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The Nigerian Railway Corporation (NRC) tested the passenger coaches on the Abuja-Kaduna railway line last week. The actual flag off is expected in a couple of weeks’ time at N900 for business class and N600 for standard class, the Managing Director, Mr. Fidet Okhiria. Starting from from Idu Rail Station, Abuja at 8:27 am, traversing Kuchibon, Asham, Jere, Gidam, Dutse and Kaku stations, the test ride ended at Rigasa, Kaduna at 12:45pm on Wednesday. Once the full operations start, travellers between Abuja and Kaduna will only need

Tenant’s Dilemma I am filling out the Form but there is a problem. Here it comes… “How much do you earn?” This was the moment of truth. I had purposely left out this portion of the ‘Tenant Evaluation Form’ sent to me by the Landlord’s agent for the simple reason that I found such enquiry unnecessarily intrusive. I had filled out all other portions of the Form – details of my family life, my job, where I had lived before, listed out references and so forth. The Form had gone into every facet of my life in detail and I felt that the information was enough for the Landlord and his agent to be able to draw conclusions on my character and financial standing. But they wouldn’t stop there – the shocker was waiting for me.

The IMB Plaza on the corner of Ahmadu Bello Way and Akin Adesola Street in Victoria Island, Lagos New owners may emerge in few months time for the IMB Plaza, a magnificent structure on Victoria Island Lagos, as a financial institution, the owner of the property has decided to sell the historic high-rise. The imposing five-floor mirrored building with penthouse for decades has been a landmark structure situated on the corner of Ahmadu Bello Way and Akin Adesola Street and for years served as the headquarters of the defunct International Merchant Bank (IMB). Designed by Inchscape Architects, the building was the talk of the town in 1985

CBN Lagos Two years after talks ended on cost and professional fees for the phase two of the Central Bank of Nigeria (CBN) Lagos office complex, the project has been stalled by bureaucracy occasioned by the changes in government.   The Guardian’s investigation at the weekend revealed that the project is now in the cooler, much to the chagrin of industry watchers and staff of the apex banking institution.   It would be recalled that the old banking hall was gutted by fire over three years ago as the phase one project was nearing completion. This necessitated the

PHOTO: ibtimes.co.uk The prime property market in London is likely to be the affected the most by the referendum results in the United Kingdom, which will see the country leave the European Union. Sales activity and price growth in the prime London residential market have already both slowed since the middle of 2014 and in the run up to the historic vote many commentators and experts were predicting that a vote to leave would affect London the most.

Head, Finace, Propertygate Development and Investment Plc, Mr. Vitalis Anieze (left); Managing Director, Mr. Adetokunbo Ajayi; and Chief Executive Officer, Sofunix Investment and Communications Limited, Mr. Sola Oni, during a media interactive session on Propertygate Real Estate Advisory Services in Lagos, recently Notwithstanding the harsh economic challenges bewildering the nation’s economy, an investment and real estate development company, Messrs. Propertygate Development and Investment Plc, has said it would undertake and deliver more rewarding real estate projects. The Managing Director and Chief Executive Officer of company, Mr. Adetokunbo Ajayi, gave the assurance last week while rendering account of his company during the firm’s 7th Annual General Meeting held in Lagos.

…Vows to treat culprits as criminals The Lagos State Government on Monday set up a Task Force to check the menace of land-grabbing in the State, just at it vowed to tackle the activities of land grabbers popularly called Omo-Onile with the full deployment of resources of government and applicable law once and for all. Speaking while inaugurating the Task Force, the State’s Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, said the administration of Governor Akinwunmi Ambode is determined to apply the full weight of the law to permanently address the issue, adding that the havoc and unrest being caused by land grabbers was no longer acceptable.

…Partners Thomson Reuters on GIS Lagos State Governor, Mr. Akinwunmi Ambode on Friday said that his administration was working towards ensuring effective land administration that would go a long way to secure the future prosperity of the State. The Governor who spoke when he received a delegation from Thomson Reuters, led by its Managing Director-Africa, Sneha Shah on a courtesy visit at the Lagos House, Ikeja, said that the State Government decided to partner with Thomson Reuters to improve land administration in the State.

