Real Estate News

According to The Guardian, rescuers were frantically searching for up to 40 people feared trapped in a four-storey Mumbai building collapse. The city’s chief fire officer, Prabhat Rahangdale, said nine people had been rescued but dozens more were believed missing under rubble after the structure gave way mid-morning in the northern suburb of Ghatkopar. “Entire ground and four floored residential ...

According to Premium Times, the Benue State Government, on Monday in Makurdi, said threats to release snakes to bite construction workers during construction of airport in Benue on site had temporarily stalled its plan to have a cargo airport in the state. The News Agency of Nigeria reports that the state government’s plan for the project on Kilometre 28 along ...

“Ten years after some medical doctors were promised landed property in the Sagamu corridor by the Ogun authorities, that dream of home ownership seem to have evaporated, following their inability to secure land allocations.”- The Guardian The aggrieved resident doctors, who were formerly post-graduate medical students at Olabisi Onabanjo University Teaching Hospital, (OOUTH), Sagamu have sent a save our soul ...

The Nation reports that Alhaji Nafiu Lili, Chairman of the proposed e-library project in Daura has commended the Katsina State Government for donating a plot of land for the project. Lili who made the commendation in an interview with the News Agency of Nigeria (NAN) in Daura on Monday, said the gesture was spectacular. The chairman explained that the e-library ...

“For three days, Nigeria’s housing sector stakeholders including developers, bankers, manufacturers of building materials, government officials, built environment professionals, etc gathered in Abuja for the annual Abuja Housing Show discussing and searching for solutions to Nigeria’s housing challenge.”- Business Day A country of over 180 million people with rapid urbanization, Nigeria in spite of its abundant natural and human resources ...

“Since 2006 when the United Nations Agency on Human Settlement (UN-HABITAT) made its declaration on housing deficit in Nigeria which it estimated at 17 million housing units, the figure has remained static as if the country is a stagnant society where there is neither increase nor decrease.” – Business Day But the Nigerian building and roads research institute (NBRRI) has ...

“The once meeting spot for Lagos socialites in the 80s – Hotel Bobby Benson’s property owned by popular musician, Bob Olabinjo Benson, a.k.a. Bobby Benson is poised to assume a new status, with the recent move by the Lagos State to rebuild the property.” – The Guardian The property located between Onipanu and Fadeyi bus stops along Ikorodu Road, Lagos, ...

“Amid uncertainty in the nation’s foreign exchange regime and other fiscal policies, built environment professionals have called for urgent steps to address the growing unemployment rate and job losses in the construction sector.”- The Guardian They agreed that except some contradictions in the Nigeria’s economy is successfully resolved, the construction sector, which is a barometer to measure economic success will ...

According to All Africa, residents have been sacked from their houses by Flood in Port Harcourt, Rivers State, following weekend’s downpour. In Rumuolumeni community, in Obio/Akpor Local Government Area of the state, there was panic, following the flood that submerged over 100 homes and four churches in the area. The downpour which lasted two days in the state also took ...

According to The NATION, Federal High Court in Lagos has ordered the interim forfeiture of a Banana Island property, Lagos bought for $37.5m in 2013 by a former Minister of Petroleum Resources, Diezani Alison-Madueke. Justice Chuka Obiozor, a vacation judge, made the order yesterday following an ex parte application by Economic and Financial Crimes Commission (EFCC) counsel Mr. Anselem Ozioko. The EFCC, in documents filed in ...