‘Real Estate Development Must Go Beyond Building Houses’

The group managing director of Abuja Investments Company Limited (AICL), Ambassador Maureen Tamuno, has called for a people-centred approach to real estate development, stressing that the sector must address fundamental housing needs beyond the construction of buildings.

Tamuno said home ownership represented security, dignity and a significant lifetime investment for many families, underscoring the need for developers to prioritise affordable housing and inclusive community growth.

She spoke recently in Abuja at a symposium marking the 20th anniversary of Abuja Properties Development Company (APDC), a subsidiary of AICL, themed “From Foundation to Landmark: Building Communities and Enriching Lives.”

The AICL chief executive said APDC’s next phase of development must focus on expanding housing opportunities, while leveraging infrastructure development across the Federal Capital Territory (FCT) to unlock investment potential in emerging districts.

She noted that improved road networks and connectivity across the FCT were opening up new districts and creating opportunities for real estate investment.

Tamuno reaffirmed AICL’s commitment to supporting APDC in advancing affordable housing, sustainable real estate development and inclusive community growth.

She added that the company’s 20-year milestone provided an opportunity to strengthen its contribution to housing delivery and community development.