Real Estate News

Lagos state government plans to build 50 housing units in each Local Government Area of the state. Disclosing this at an interview session with press men in his office, the state commissioner for housing, Prince Gbolahan Lawal, said the new policy of the state government is to build 50 housing units in each LGA across the state in order to ...

In order to keep up with the pace of the transformation in service delivery and e-governance policy as well as embrace global best practices in the way of doing business, the Lagos State Government has introduced the e-Planning Permit platform in order to accelerate Planning Permit processing in the State. The Commissioner for Physical Planning and Urban Development, TLP Wasiu ...

The Lagos State Government has reaffirmed its commitment to ensure zero tolerance for building collapse in the state, just as it revealed that about 500 buildings that are either defective or abandoned have been discovered, threatening to take appropriate actions on the building if the owners refuse to take ownership of their structures. Commissioner for Physical Planning and Urban Development, ...

The Nigerian retail sector is taking a big leap forward, with the unveiling of Owerri Mall in the Imo State capital, courtesy of a South African-based property developer – Resilient Africa. The property, located at Egbu Road, housing 45 trading outfits including Shoprite was commissioned in March by the Imo state Governor, Rochas Okorocha. The project was in partnership with ...

The Nigeria Mortgage Refinance Company (NMRC) has announced the appointment of Prof. Charles Okeahalam as the Chairman of the Board of Directors. He takes over from Mr. Herbert Wigwe who has been serving as Interim Chairman since May 2015, following the resignation of Dr. Ngozi Okonjo-Iweala the former Minister for Finance. Okeahalam has substantial experience in banking, finance and fixed ...

Ogun State Government has drawn the curtains on 160 units of two and three bedroom detached and semi-detached bungalows for its employees. The feat was part of the efforts by the State Government towards providing affordable housing for its workforce. Hajia Aisha Muhammadu Buhari, Wife of President Buhari, while commissioning the phase 1 of the estate, named after the first ...

Officials of the Lagos State Ministry of Physical Planning and Urban Development on Monday apprehended a middle-aged man, Adeyemi Adebayo who specialized in serving fake demolition notices and stop-work orders on buildings under construction in exchange for inducement. In a statement released by Lagos State Chief Public Affairs officer in the Ministry of Physical Planning and Urban Development, Shina Odunuga, the fake town planner Adebayo, ...

The Nigerian Institute of Architects (NIA), Lagos State chapter, has taken a bold step to build a befitting secretariat in the metropolis. To meet that drive, and after series of consultations, the architects have decided to settle for a landed property in Akoka, Yaba, Lagos. However, it was gathered that, the professionals are currently engaging a law firm, which would ...

All is set for the Abuja Housing Show as ten countries, 20 organisations and 200 indigenous companies have indicated interest to participate in this year’s annual gathering of housing stakeholders. The exhibition organized by FESADEB Communications Limited, producer of Housing Programme on AIT Abuja and Housing Time on Raypower will showcase top building materials producers and housing finance companies. The ...

Construction commenced in Nigeria’s capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017. Developed by Novare Real Estate Africa, the total size of the mall will be approximately 25 000m2. The development will be phased with an initial stage of 15 278m2. The total cost for ...