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The Lagos State Government has urged all the real estate practitioners operating in the State to register with the Lagos State Real Estate Transaction Department (LASRETRAD) in order to monitor and standardise the industry. Addressing members of the press on the activities of the Agency in her Office at Alausa recently, the Special Adviser to the Governor on Housing, Mrs. Aramide Giwason implored all estate agents and property service providers who are yet to register to do so with LASRETRAD to enhance adequate monitoring and compliance with international best practice in real estate business in Lagos.

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With a new technology, Bohemian Estates Nigeria Limited has concluded plans to boost the Nigerian housing sector with the construction of 10,000 IS0 certified housing units at selected locations across the country. To this end, the firm is sourcing for $250million from Czech Export Bank for the project. The firm recently met with the management of the Federal Mortgage Bank of Nigeria (FMBN) to explore areas of collaboration particularly for the supply of credits to real estate developers through its Estate Development Loan (EDL) scheme.

Minister of Industry, Trade and Investment, Dr Okey Enelamah, 25-storey property rots in Central Lagos Realtors urge govt to commercialise edifice Although it is still imposing in size, its sight, however, tells a gory state of how Nigeria manages its real estate assets – the Ministry of Defence complex, popularly called Independence House, located in the heart of the Lagos Island, Lagos State. Worst still, there is perhaps a conspiracy of silence over the ownership status of the once upon ‘pride of the nation,’ as officials

Representative of Lagos Governor, Akinwunmi Ambode, the Permanent Secretary, ministry of Housing, Foluso Adebayo Dipe in a handshake with the former AHCN President, Dr Ifenna Chukwujekwu while the current President, QS. Mohammed Baba Adam looks on during the commissioning of the AHCN TOWERS in Lagos Members of the Association of Housing Corporations of Nigeria (AHCN) have been enjoined to do all they can to reduce the much talked about deficit in housing provision in Nigeria. The call came last week as the Association commissioned a new office complex that will serve as its national secretariat in Lagos.

One of the units in the estate As a proof of its dynamism, a frontline real estate company in Lagos, Propertygate Development and Investment Plc, has again fulfilled its promise to its numerous customers unveiling new homes targeted at the middle-income group. The buildings are residential clusters built on three parcel of land within a precinct upscale residential estate in the Lekki Peninsula area of Lagos. They comprise of fully detached residential units targeted at the middle-income group.

4th Main Bridge  The N844BILLION cost to construct the 38km 4th Mainland Bridge is another example of massive infrastructural project that Public Private Partnership (PPP) initiative can bring to bring about economic boost beyond just over reliance on the govt budget provisions ONLY for all projects. Propose 4th Lagos Mainland Bridge to be completed in 36 months.                        It is

...38km Bridge To Be Completed In Three Years Without Federal Funding- Ambode In what is set to become a major milestone achievement in its 50 years of existence, the Lagos State Government on Wednesday signed a Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge, expected to bring a 14-year old dream to reality. The Bridge, which is geared towards economic growth in the State, is expected to gulp N844billion in a Public Private Partnership (PPP) initiative and would be delivered in three years.

The inter-agency committee will further boost the dream of President Muhammadu Buhari’s drive to produce more housing units for Nigerians and thereby reducing the nation’s housing deficit An inter-agency committee to ease housing delivery for Nigerians was at the weekend inaugurated in Abuja, courtesy of a pact between the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA). The committee came on board, as it was said that about N9 billion was required to produce 30,000 housing units target set by the committee. According to FMBN’s Acting Managing Director, Mr. Richard Esin, the newly inaugurated initiative would generate about 2million jobs.

…Says marketers, transport workers’ interest well protected …Project to gulp $70m, private investor reveals Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said the plan of his administration to transform Oshodi into a world class transport interchange in the next 13 to 16 months would go a long way to depict the regeneration plan of the State, just as he said that the project would also totally remove all notorious activities associated with the area.

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Akinwunmi Ambode Towards ensuring an orderly environment in the metropolis, the Lagos State Government has awarded contracts for the development of masterplans for four new settlements, namely Kosofe in Ketu-Mile 12 environ, Oshodi-Isolo, Ikorodu and Epe. So far, the Ministry of Physical Planning and Urban Development has completed and published six model city plans of Alimosho, Apapa, Agege/Ifako, Mainland, Ikoyi-Victoria Island, Badagry and Lekki to ensure that information about the master plans and model city plans are properly documented for the use of professionals in the built environment and the public.

