Frequently Asked Questions (FAQs)

Welcome to the Dandatec Housing Cooperative FAQ page. Find answers to common questions below.

How long will the membership window be open?

Membership Window

The membership window is always open. Dandatec Housing Cooperative is a lifetime investment cooperative that seeks investment opportunities in real estate. Our investment timeline per project is a maximum of 6 to 12 months. Once one project is completed, we move to another location.

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Can I still join now for the ongoing project, or do I have to wait until next year?

Ongoing Project

Our timeline for the ongoing project has already started, and existing members have until December to contribute their 1 Million Naira standard investment. If you join now, you’ll also have the opportunity to raise and commit your investment on or before December 31st.

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Who is eligible to be a member?

Eligibility

Membership is open to all, provided you have the financial capacity for the initial investment of 1 Million Naira and 1.2 Million Naira for the second 500 plots for the initial investment of 1 Million Naira.

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I want to invest more than 1 Million Naira. Is it possible?

Invest More

Yes, it’s very possible. You can invest more than 1 Million Naira at a standard increment of One Million Naira per investment.

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Will I get my profit after the first investment?

Profit

At the end of every investment project, profits are distributed to members, excluding your principal investment and the 15% reserved for the parent company and 35% top-up to your initial capital. Subsequently, each member’s principal investment is moved to another prime location for the next project.

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What if I want to retain my land after a mass purchase?

Retain Land

You can retain your land by purchasing it at the value price at the point of general sales. You may use your accrued profits towards the purchase if they cover the land's cost.

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Can I reinvest my profit?

Reinvest Profit

Yes, you can compound your interest. For instance, you can reinvest your 2 Million Naira profit along with your initial 1 Million Naira investment, making it 3 Million Naira in the next project.

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What do I do now to join immediately?

Join Now

Click the link below to fill out a membership form for a token fee of Twenty Thousand Naira Only (N20,000). Subsequently, before December, you're expected to have completed your 1 Million Naira investment.

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Contact Information

Phone: +234 704 044 2494

Email: dandatechousingcooperative@gmail.com

Website: www.dandatechousingcooperative.com

Address: 47b Fidelity Estate, Enugu

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