Frequently Asked Questions
You can modify the interior of your homes subject to approval from the developer.
Homes are “solar power ready” – this means that the infrastructure to install solar power have been provided. These include a battery / inverter room, heat extractors where necessary, conduit pipes to the roof, interface to home power etc. However, a homeowner will need to procure and install solar equipment.
Infrastructure (roads, drainage, power, and water) is communal and cannot be constructed independently for each block. Instead, it is being developed in phases according to the buildings scheduled for handover. The first phase of infrastructure services the first 41 buildings in the project.
For the conveniences of all homeowners, all homes will be fully finished. This will minimize noise and other associated and construction annoyances for residents.
Homes are allocated upon full payment of the purchase price.
Homes are allocated upon payment of 40% of the purchase price
There will be service charge payable for the security and maintenance of public infrastructure and facilities. The service charge amount depends on the unit type and is revised annually based on budget requirements
Legal documentation costs and survey costs are payable at hand-over.
The Ajayi Apata Estate, within which Cocoon Atlantic is located, is a Government Approved layout and is free from government acquisition. Homeowners will get a Deed of Assignment.
Subscribers can take full ownership of their homes, for personal use or to rent out on completion of their payments.
Delivery of homes in the first and second phases will commence in June 2023.
The NHF mortgage option is not available at the moment. However, Cocoon is exploring partnerships with reputable institutions that can provide easily accessible and affordable loans to our prospective clients.