Real Estate News

The quest for diversification of the economy and attract foreign investment in Nigeria’s real estate is set for a boost with promoters of The Oceanna unveiling investment options for part-ownership, similar to what earned the Dubai real estate sector global appeal – The Nation The Group Managing Director, Palton Morgan Holdings, Adeyinka Adesope, said the hotel segment of the iconic project ...

The Guardian reports that over 50 leading Nigerian companies and counterpart firms from the UK, Ghana, South Africa and UAE are some of the organizations that would participate at the 2nd Nigeria Real Estate Summit and Expo to hold in Lagos.Announcing this at an interactive meeting with stake holders in Lagos, Steve Ike, head of the summit’s organsing committee stated ...

The rate at which building collapses occur in Nigeria is quite alarming. In fact, we are convinced that the faster we take practical steps, the safer. Nigeria Real Estate Hub’s correspondent, Esther Adeniyi was able to interview a seasoned Civil/Structural Engineer, whose experience we can trust to guide us on practical solutions to reduce and in the long run, totally ...

“Nigeria’s foremost anti graft agency, the Economic and Financial Crimes Commissionsays it has seized 14 pieces of property linked to former FCT minister, Mallam Bala Mohammed, and his son, Shamsuddeen.”- Naija News The commission sought the interim forfeiture of the said property through a court application filed before the federal high court in Abuja, on September 11, 2017. It said the ...

“The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation today as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, and Julius Berger Nigeria Limited to part-fund the construction of the N120.6 billion road connecting communities in the state. The event was ...

“Property developments in Okpanam community, Delta state capital is suffering major set backs following take over of construction sites by miscreants.”- The Guardian The Guardian learnt that continuous reported cases of intimidation, disruption of ongoing building projects, infliction of injuries and seizure of working tools of developers and workers is really affecting housing development in the area. It was learnt ...

According to Y Naija, thirty people have reportedly died after an auto accident on the Lagos-Ibadan Expressway on Thursday night. Spokesman for the Federal Road Safety Corps, Bisi Kazeem, confirmed the incident to newsmen in Abuja on Friday. Kazeem said the accident occurred at about 8pm at Km 95 around the Elebolo Quary Area on the Ibadan axis of the ...

Businesss Post reports that a subsidiary of world’s number one prefabricated housing solution provider, Karmod, Karmod Nigeria, has launched a campaign to solve the housing deficit challenge in the country. This campaign involves making prefabricated housing a viable alternative to the brick houses which Nigerians are already used to. General Manager of the company, Mr Fehim Ozkanca, explained that this ...

“Ogun State Governor  Ibikunle Amosun has assured that the issuance of Certificates of Occupancy and other land title documents under the Homeowners’ Charter Scheme will now be bi-monthly in order to fast-track the process.”- The Nation The Governor who stated this while distributing the documents to successful beneficiaries at the Oba’s Complex, Oke-Mosan, Abeokuta, said it would help speed-up the ...

The Nation reports that three communities in Enugu State have been presented with N300 million cheque for their land acquired by the state government for the development of an industrial project. The communities, Ogwofia Owa, Enugu Eke and Akama Oghe were compensated for  2000 hectares of their land and the economic crops and structures on it. The cheque was presented ...