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Tag Archives: real estate development

The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

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Lagos state does better than other states in physical planning – Barr Ogunleye

Lagos state does better than other states in physical planning - Barr Ogunleye

Our correspondent, Esther Adeniyi, interviewed Town Planner and Barrister Makinde Ogunleye. He gave us insights into the importance of town planning and physical planning in real estate. Read excerpts of the interview below: NREH: can you kindly introduce yourself sir? Barr Ogunleye : I am Town planner and Barrister Makinde Ogunleye. I retired from Lagos state government as a director. Presently, ...

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Sterling Bank finances real estate projects in the country

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“The Managing Director/Chief Executive, Crown Realities Plc, Mr. Darl Uzu has commended Sterling Bank Plc for stepping in to provide financing for development projects in the country.”- This Day Speaking at the inauguration of the Crown Court Durumi, Abuja, a project that was wholly financed by the bank, he said the financial institution had proven to be a dependable partner ...

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A Brief Review of the Real Estate Industry in Nigeria

Real estate Industry

The real estate industry in Nigeria has come of age albeit it still struggles for a strong foothold. This article talks on how the real estate industry in Nigeria is being overlooked despite its immense potentials. Real Estate connotes an entity consisting of land and buildings on it in which resides some value of economic worth. In other words, it ...

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REALTY POINT LIMITED celebrates 12th anniversary

REALTY POINT LIMITED Celebrates 12th Anniversary

Realty Point Limited, a top real estate development company in Lagos celebrates Twelve (12) years in business. The company which was established in 2005 is known for its popular trademarked mantra – ‘Sack Your Landlord!’ – which epitomizes the bulk of her business in the supply side of real estate products & services. With Estates across Lagos, Ogun, Nasarawa and ...

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Experts Hail FG’s 10% Funding For NHF Contributors

buy houses

According to Leadership, experts in the real estate sector have commended the federal government for accepting to provide 10 percent funding for the National Housing Fund, NHF contributors seeking loans of N5million and below. They have also urged the federal government to empower mortgage institutions to carry out their statutory responsibility The acting managing director of the Federal Mortgage Bank ...

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How budget delay hinders housing delivery, by stakeholders

Lagos hands over 200 rent-to-own homes

According to The Guardian, Stakeholders in the built sector say the delay in passing the 2017 budget which is making uncertain the amount of money to be spent in the industry may impact negatively on housing delivery this year. The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. ...

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Real Estate Development as an Economic Driver

real estate development

Real estate development is regarded as an economic driver in any economy. In this piece, Debo Adejana – one of the foremost real estate experts in Nigeria explains how real estate development can improve the economy of any country Anywhere in the world, the business of real estate development is taken seriously; it’s painstaking, tasking, albeit it is lucrative and ...

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