Sign 5,625 Certificate of  Occupancy The Lagos State Government has generated over N8billion from land matters between May 2015 and March 2016 while Governor Akinwunmi Ambode has signed 5,625 Certificate of Occupancy (C of O) within same period. Mr. Bode Agoro, the Permanent Secretary, Lagos State Lands Bureau made this known at the ongoing 2016 Ministerial Press Briefing of the Lagos State Government to commemorate the first year anniversary of

Accommodate 250,000 as residents when completed while 150,000 individuals are expected to commute to the city on a daily basis either for work or business transaction. The Commissioner for Waterfront Infrastructure Development, Engr. Adebowale Akinsanya made this known today at the Y2016 Ministerial Press Briefing of the Lagos State Government at the Bagauda Kaltho Press Centre, Alausa, in commemoration of the first year in Office of the Lagos State Governor, Mr. Akinwunmi Ambode.

Housing In search for ways to meet government’s obligation of providing affordable housing to the teeming population, the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) have agreed to sign an Memoradum of Understanding (MOU) to meet the President Muhammadu Buhari’s annual target of delivering one million housing units. The institutions also agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing Scheme for selected federal MDAs, the Federal Integrated Staff Housing (FISH) Scheme for federal civil servants amongst others.

Olaleye Aluko There is tension in Oko Olomi, Olowu, Adeba, Itapanpa and Ijegi communities in the Ibeju-Lekki area of Lagos State after gunmen invaded the areas. PUNCH Metro learnt that the gunmen came in at about 7am on Sunday and shot sporadically during which seven persons were injured. Our correspondent gathered that the hoodlums, said to be about 50, told residents to leave their houses as the land in the communities had been bought by a company.

The Lagos State Government has inaugurated a 24-member Technical Committee on Village/Community Excision as part of efforts by the present administration to resolve issues and procedures on village excision and other land related matters. The members of the technical committee, which was created to formulate new procedure for processing Village/Community Excision issues, were drawn from various land-handling Ministries, Departments, and Agencies of the state government.

The Lagos State Government has released the sum of N10.8billion to date to ensure completion of the ongoing construction of 114 roads across the 20 Local Governments and 37 Local Council Development Areas in the State by the end of June, 2016 In a statement signed by the Commissioner for Local Government and Community Affairs, Mr. Muslim Olohuntele Folami on Wednesday , the Government said that the construction of the roads was made possible through tax payers' money. The Commissioner said that the second stage payment of N5.5billon released on Monday represents 61 per cent of the total cost of the 114 roads at N17.85bn.

Housing A public-private partnership (PPP) agreement has been signed between Isoko North Local Government Council of Delta State and Messrs Nefkon Nigeria Limited for the construction of 50 housing units for its staff and other stakeholders in Ozoro, its headquarters. The houses to be completed in six months time from the day of commencement will consist of 30 units of two bedroom and 20 units of three bedroom bungalows. Signing the memorandum of understanding (MoU) with the partnering firm, Nefkon Nigeria Limited at the conference hall in his

Housing All is set for the Abuja Housing Show as ten countries, 20 organisations and 200 indigenous companies have indicated interest to participate in this year’s annual gathering of housing stakeholders. The exhibition organized by FESADEB Communications Limited, producer of Housing Programme on AIT Abuja and Housing Time on Raypower will showcase top building materials producers and housing finance companies. The forum provides opportunity to mortgage banks, developers, building

In order to keep up with the pace of the transformation in service delivery and e-governance policy as well as embrace global best practices in the way of doing business, the Lagos State Government has introduced the e-Planning Permit platform in order to accelerate Planning Permit processing in the State. The Commissioner for Physical Planning and Urban Development, TLP Wasiu Anifowoshe disclosed this today at the Bagauda Kaltho Press Centre, Alausa during the Y2016

Global prime residential real estate continued its steady climb in the first quarter of 2016, according to a new report by Knight Frank. The index increased 3.6 percent, within the 3-4 percent window observed every quarter since late 2014. However, this is a result of a handful of booming markets rather than stable growth across the board, meaning the 3.6 percent number obscures the fall of some markets. “In Hong Kong a raft of cooling measures aimed at improving affordability for local residents and deterring speculative

Aisha Buhari In fulfillment of its social responsibility to its workers, the Ogun State Government has drawn the curtains on 160 units of two and three bedroom detached and semi-detached bungalows for its employees. The feat was part of the efforts by the State Government towards providing affordable housing for its workforce. Wife of the President, Hajia Aisha Muhammadu Buhari, while commissioning the phase 1 of the estate, named after the first Head of Service in the State, Chief

One of the affected buildings Residents of Okun-Mopo, in Lekki-Epe axis of Lagos State have appealed to the state and Federal Government to rescue them from the nefarious activities of land-grabbers, who are bent on forcefully taking their Sangotedo land from their rightful owners. According to them, the disputed land belongs to the traditional rulers of the Okun-Mopo community and is held in trust by the Isiaka, Oladehinde and Balogun families. But to their dismay, Lagos State government allocated the property to one Ajayi Apata Property Ltd, without any form of compensation to the indigenous owners of the land.

