Frequently Asked Questions

1. About Petra Lucy Homes?

Petra Lucy Company with a wealth of experience in Residential, Commercial and Mixed-Use Developments. Petra Lucy Homes is focused on delivering optimum results while working with experienced architects, engineers and highly skilled units of all specialties.

2. Project types?

We have completed Semi-detached houses, Off-plan/Ongoing Projects such as: Maisonettes, Flats, Penthouses and Terraces.

3. Project locations?

Anambra: Government House Awka, Ugwunabamkpa Onitsha, Ogidi, Nnokwa, Nneni, Housing Estate Asaba.

4. What is the level of demand in these locations?

Factors such as the calibre of people, significant security and other premium facilities available creates desirability that creates very high demand in these locations.

5. What is an off-plan project?

Off-plan property refers to a property or development that is still in its construction or planning phases, and so hasn't been completed yet.

6. What does buying properties off-plan mean?

An off-plan property investment means purchasing a property before the actual construction is complete. It’s committing to an idea before seeing the final result.

7. What are the benefits of off-plan purchase?

One of the benefits of this type of property investment is the pre-construction or early construction sale price. Buyers get a low entry price which gives a very high probability of investment appreciation even before the project is ready for occupancy. Hence the most crucial part of an off-plan investment is getting a great location. In other words, purchase prices are significantly lower than the average while you can attain strong Capital Growth or even resell at a Profit before completion. Off-plan purchase also gives the opportunity to buy the property with convenient deposits and staged payments. Buying at early stage also gives the advantage to have an input into the central décor and general fittings. In some cases, there are specific upgrades offered free of charge to early buyers.

8. How do I get the right spot?

Identifying a location with the potential of being successful investment is paramount. It’s strongly advised for buy-to-let investors to consider the level of rental demand in that particular location as well.

9. How do I know the project will be delivered as planned?

We have a well-established reputation and good track-record that can be verified. In addition, we also work with experienced architects, engineers and highly skilled units of all specialties. We encourage our subscribers to check on their home or unit several times while it is under construction and give feedbacks.

10. How is my investment safeguarded?

As with any type of investment, there is an element of risk. However, you can mitigate the risk by purchasing in key locations (like ours) where demand will be there for the foreseeable future. In addition, we build with quality in mind while our projects are delivered with the best impression.

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