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Real Estate News

Haven Homes unveil new designs for 2015

One of Nigeria’s top real estate companies delivering affordable luxury homes, Haven Homes has completed and delivered a brand new set of home designs to its subscibers at Richmond Gate Estate situated in Lekki. Speaking on the concept behind the 2015 home designs, the company’s spokesperson Mr. Sonuga explained that the new designs were conceptualized with more sensuality and adaptation ...

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Ogun pledges to repair Atan-Agbara road

In order to bring succor to users of the Atan-Agbara road, Ogun State government has promised to construct the road which is situated in Ado –Odo / Ota Local Government Area of the state in order to reduce hardship faced by motorists and residents of the area. The Special Adviser / Managing Director, OPIC, Mr. Babajide Odusolu who made this ...

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Pan Atlantic University unveils energy saving building

As part of its commitment to save the environment and the planet earth, an Enterprise Development Centre (EDC) of the Pan Atlantic University (PAU), Ajah, Lagos, last week unveiled a three-storey green building, located within the institution’s campus. The building, described as example of environmental sustainable building in Nigeria and West Africa consists of a 60-seater amphitheatre, 54-seater multi-purpose classroom, ...

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Dangote among 14 investors for FCT new district’ development

Dangote Cement wins 2015 African Business of the Year

In a bid to increase the housing stock and ease accommodation challenges in Abuja, the Federal Capital Territory Administration (FCTA), has selected private investors to develop 15 additional districts. Under the agreement, the new investors will be provided with a total land area of 3,886 in about 15 districts of the FCT, and a total of 1 million houses would ...

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Economy: High end properties struggle for tenants

The real estate sector is believed to be a sector which responds fast to the tune of any economy. This invariably means that the sector derives success or failure from the state of the economy. This is what inspired the view of Mr. Chude Obosi, the African President of International Real Estate Federation (FIABCI) who expressed that high end properties ...

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Nigerians now prefer to invest in foreign properties

Mr. Godwin Alenkhe, Chairman of the Estate, Rent and Commission Agents Association of Nigeria, Lagos state chapter has expressed that the high cost of land transactions is having a negative impact on the real estate sector as Nigerians now invest in foreign properties. He said this in an interview with MAUREEN IHUA-MADUENYI of PUNCH news. When asked how the devaluation ...

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World’s most expensive apartment to cost $400m

The city-state of Monaco is known for the ceaseless extravagance which exists there. There is more to come as the city which serves as playground for the ultra-wealthy will soon be home to the world’s most expensive apartment, rumored to be valued at $400 million. Currently under construction, the pricey “Sky Penthouse” will be located atop the Odeon Tower, the ...

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‘Beware of imposters’ – Ogun warns Homeowners’ charter subscribers

Ogun State distributes 5000 Cs-of-O

Whilst making effort to combat fraudulent acts trailing the housing scheme over allegation of imposters pretending to be officials of the Ogun state government, saddled with the responsibility of regularising property documents under its Homeowners’ Charter Scheme, the state has called on all property owners to be wary of such fraudsters. The announcement of caution, which came last week at ...

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Expert seeks new valuation standard in Nigeria

Mr. Jimmy Olayinka Omotosho, a portfolio executive at Broll Nigeria has stated that valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity. This he said at the training forum of the Nigerian Institution of Estate Surveyors and Valuers, NIESV Lagos ...

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RCCG commissions N2.2m storm water drainage donated to community

Land dispute

The Redeemed Christian Church of God, RCCG has commissioned a N2.2 million storm-water drainage system the church donated to the Langbasa Community in Eti-Osa Local Government Area of Lagos State. The project represented the response of RCCG to the outcry of the community which has long suffered uncontrolled flooding with the associated health and environmental consequences. The community had solicited ...

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