Home » Real Estate News

Real Estate News

Ogun to complete five abandoned housing estates and allocate to residents

abandoned estate

 The State Commissioner for Housing, Jagunmolu Akande Omoniyi, made this known on Monday, while chatting with journalists in his office, Oke-Mosan, Abeokuta, the state capital.  Omoniyi said the abandoned estates located at Ayetoro, Ikenne, Ago- Iwoye, Ijebu-Igbo and Ota, had been built over the years, noting the housing estates would be given a face-lift to allow residents have access to ...

Read More »

22m Housing Deficit: FG, REDAN To Sign MoU On 774,000 Housing Units

REDAN

After several consultations with relevant stakeholders in the built sector, the Real Estate Development Association (REDAN)), an umbrella body of all registered real estate developers in Nigeria, is set to sign a memorandum of understanding (MoU) with Family Homes Funds to build 100 housing units in each of the 774 local government in the country.  Family Homes Fund (FMF) is ...

Read More »

Oyo demands details as FG faults building approvals along highways

Oyo

The Federal Government on Monday alleged that the Oyo State Government was granting approvals for the construction of buildings and mining activities on federal roads in the state. It said this had created a huge problem and slowed down the construction work being embarked upon by the Federal Government on the Ibadan-Ilorin Road, Section III (Oyo-Ogbomosho) project. The Director, Highways ...

Read More »

Developers lament stalled housing projects in Abuja

housing projects

Property developers in the Federal Capital Territory, Abuja, have lamented that the COVID-19 locked down stalled their housing projects that would have been completed to boost the nation’s stock. One of the firms affected is Brains and Hammers, a real estate development company. The Project Director, Mr Muktari Musa revealed its projects, which were conceived as self-sustaining and affordable programmes, ...

Read More »

COVID-19 Presents Investment Opportunities In Real Estate

real estate

Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports  To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of five months, has partially eroded ...

Read More »

REDAN hails FG’s private sector economic sustainability plan

REDAN

President, Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Oroji Wamakko, has hailed federal government`s Economic Sustainability Plan (ESP) initiated in response to economic challenges caused by COVID-19 pandemic. Wamakko enjoined the federal government to tap into the huge job creation potentials in the private sector in its efforts towards Nigeria’s economic growth and development. He stated this on ...

Read More »

Urhobo group urges Buhari to intervene in illegal sales of lands by military

Urhobo

An appeal has gone to President Muhammadu Buhari to prevail on the Nigerian Army to halt the illegal sales of Urhobo lands hitherto acquired for military purposes.   The appeal was contained in a press briefing by the President-General of Urhobo Progress Union (UPU), Olorogun Moses Taiga, at his Ikoyi residence in Lagos. Taiga disclosed that Urhobo communities in Delta State ...

Read More »

Developers plan 77, 400 housing units

developers

REAL Estate Developers Association of Nigeria has announced plans to roll out 77,400 housing units for low and medium-income earners across the country to complement the Federal Government’s efforts in bridging the nation‘s huge housing deficit. The association said the planned 77,400 housing units would create 2.2  million direct jobs and urged government at all levels to assist developers by ...

Read More »