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Tag Archives: real estate development

REDAN honours FMBN, others for housing development

REDAN

The Real Estate Development Association of Nigeria (REDAN) has honoured its pioneer president, Dr Lateef Jakande; Federal Mortgage Bank of Nigeria (FMBN) and former board chairman of FMBN, Prof. Akin Mabogunje for their meritorious contributions towards the growth and development of the housing sector. REDAN is the umbrella body of the organised private and public sector responsible for housing development ...

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Stakeholders urge FG to focus on Urban regeneration to facilitate affordable housing

Urban

Stakeholders in the real estate sector have called on federal and state governments to focus on urban regeneration and provision of infrastructure at project sites to facilitate affordable housing. This was revealed on the sideline of a workshop organised by Real Estate Development Association of Nigeria in Abuja. The director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy ...

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What you must know about MORTGAGE in Nigeria Real Estate

National Housing Fund

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form of mortgage, ...

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Nigerian Govt Urged To Penalise National Housing Fund Act Violators

National Housing Fund Act

Some stakeholders in the housing sector on Tuesday in Abuja called for stiffer penalties against violators of the National Housing Fund (NHF) Act. They made the call at a two-day public hearing on a motion on the need to ensure full compliance with the National Housing Fund Act for effective housing delivery in Nigeria. Mr Oluseyi Lufadeju, a trustee at ...

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Real Estate: Stanbic IBTC, others list path to long-term development

Stanbic IBTC

Stanbic IBTC Holdings PLC and other players in Nigeria’s real estate industry are pushing for a long-term strategy for the sector to attract domestic and foreign institutional investments to establish sustainable foundation for the commercial real estate sector to support the nation’s economic growth, development and diversification efforts. At a two-day West Africa Property Investment Summit in Lagos, recently that attracted ...

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AMCON, Sterling Bank fingered in illegal land sale

illegal land sale

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL). The portion of land allegedly sold by the Bank was 10 hectares, which was valued at N5b billion at the time of the sale from ...

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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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