THE-LAW Real estate law Lagos Nigeria – Nigeria real estate law is a combination of so many laws that regulate the real estate industry in Nigeria. These laws are many as you will expect for a nation as big as Nigeria. Obviously, we cannot consider all of these property laws here. But some important and critical ones are worth mentioning to keep you well informed so you can make the right choices, make the right investment, and make money. It also

Case in point: This bedroom — it makes four of them. If you ever spent more time agonizing over the difference between "Sunshine Yellow" and "Daylight Yellow" than you have with your family in a given week, we feel your pain. Choosing a color isn't a decision to take lightly, as it sets a room's mood and impacts how your furniture looks. Don't do these, say the pros: MISTAKE #1: PAINTING A CEILING FLAT WHITE. The biggest wall in a room is the one most of us don't even think about. "I never paint a ceiling dead white because all white paint has a bit of gray in it, and it takes the room down," designer Athalie Derse says. Her suggestion: Choose a cream shade instead. (And we suggest hiring a pro for this job.) MISTAKE #2: GOING TOO MATCHY-MATCHY. It's tempting to keep things easy and just

An additional 49,000 homes across Nigeria acquired solar lighting and power systems in just three months this year with help from Solar Nigeria. The United Kingdom Department for International Development has approved an additional £16.7 million for Solar Nigeria to help scale the market for solar home lighting and power in Nigeria through to 2020, enabling millions of Nigerian households to experience reliable power for the very first time. The pilot programmes in 2015 provided capacity building grants of £1.5 million to

The Lagos State Government through its agency, Lagos State Planning and Environmental Monitoring Authority (LASPEMA) has issued contravention notices on some distressed buildings in Ajegunle and some other parts of Ifelodun Local Council Development Area of the State. The contravention notices follows an inspection tour by officials of the agency who decried the unlivable state of over thirteen buildings in the area which is already structurally unstable.

The game has changed - once again - and the competition is huge. In order to stay ahead of your competitors and keep on top of your market, you have needed to have a comprehensive package and automated business set up for yourself. You have to have a competitive edge - so what does this mean? You need to look elsewhere for the deals than just the MLS or Trulia. It's time to start looking off-market. WHAT ARE OFF-MARKET, VACANT PROPERTIES?

Price: NGN160million. Title: C of O Good deal for investment. Take advantage of this Opportunity!!! For more Info pls Call

Governor Ambode in a statement signed on Tuesday by the State Commissioner for Information and Strategy, Mr. Steve Ayorinde, said that the Smart City (Lagos) is expected to bring multi-billion dollars investments to the State, create thousands of jobs and transform the Ibeju-Lekki axis in particular and the entire Lagos State in general. He said: “A Smart-City Lagos will be the pride of all Lagosians just as we have Smart City Dubai, Smart-City Malta and Smart-City Kochi (India). We are encouraged by the fact that we do not, as a government, need to develop at a

Cherry Wood Courts is located at Osoroko Town, along Lekki Free Trade Zone. It is immediately after Dangote Refinery. Title: Global C of O PRICE: N2million Per plot (outright payment)              N1million Half plot (outright payment)           NOTE: Instant allocation guaranteed

18 Units of 4 Bedroom flats in a serene environment with good road network. Each flat comes with a fully fitted kitchen and a high capacity inverter. The Court also has a service generator and will also be under 24 Hours CCTV surveillance. Need more information on terms of sales?

The Lagos State Government and the City of Dubai have entered a Historic Partnership that will create the first Smart City in Africa. The Memorandum of Understanding for the Lagos Smart City was on Monday signed at the Emirate Towers by the Lagos State Attorney General and Commissioner of Justice, Mr. Adeniji Kazeem and the Chief

With a minimum rental guarantee of 5% per annum Price as low as N700,000 per sqm TAF AFRICA HOMES 07000748823 Trans-Amadi, Off Odili Road, Port Harcourt

Ebute-Metta- Flexible Payment Plan Available. Ground Floor (2 Bedroom Flat): Lounge - 14.29sqm, Toilet & Shower - 4.38sqm, Kitchenette - 4.86sqm,Bedroom 1- 11.48sqm, Bedroom 2 - 11.58sqm Duplex (Ground Floor): Anteroom- 4.56sqm, Visitors’ toilet - 2.63sqm

In an effort to address traffic congestion in major parts of the State, the Lagos State Executive Council under the leadership of Governor Akinwunmi Ambode in December last year approved the construction of flyover for two of the State's high-density traffic zones- Ajah round about and Abule Egba junction. The two major projects shortly after approval were duly awarded to contractors

6 Bedroom Duplex on 1,200sqm for sale at Nicon Town Estate, Lekki. Title: C of O. 260million For more Info pls Call

Astoria high-rise residential tower in Texas, United States United States-based firm, Houston EB5 has unveiled its completed $70 million Astoria high-rise residential tower and launched another luxury development known as Thompson Hotel and Residences in San Antonio, Texas. The tower received a great deal of interest with all 75 residences being sold-out before construction on the project was concluded. In 2010, Houston EB5 tapped a federal program targeting wealthy foreigners to fund their real estate projects; a $70 million

Thanks to the Internet and your realtor’s digital tools, you can learn a lot about a home before visiting. However, some things, are best to ask the agent in person when you’re touring a property. Who is the owner and why is he/she selling? It’s crucial to know who the owner of the property, their relationship to the property and their motivations. Is it the original purchaser or the recipient of a bequest from a will? Though, the agent isn’t obligated to tell you, he or she might. The answer could reveal

Worried by the long hours of traffic Lagosians spend on the ever busy Third Mainland Bridge, Lagos State Governor, Mr. Akinwunmi Ambode within the first month of his administration visited the Iyana Oworo Bus Stop to access the situation. The Governor, accompanied by key members of his government discussed the possible solution to the persistent traffic and decided that a segregated Bus Park would go a long way to alleviate the problem.

