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Oshodi, Lagos A fresh attempt is being made to resurrect, an ambitious development effort in the heart of Lagos under moves by the authorities in the state to meet growing demands of its mega city status. At the centre of the new effort is the redevelopment of Oshodi into a transport interchange and create a world -class central business district, which will gulp $70 million. The concept is not new as the Babatunde Fashola administration had launched a major urban renewal of the area, demolished markets and built bus parks. But under a fresh effort to redevelop the area, the state has entered into a partnership with Planet Projects through a Public-Private-Partnership (PPP) model to

With retail sector thriving in Nigerian cities, Novare Africa Real Estate Africa has announced plans to open a $68 million new mall in the Federal Capital Territory (FCT) known as Novare Gateway Abuja. Novare Gateway is Novare Real Estate Africa’s third retail and commercial development in Nigeria, and to date their largest in Abuja. The centre was developed at a cost of $68 million and includes a second phase that will in future see another 10,000 square metres added to accommodate 33 more shops. Located on the main 10-lane highway between Abuja’s Nnamdi Azikiwe International Airport and the central business district, and with modern infrastructure and facilities, Novare Gateway is perfectly situated to meet the needs of the growing Abuja community.

The Dubai Land Department (DLD) has laid claim to “becoming the world’s first government entity to adopt Blockchain technology.” In a first-of-its-kind in the global real estate sector, the Dubai Land Department – the government arm responsible for the registration and organization of real estate in the emirate – is now processing and implementing all transactions on a blockchain. The ultimate goal will see all Dubai properties recorded on a blockchain within 2-3 years.

Nigerians who are desirous of a system that enables them to intelligently and functionally control every electrical and electronic device in their homes using intuitive programmable panels, mobile app or universal remote control as well as integration of all their technology services to make them prepared for trending smart city projects like the one being planned in Lagos now have MBX Smart Homes providing these services at the same price with what obtains overseas. The company distributes end-to-end smart home solutions that include the design of

Adeniyi Akinlusi is the President, Mortgage Banking Association of Nigeria (MBAN) and Chief Executive Officer, TrustBond Mortgage Bank Plc. Adeniyi Akinlusi is the President, Mortgage Banking Association of Nigeria (MBAN) and Chief Executive Officer, TrustBond Mortgage Bank Plc. In this interview with Property & Environment Editor, CHINEDUM UWAEGBULAM, Akinlusi who is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation, believes that an intervention fund for mortgage banks will achieve single digit interest rate. He also listed ways to improve National Housing Fund (NHF) contribution and create enabling environment for mortgage banking. The low penetration of mortgage financing has been worrisome. Nigerian workers that contribute 2.5 per cent of their monthly salary to the National Housing (NHF) have been denied right to a safe, decent and affordable home. What has been the problem with the NHF and mortgage in Nigeria? ...

Amity Estate is a gated serviced residential estate located in the Sangotedo area of Lekki, 1 minute drive after the popular Novare (Shoprite) mall and 35 minutes drive to Victoria Island. The estate is well managed and has good facilities and infrastructure with several residents living within it. Facilities & infrastructure currently on ground in the estate include : -Well paved roads

The National Council on Lands, Housing and Urban Development (NCLHUD) in its bid to alleviate the rental challenges of the citizenry is making attempts to impose monthly rent payment for Nigerians. Industry experts have rather urged the governments to tackle the inherent problems inhibiting housing rather than delving into issues expected to heighten problems in the industry. The experts, comprising estate surveyors and developers who expressed divergent