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REDAN

Real Estate Developers Association of Nigeria (REDAN)

As a way to effectively handle the current huge housing deficit in the country, the government is collaborating with the private sector through reputable agencies and associations. One of such is the Real Estate Developer’s Association of Nigeria (NIGERIA), an agency tasked principally with the responsibility of facilitating the delivery of affordable mass housing in the country. The association has a membership strength of over 1, 500 members and is the brain behind any housing development or initiative that is organized and/or sponsored by the Federal, State & Local Governments, NGOs, private organizations, as well as foreign partners and investors.

The association, which was created in the 90s, has gained tremendous reliability and reputation through its ability to endorse the interests of its members by furthering the reformation process of the mortgage finance sector thus creating a conducive environment for the provision of mass housing at the National Assembly and restructuring the housing finance policies of the Central Bank of Nigeria FMBN, Primary Mortgage and Commercial banks. The association also partners with other associations in the Housing and Real Estate Development industry and works closely with the Federal Ministry of Lands, Housing and Urban Development since the ministry is a major provider of land.

The association’s National Secretariat is located at 32, Minna Street, Off Ilorin Street, Area 8, Section 1, Garki, Abuja FCT, while the South West Regional Office is located at Plot 1, Block B8, CMD/Jubilee Road, Magodo, GRA, Lagos State, Nigeria.

Although REDAN is backed and funded by the Federal Mortgage Bank of Nigeria (FMBN) – the apex mortgage lender in Nigeria – the association is presently trying to improve funding by branching out into the national and international capital market so as to make sure that the realization of delivering mass housing to Nigerians is not encumbered by an unsteady flow of funds.

With a strategic direction to create a platform where real estate developers can collaborate for the common good of Nigeria, REDAN seeks to ensure and maintain amiable relations with all stakeholders associated with the housing industry. It also collaborates with government agencies and parastatals involved in land administration, planning, infrastructure development, housing provision and administration. The association also actively promotes research studies for the improvement of building materials and systems, as well as setting a standard for the industry.

In line with its objectives, REDAN’s Vision Statement is “To be Nigeria’s most influential and credible voice in the real estate development and investment industry, a notable force in influencing industry policies and practices; with strong local and international recognition in all issues affecting the Nigeria real estate sector.”
Its Mission Statement is “To effectively represent the members to achieve their corporate objectives and to efficiently carry on their business as agents of development by ensuring public appreciation of the importance of REDAN, and efforts it is making to meet the housing needs of Nigerians. Ensuring balanced national legislative, regulatory and fiscal policy to provide the enabling framework and environment for effective housing delivery.”
Membership of this prestigious association however is not open to individuals but corporate organizations and is by application. Applicant must be an estate development company or be involved in business related to the housing industry or commercial real estate development including building of residential, commercial or industrial structures. This is inclusive of shopping centers, plazas or other commercial structures. Corporate organizations eligible for membership are Limited Liability Companies, Registered Societies, Partnerships, and Parastatals of State or Federal Governments involved in real estate development.

Some of the benefits of being a member are:
• Credibility and recognition as a developer.
• Access to information on developments affecting real estate development.
• Support for land acquisition, participation in the Public Private Partnership (PPP) scheme for infrastructure and estate development
• Access to finance under the REDAN Real Estate Investment Trust (REIT) scheme, or other local and offshore development loan syndication schemes under the auspices of the Association.
• Opportunity to access estate development financing from the Federal Mortgage Bank of Nigeria (FMBN) and sell housing units to National Housing Fund (NHF) contributors under the NHF mortgage loan scheme
• Access to NAHB resources through REDAN’s affiliation with IHA
• Access to customized and symposiums, such as the EDL workshop

 

CLICK TO READ HOW TO JOIN REDAN

37 comments

  1. Bulk land available for purchase at great discount price for a huge land survey project to be sponsored. Contact Surv. Theophilus on 08026145250 concerning this. Please only serious buyers are needed here.

  2. osadolor osarobo

    Please I will like to know the number of registered REDAN members in Benin city for research purpose. Thank you

  3. Please, I need the directory of property development companies in Lagos state for a research work.
    Thank you.

  4. I would like to known REDA contact address and phone contact

  5. Please kindly send me your total number of registered members in Abuja for project work

  6. JohnPaul Adolphus

    With the Rapid development going on in Owerri now you may need to own a home in a city with almost zero security challenges. Live, Rest and Raise you family here in Owerri.
    You want Buy, Rent, Sell a property in Owerri contact
    JohnPaul on 08035401688

  7. Please send information and registration package.
    Thanks Cally

  8. Paul A. Omotosho

    Please how do I join and be a member

  9. Greetings! Planning to buy or sell any property in Owerri, Imo State? Contact Cottage Real Estate Ltd anytime at 08122663657. Thank you.