According to real estate agent and investor Josh Altman, the star of the hit TV showMillion Dollar Listing, the answer is a resounding no. He says: “There is a new generation of real estate investors that have emerged in the last five years making a killing in real estate. The crazy thing is, a lot of them started with little to no money in their bank accounts and no prior experience. Systems and technology have leveled the playing field. Anyone can be a successful real estate investor if they have a solid plan and put in the work.”   What advice does Josh have for those looking to break into the real estate investing world?  What would he tell the active investor who wants an income increase? Here are his top-five tips for someone looking to make money as a real estate investor. 1. Start out in real estate part-time. It’s not necessary to quit your day job to be a successful investor. It’s easy to get started

Credit: Aramado Buying or renting a house is a very tricky endeavor. It’s not as easy as buying a bottle of groundnuts. You have to work hard at it and despite your best efforts, you cannot do it alone. Fortunately and, unfortunately, you will meet a lot of characters on your journey. It’s best that you’re prepared to deal with each one should the need arise. Here are some of the likely characters you’ll meet on your real estate journey 1.     Estate Agents, Valuer & Surveyor As the primary guide on your journey, your agent has a fiduciary responsibility to look out for your best interests. He or she should

Landed property business is currently booming in Lagos and most other parts of the country and this boom is projected on the increase in the foreseeable future. In our professional opinion this aspect of real estate is easiest in terms of calculated returns. Buying plots of land  in Lagos is not as difficult as popular believe. A good purchase in at a time is likely to double in value in 52 weeks if bought in the right space/location, our smart can this be? Buying cheap lands and reselling for profit or what we call LAND FLIPPING is a business for smart and wise investors because, ITS SIMPLY NOT ROCKET

Life is already hard enough on first-time home buyers who aren’t aware of just how expensive and complex the real estate market can be. Because of how strong the market is currently, combined with rising rent and housing rates, it’s hard for someone to step out of leasing property into actually owning it. One of the first steps in getting ready for buying your first home is making sure your finances are in check. You need to be aware of key information in regards to your credit, debts, income and any assets you own. Your best bet is getting a pre-approval. This means asking a lender to make sure your

DREAM COURT IV, LEKKI LAGOS - NOW SELLING! The Project which comprises of 30 Luxury Flats with an attached Boys quarter will be a contemporary Luxurious design hoping to surpass the expectations of subscribers who have commenced buying into this project on an Offplan basis. This stems from the huge return on investment of its previous project and the company's remarkable project delivery track record riding on the success of Kiryan Court, Dream Court I-III, Crystal Dreams apartment and the Victoria Crest apartments.

RIV | TAF Golf Estate The Golf Estate comprises a selection of 2, 3, 4 and 5 bedroom properties from Apartments & townhouses to Villas all built to the highest standards. Estate Amenities include a Shopping Mall, Golf Course, Children Play Area, Swimming Pool, Jogging & Bicycle Track,Club House, Security Tennis Court and more. APARTMENTS The Golf Estate comprises a selection of 2 and 3 bedroom apartments all built to the highest standards. With 608 units built, there are only a limited Number of flats remaining. Please scroll through the images in the post to get an idea of the look and feel of the properties.

Ramadan Kareem Emirates Park & Gardens - Now Selling! LOCATION The Hajj @ Atan-Ota, Along Sokoto Road PRICE 30% Off N1,000,000, Now  N700,000 For Full Plot 30% Off N500,000, Now N350,000 For Half Plot Emirates Park & Gardens ‘The Hajj’ Brings In A New Era Of Urban Living. Located In

CAMERON GREEN LOCATION 1&3 Cameron Road, Ikoyi, Lagos PROPERTY DESCRIPTION Located on highbrow Cameron Road, Ikoyi and built exquisite taste, Cameron Green boasts of luxury apartments complete with various recreational facilities for you and your family’s comfort. Be rest assured, you’ll find no better luxury apartments anywhere around. FACILITIES * Open plan estate with individual parkin

