Southeast Ghana, particularly the Greater Accra region, is emerging as the next destination for expansion in residential and industrial development. With its favorable climate and abundant natural resources, Ghana has become a hotspot for opportunities and growth in recent years.
The economic policies and cultural landscape of the country have attracted investors and individuals from neighboring nations, leading to a significant increase in population in various regions, especially the capital city, Accra.
Accra, being a cosmopolitan city and the nation’s capital, has experienced tremendous growth in commercial and residential sectors over the past three decades.
This growth has resulted in the saturation of prime residential areas and a steep rise in property prices. Locations such as Cantonment, Labone, East Legon, Spintex, and Ringway Estate have witnessed a massive surge in both development and property costs. The escalating prices and limited availability of land have posed challenges for those seeking to purchase property in these areas.
As central Accra becomes increasingly expensive, the need for alternative locations that can accommodate industrial growth and support a growing population has become apparent.
Tema, another city in Ghana known for its port, has emerged as a promising solution. The relatively slower development of infrastructure in Tema has attracted investors and industrialists to establish their businesses in close proximity to the port.
This has stimulated industrial growth and, subsequently, increased the demand for residential properties. As a result, areas near Tema such as Community 9, 10, 25, Afienya, Dawhenya, and Prampram have witnessed a surge in growth and investment.
Prampram, renowned for its serene beaches and flat terrain, is particularly well-suited for residential development. Its accessibility to urbanization, combined with the benefits of a rural setting, has made it an attractive location for both local and international homebuyers.
Recognizing the rising demand, the Ningo Prampram District Assembly (NiPDA) has outlined a four-year Medium-Term Development Plan (MTDP), aiming to transfer the entire Ningo Prampram district by 2025. This plan is also part of the Long-Term National Development Policy Framework, spanning from 2018 to 2057.
Prampram’s development aligns with the expansion plans of the greater Accra city. Seizing the opportunities presented by Prampram’s growth, several real estate developers are investing in land to meet the increasing demand for housing.
Swami India Ghana Ltd , a leading real estate developer in Accra, has launched a unique project called
Springfield Estate . This gated community offers serviced plots with underground electrical and water lines, as well as well-built internal concrete roads. Moreover, the estate provides world-class recreational facilities, including swimming pools, outdoor gyms, children’s play areas, basketball courts, lawn tennis courts, and a multi-purpose hall.
These amenities and facilities add value to the estate, ensuring that homeowners can build their dream
homes with ease, peace of mind regarding land titles, and the assurance of well-developed infrastructure, security, and safety.
For those looking for lucrative investment opportunities, Prampram presents an excellent choice. By securing investment in this emerging area, investors can benefit from the substantial growth potential and value propositions. Among the developers offering maximum benefits and value propositions to investors, Springfield Estate stands out as an attractive option.
In conclusion, Southeast Ghana, particularly the Greater Accra region, is witnessing a shift in residential and industrial expansion from central Accra to areas like Prampram. The increasing population and demand for housing, coupled with the rise in industrial activities, have transformed Prampram into a prime investment destination.
With developers like Swami India Ghana Ltd offering exceptional projects such as Springfield Estate, investors can capitalize on the opportunities and reap the benefits of this.
Source: GhanaWeb.com
