In that famous line from the 1967 film “The Graduate,” an older man gives Benjamin Braddock that one
word of advice. Now, the economic future belongs to “sustainable” because of consumer demand driven by an overwhelming desire to do right by society, economy and the environment.
This underscores a need for new models of housing, as the older ones will not hold their value by today’s Renewable Energy Standard. Meaning the next generation of home buyers, who are mostly urban with trendy lifestyles, will be quickly drawn to a more energy efficient model of living.
Considering the post-pandemic effect, many young and future buyers will want and are attracted to houses with smart functional spaces fit for work-from-home lifestyle, a central bar area and coffee nook, large windows for ample light, energy star appliances with large open table areas to encourage social interactions and family time.
The quest for modern solutions led 28-year-old Noah Ibrahim, a graduate of Mechanical Engineering from Obafemi Awolowo University (OAU) in Osun State, Nigeria to setup Novarick Homes and Properties in 2019.
The company was selected twice (2019 & 2020) among the Top 100 fastest-growing SMEs by Businessday Nigeria and inducted as a Member of the Green Building Council of South Africa (GBCSA) on July 23, 2020.
As described by Wikipedia, sustainable living is a lifestyle that attempts to reduce an individual’s or society’s use of the Earth’s natural resources and one’s personal resources. This means prioritizing the use of natural and renewable resources instead of creating excess waste and depleting the resources for future generations.
So in 2020, the real estate firm commenced the development of a green building with IFC Edge Certification at Ruby Apartments after initiating the Nova Gardens, WAZOBIA Court and Earl’s Court in the heart of Ibeju-Lekki. The premium private green project when completed will run on renewable energy supply with fantastic architecture, interlocked roads, underground electrification backed by very good drainage system.
During an interview, CEO of Novarick Homes, Noah Ibrahim shared the company’s plan to deliver 300 units of 1, 2 and 3 bedroom bungalows by the end of 2022, using a newly acquired 3D House Printing Technology which has the capacity to produce a single unit within 48 hours.
Ibrahim elaborated on the plan to revolutionize the real estate industry using an advanced construction technology. The new 3D House Printing will not only reduce construction time, but also save the cost of construction by over 45% per unit without compromising quality and standards.
Novarick Homes and Property is driven by the United Nations Sustainable Development Goals – to provide affordable and clean energy,
innovation and infrastructure, funds for industries, build sustainable cities and communities. By 2025, the company aspires to have become truly Pan-African, with well-grounded investments in commercial and industrial real estate across different African Countries.
Novarick plans to provide eco-friendly houses for over 1000 homeowners and partner with the Lagos State Parks and Gardens Agency (LASPARK) in Nigeria to plant 5000 trees in the next 5 years. Finally, research has shown that the homes of the future will offer a combination of renewable energy solutions with the ability
to harness electricity especially in remote locations which are not connected to a national grid. Innovation has also shown that solar panels can be installed on rooftops to eliminate the challenge of finding space around the house for equipment.
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