  10. We are planning on a green Estate development project in Calabar Nigeria and i would like to know what role your organization plays in such capital projects. The design would be base on Low impact Development with clean energy as the alternate source eletricity for the Estate.

  11. The CEO of NEW CREATION PROPERTY (Barrister Akintoye Adeoye) busy defrauding people on refund of money on land. Over 4years now that i have written to the company to refund my money since they told me that they do not have location again, the company busy playing me around saying they do not have money yet on ground for refund. Nov 15, 2016 clock 4yrs which will also be the time i took another reminder letter to them. This kind of man claim to be a member REAL ESTAE DEVELOPERS ASSOCIATION. They hide under the good name to defraud people.

  12. Pls I need the membership directory for a project survey. urgent pls

  13. Good morning, pls can i find out the membership status of Puzzles Construction and Engineering Abuja, as i could not find a point to check our status and outstanding financial obligations.

    Thanks,

    Victor

  14. pls send me member directories of companies offering housing loan scheme for civil servants in owerri. i want to apply. also reply via email

  15. pls send me member directories of companies offering housing loan scheme for civil servants in owerri. i want to apply

  16. Pls send details on how to be member

    • 4. How to become members of Real estate developers association of Nigeria (REDAN S/W)?
      Ans – ELIGIBILITY
      Membership is by application and is open to corporate entities and professions in the built industry. For corporate applicant, the object of the business must relate to housing/real estate development. Membership of REDAN is open to:
      1. Limited Liability Companies,
      2. Registered Societies,
      3. Partnerships, and
      4. Parastatals of State or Federal Governments who engage in real estate
      development.
      REGISTRATION AND SUBSCRIPTION
      I. APPLICATION FEE: 10,000 NGN } one time payment applicable to new members only
      II. REGISTRATION FEE: 100,000 NGN} one time payment applicable to new members only
      III. DEVELOPMENT LEVY: 140,000 NGN} one time payment applicable to new members only
      IV. ANNUAL SUBSCRIPTION: 100,000 NGN

      ALL PAYMENTS SHOULD BE MADE TO GTBank Account No.:0007874032 Account Name: Real Estate Developers Association of Nigeria

      DOCUMENTS
      Please note that the following must be submitted with the completed application form.
      I. Written Application on Company Letterhead Paper using the format attached.
      II. Copy of Certificate of Incorporation, Memorandum and Articles of Association.
      III. Audited accounts for at least three years.
      IV. Company Profile including organization structure showing the postions of directors, key personnel, their qualifications and functions.
      V. Project Brochures
      VI. Bank reference / Letter of introduction
      VII. Bank cheque for Registration and subscription fees.
      VIII. Tax clearance Certificates
      IX. Evidence of National Housing Fund contribution (in compliance with the NHF Act and National Housing Policy)
      X. Evidence of Registration with the SPECIAL CONTROL UNIT AGAINST MONEY LAUNDERING (SCUML) in compliance with the Money Laundering (Prohibition) Act 2011 and EFCC (Establishment) Act 2011.
      XI. Photo Idenfications of Major Shareholders and Directors.

  17. I will appreciate if you can send the contacts of members for the purpose of business

  18. Please to whom it may concern, am a sales person with Thermocool, how do I be part of you and make my air-conditioners available for building projects

  19. fidelis Asiotu

    Please I need to know if a firm/dealer In the business of providing total furniture make over,blinds and curtains can become a member of REDAN

  20. Please what is the total number/figure of your registered members in Abuja and Lagos branches? Please Sir/Madam treat as urgent. Thanking you in anticipation.

  21. taiwo david olugbenga

    Please send me the directory of your members in the South west geopolitical zone
    Thank you
    Tpl Taiwo David O

  22. I wnt to b a menber

  23. plz i want to be a member.

  24. Pls send me your details on how to be a member and the total feesr involved pls how long does it take to be a member. REPLY by EMAIL pls

  25. Pls kindly send me the directory of your members in Lagos.
    Thanks
    Adeyemi Kehinde

  26. Pls send me details on how to be a member and the total feesr involved pls how long does it take to be a member. Pls REPLY by EMAIL

  27. Pls send me your details on how to be a member and the total feesr involved pls how long does it take to be a member. REPLY by EMAIL pls

  28. How can I be an active member…

  29. The Association is what it going by this article and I did like to be a member

  30. pls I need requirements to become a member

  31. Onakoya Onayemi

    I’ll like to be a member please. Thank you.

  32. genbrooke nig ltd

    We would like to be detailed on how to become a member.

  33. Please send me details on how to be a member. I am interested.

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