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 You’ve picked a good time to learn about selling and buying real estate notes! With the struggling economy and failing banks the need for seller financing and note buyers is on the rise. In our 40+ combined years working with real estate notes, we haven’t seen demand this high since the 80’s. Everyday our office is contacted by property owners, investors, and note brokers asking how to make owner financing and the note business work for them. We’d like to share this overview of the industry along with helpful resources for learning more about the paper business. What is The Note Industry?

For people who are new to investing, there are a lot of terms and concepts that might seem foreign at first. Understanding the basic principles of investing can help to make you a more competent and efficient investor. A good place for any new investor to start is with the concept of notes. Real estate notes are essential to your investment strategy, and the right knowledge can have a dramatic effect on your portfolio. When I first started in trade options, I didn't know all of the terminologies. It took me

Orisun Estate Kuje is borne with a passion and a mission to provide qualitative and mass housing for Nigerians within and outside the Federal Capital Territory. It is an Estate conceived with the view and quest for excellence, comfort and elegance away from the busy and noisy environment. Orisun Estate, Kuje is 12 minutes drive from the International Airport, 5 minutes drive from Kuje Junction and directly behind the centenary city. An economic forecast/projection into Kuje Road/ Airport Road shows that there will be a geometric demand for land compared to lands available in it. In other words, there will be higher demand of land than it can be supplied. We have designed Orisun

An informative/enlightenment real estate programme on: * News * Updates on market share * Best deal offer * Interviews with experts /artisans in building construction * Properties value for sale/lease * Company's promotions. Etc Get to know how, where, what, with whom and when to build with ease. THE KINGBuilder Show... Best Bargains in Real Estate.

The Lagos State Government is set to complete ongoing construction on the road/bridge leading to the Whispering Palm Resort in Aradagun, Badagry Local Government Area of the State by November 2016. The State Commissioner for Works and Infrastructure, Engr. Ganiyu Johnson disclosed this recently during an inspection tour of the Ministry’s ongoing and completed projects in Badagry.  He said the absence of the bridge, which has been hampering the potential of the resort and the adjoining communities, is due for completion by October/November as promised by the contractor handling the project, Messrs CCECC Nig Ltd.  According to him, “The present culvert boxes on the road which could not meet

  The Lagos State Government has released the sum of N1.6billion as part of its equity contribution in the Lekki Free Zone Development Company (LFDC) to boost the on-going infrastructural development as well as encourage investors’ participation in the project. The Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye, who disclosed this today at the 2016 Ministerial Press Briefing of the State Government in commemoration of the first year in office of Mr. Akinwunmi  Ambode at the Bagauda  Kaltho Press Centre , Alausa said he is engaging the host communities to ensure a sustainable cordial relationship with investors in the zone.

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Stocks used to be all the rage. 30 or 40 years ago, playing the stock market was essentially a necessary pass time. If you weren’t playing it, you were watching it. The stock market was the national monitor for how well the entire world economy was fairing, so it was something every single person cared about. While it is true that the stock market is still a global economic thermometer, the number of average Joes who pay attention to it has dwindled. Even those who are financially savvy are starting to shy away from it – in fact, a recent Bankrate survey shows that only 17% of Americans actually use the stock market as their preferred form of investment and cash output.

The proposed County Apartments, Lagos Lagos-based real estate development firm and promoters of Lekky County Homes Estate, Megamound Investment Limited has broadened the range of options available in the scheme with the introduction of luxurious three bedroom apartments to the on-going project. Managing director of the firm, Olumide Osunsina, said last week that the County Apartments are designed exclusively for those who desire a truly unique social environment. “Each apartment incorporates a distinctive design with modern innovation to create homes with unique settings of spacious three bedroom with baths, visitor’s toilet, font and back side balcony, fully equipped kitchen and car park.”

A housing estate in Lagos Since the land is not expanding but shrinking in size, coupled with the challenge to provide more functional homes for her citizens, the Lagos State Government may have to review her physical planning law As a way to tackle the high rate of homelessness among Lagos residents, the State Government may have started considering the possibility of reviewing its physical planning law to legitimize more vertical designs in the state.