Odusolu In early 2,000, Legacy Realties was a household name as it pioneered developments in the Lekki –Epe corridor. Today, that fore sight has brought gains to some property investors. In this interview, the founding Chief Executive Officer, Legacy group and now Managing Director, Ogun Property Investment Corporation (OPIC), BABAJIDE ODUSOLU gives some tips to real estate operators. He told CHINEDUM UWAEGBULAM that developers must adjust their models towards reducing the incidents of crisis with landowners; current Ogun administration is charging fair value for its property and ready to partner with developers. For more than two decades, your property development firm- Legacy Realties reigned supreme in the construction industry. How did it all start? Legacy was founded in 1997 at a time when the property development sector was still in

The Richmond Gate estate, Lekki, Lagos Completes 80-unit Richmond Gate estate Developers of exotic lifestyle homes, Haven Homes Limited have teamed up with renowned award winning interior designers operating out of Nigeria and the United Kingdom, LeDyvine on its 2016 architectural designs. The 2016 Models conceptualized by LeDyvine, owned and managed by the internationally renowned interior architect, Mrs.Toyin Yeriforunder are being test run at the Richmond gate estate. About 80 units have been completed in the estate.

Beautiful Contemporary 3 Bedroom Affordable Terraces In Lekki With And Without BQ -- N5m Difference In Price For Units With No BQ Where Intelligent Design Meets Aesthetics To Create The Perfect Backdrop For The Modern Lifestyle INTRODUCTORY PRICE: N34.7MILLION (WITH BQ) INTRODUCTORY PRICE: N29.9MILLION (WITHOUT BQ)

Unilag Estate Magodo Title: C of O Price: N40million For more Info pls Call Huios Realtors: +2348063454724, +2347087651431.

Continuing increase in population especially in the urban areas of Nigeria has led to astronomical increase in the demand for affordable housing whilst the supply side remains for the most part underdeveloped and unable to meet growing demand. Attempts by the Nigerian government to increase investments in the real estate side of the Nigerian economy have remained unsuccessful as a result of the following factors: a. Expensive, cumbersome and complicated land tenure and transfer of legal title in land procedures. b. Expensive cost of funds with high interest rates for construction and mortgages in comparison to the long term rentals expected by an investor in the real estate market.

5 Bedroom Terraced house situated in Magodo Shangisha, designed & built by the Haven Homes. Price : N70M asking For more Info pls Call

Rehoboth Park & Gardens is located along the Free Trade Zone, Ibeju-Lekki where Dangote Refinery and Dangote Fertiliser plant is also situated. This is the location where every big business is targeting. BUY NOW! PRICES RISING ALL THE TIME!! Precisely 12 months ago when we started Rehoboth Park & Gardens, a plot of land (600m ) was N1,500,000 but today the same plot sells for N4,000,000 (about 150% return on investment) with a calculated projection to go for N6,000,000 before the end of the year based on the ongoing infrastructure (300% return on investment). In real estate NEIGHBORHOOD:

Neymar  The 24 year old Barcelona and Brazil footballer is currently holidaying in the U.S and has rented a mind-boggling £7000 per night Beverly Hills home where he's living the life, and has recently hung out with Michael Jordan, Lewis hamilton and Justin Bieber. The seven-bedroom Luxury villa has its own library, a Jacuzzi, a wine cellar,  gym, sauna, breakfast room, gourmet chef’s kitchen, a large powder room, huge

You can't see into the future, but you can make an informed decision. Buying or selling a home at the ‘right time’ is tougher than it sounds. People usually take these actions because of a life event or financial issues. The economy and real estate forecasts tend to be secondary considerations. Yet both buyers and sellers often pose the question, “When is the best time to buy or sell?” If you have the luxury of choosing when you enter the real estate market, here are some points to consider when timing a home purchase or sale. Every market is different

Managing Director, Shelter Afrique, James Murgerwa (left); Chief Operating Officer, Afro – Asia Shelters International, Francis Onwuemele and Minister of Power, Works and Housing Babatunde Raji Fahola, at the signing of MUO between Shelter Afrique and Afro- Asia Shelters International. Fresh building blocks were again laid unto the housing sector last week, when the pan African housing institution, Shelter Afrique endorsed an agreement to support a private sector led effort in the construction of 3,000 unit housing programme in the Federal Capital Territory (FCT). The deal was sealed at the sideline of the 35th Annual General Meeting and Symposium of Shelter Afrique in Abuja

Not everyone wants to be at the head of the pack when it comes to real estate investing. Luckily, if you’re more of an investing introvert, you have a lot of methods available to you that don’t allow for you to shine – but you do still keep a lot of cash Birddogging Not familiar with this real estate method? It involves first finding a great real estate deal, then bringing it to investors. While it sounds like it would be disadvantageous to give investment deals to others, sometimes every deal isn’t the one for you. Whether you don’t have the cash or it’s just not the right fit, you can’t do anything with it – but you can give it to someone else and get paid a finder’s fee. This also exercises your ability to find investment deals in general. Private Money Say you’ve got good money and credit but