Growth of Online Real Estate Market Threatens Agents

Figures from online platforms are pointing to an increase in the number of owners and prospective tenants who are opting to sell their homes or rent property online without the use of an agent. Unsurprisingly, estate agents themselves have mixed views about the rapid growth of real estate portals. Few admits that portals pose serious […]

NMRC, Kaduna in Landmark Deal on Millennium City Project

A new co-operation deal between Nigeria Mortgage Refinance Company Plc (NMRC) and Kaduna State government will soon deepen mortgage penetration and promote home ownership in the country. The deal, in which NMRC endorsed via the execution of a landmark Memorandum of Understanding with the Kaduna State government, is part of the state’s determined and structured […]

Developer transforms Ore to N20 billion Sunshine City

Apparently to fast-track urban development in the commercial town of Ore in Odigbo local council, the Ondo State Government has commissioned the first phase of the multi-billion naira Ore Sunshine City (OSC). The ultra modern city located at the site of the dismantled tollgate in Ore, along Lagos/Benin Expressway covers 167 hectares of land and estimated to gulp […]

“We introduced sack your landlord scheme for tenants to rent-to-own-properties”

  An interview with Debo Adejana , Managing Director /CEO of Lagos based, Realty Point Limited. Tell us about your property endeavour? Even though we have our head office in Lagos, we`ve just launched our housing units in Abuja. We have terraces in Jahi district, Abuja and we have eight units and have same in Lagos. […]

CTSR’s Precast Concrete System Holds Promise for Mass Housing

A new building technology making its way into Nigeria’s construction industry is offering yet another bait to mass housing developers, with a concept that claims the ability to enhance efficiency by 70 times compared to traditional construction methods. Behind the German technology in Nigeria, is one of the nation’s leading real estate developer and construction […]

High Rents, Recession Forcing Low-Income Tenants to Suburbs

With areas that were once affordable now out of reach, low-income renters are being forced to outskirts and border towns in major Nigerian cities.The soaring cost of renting is pushing tenants away from the centre of most capitals. For instance, Lagos, Abuja and Port-Harcourt are now experiencing the highest demand from prospective tenants. The persistent […]

How Officials Aid Property Owners Evade Planning Regulations on Parking Spaces

Amid the shocking fact that cities in West Africa sub-region will host an additional 69 million urban populations during the 2020/30 decades, one of the major headaches city managers may have is lack of adequate parking spaces for city dwellers. The Guardian’s investigation has revealed that a comprehensive new policy and strategies are needed to turn […]

PPP: Panacea to Housing Deficit in Nigeria

The Minister for Power, Works and Housing, Mr. Babatunde Fashola has reiterated the importance of synergy between the federal government and the private sector in the built industry in the provision of mass housing to Nigerians. He said the federal government must find a way to exploit the Private Sector participation in the industry especially […]

Engineers Task Army on Professionalism

Desirous of restoring the glory of engineering profession, the Chairman of Nigerian Society of Engineers (NSE), Apapa Branch, Ombugadu Garba has reinstated the commitment of the society to upholding high standards of engineering practice in the country. In a related development, The Nigerian Society of Engineers, Apapa Branch has expressed its readiness to assist Engineers […]

UNDP Launches N822m New GEF Project Funding

Riding on the crest of a steady growth in the profile of Global Environmental Facility (GEF) funded projects in the country, United Nations Development Programme (UNDP) has unveiled plans for a fresh project in Nigeria, worth over N822 million. The projects are coming under the GEF Small Grants Programme (SGP), implemented by UNDP on behalf […]

Anambra to ease Land Registration Process

The Anambra State Government, in conjunction with the Presidential Technical Committee on Land Reform, has finalised arrangements to start a systematic land titling and registration in the state.According to the state government, this will make the process of land registration and the acquisition of Certificates of Occupancy easy. It added in a statement that the […]

Elegushi Imperial Smart City’s $300 Million Project

A comprehensive new plan unveiled last week to reverse the growing decline in the nation’s housing stock in the Lagos area, is promising an ambitious new deal for a fresh town project within the Lekki -Epe corridor. Dubbed as the first eco-friendly smart business city in Africa, the project known as Imperial International Business City […]

‘FG, States’ Housing Policies Favour Elites’

A former Minister of State for External Affairs, Mr. Dubem Onyia has faulted the federal and state governments housing policies, saying they were meant to favour the elites, especially the political class.Onyia who spoke in Enugu at the 2016 first Enugu Housing/ Real Estate Development Forum, organized by the Enugu Chamber of Commerce, Industry, Mines […]

Nigerian Construction Expert, Others Remodel US President’s House

United States of America-based Nigerian construction expert, Lawrence Dibor, has disclosed that he was among a consortium of professionals involved in the design and construction of the President’s House, a monument in the history and administration of the US. According to Dibor, the house is a memorial located in the Independence Square in the city […]

Exclusion of Town Planners Responsible for Structural Defects

Nigerian Institute of Town Planners, Anambra State chapter, has criticized the non-inclusion of the professional body in various developmental projects executed by the state government giving rise to structural defects and chaotic environment.It said government neglect of its members in the planning and execution of infrastructural projects and developmental plans has created more problems than […]

Prepare Buildings for Tremors, Earthquakes – BCPG Tells Builders

The Building Collapse Prevention Guild has called on stakeholders in the built environment as well as members of the public to build houses that can withstand earth tremors. The BCPG said about a year ago, it drew the attention of the world to the possibility of Nigeria experiencing earthquakes and the need for the government […]

Lekki Gardens Rejigs Operations, Unveils New Technical Team

Fresh steps are being taken by Lekki Gardens Estate Limited to increase housing stocks, ensure timely delivery of quality and affordable homes in the country.The company has engaged top notch consultants and contractors in different aspect of the construction value chain as work recommences across all its project sites after carrying out due system and […]

Recession: Lagos to Introduce Monthly Payment on Houses

In a bid to cushion the effects of economic recession in the country, the Lagos State Government has perfected plans to introduce monthly payment plan on its Home Ownership Mortgage Schemes popularly called Lagos HOMS across the State. The State Governor, Akinwunmi Ambode, who stated this after embarking on an extensive inspection tour of projects […]

Paint Makers Raise Prices, Seek FG’s Forex Window

With declining stock of imported raw materials, paint operators are fighting for survival by increasing prices and contemplating job losses. To forestall a complete shutdown of factories, they are urging the government to grant them access to foreign exchange to facilitate the importation of raw materials. The paint operators under the aegis of Paints Manufacturers Association of Nigeria […]

How We Plan To Make Eko Atlantic City West Africa’s Financial Hub – Developer

The developers of the new city being built from reclaimed land adjacent to Victoria Island – Eko Atlantic City has released key features of the proposed West Africa’s new financial hub, accommodating the headquarters of the sub-region’s leading banks, financial institutions and international corporate companies. According to South Energyx Nigeria Limited (SENL), a subsidiary of […]