to buy a house if they can rather than renting an apartment which might be expansive in the long term. Adding that owing a home is like a treasure. With the decision to go into real estate development, Elorm Housing has started by putting up executive buildings both in Weija and in East Legon Accra. Overlooking the Exotic Presidential Lodge at Peduasi, Edlorm Villas is a gated community with over 300 houses located at Amranhia, about 8 minutes drive from the Adenta. story: Samuel Mantey Email: sammyoo3@yahoo.com