Real Estate News

Except the government at all levels evolves environment-friendly regulations on land administration and real estate sector, the enormous potentials will remain untapped to the fullest at the expense of the country. This was the submission of participants at a one-day forum called Lekki Gardens Investment Forum (LGIF) under the theme: “Unlocking Sizable Investment Opportunities in The Nigerian Real Estate Market”, ...

The completion of the Nkpor-Amawbia old road by the Anambra State Government has resonated a fresh controversy, with the former Governor, Mr. Peter Obi claiming that the road awarded to CCC Construction Company in 2008 by his administration was completed long before Gov. Willie Obiano took over. In statement, the Media Assistant to the former Governor of Anambra State, Mr. Valentine ...

Another unique project is set to join the scores that have been gracing the Lagos ocean view in the recent years. Dubbed “Atlantic Resort Estate”, the project, a mixture of residential and hotel facility is coming from one of the foremost developers, Messrs Grenadines Homes. The development is to occupy a 35,000 square metre land space of the prime oceanfront. The ...

As part of their contribution towards stemming the tide of climate change and making Nigeria a safer place to live in, architects have been urged to familiarize themselves with eco-friendly designs, which have been said to impact positively on the earth and her people. Also, the architects, under the aegis of the Nigerian Institute of Architects (NIA), were advised to ...

Nigerite Limited has concluded plans to formally unveil Kalsi, an innovative product and major component in the dry construction system to professionals in the Nigerian built sector. The Kalsi product launch, which has been slated to hold at Lagos Oriental Hotel on the Victoria Island area of Lagos is being packaged as an elaborate event in view of its pre-eminence ...

The Pan-African finance institution exclusively supporting the development of affordable housing and real estate sector in Africa, Afrique has signed a Memorandum of Understanding with the Customs Coop of Nigeria. The MoU was signed during a working visit by senior Customs officials to Nairobi, Kenya. The MoU will see the two organisations come together to ensure the successful delivery of 5000 ...

Amid haphazard development, continued uncontrolled growth of cities and towns, architects are demanding to be included among town planners in matters of physical development, especially city planning activities in the country. The Nigerian Institute of Architects (NIA) made the call at the 2015 Colloquium of the institute with the theme, “Architecture and the National Development Agenda, and also called for the development of a national integrated physical development ...

Contrary to pre-veiling economic head-winds across sectors of the economy, experts project that the Nigerian real estate sector will experience a gradual growth. Adekunle Oyinloye, managing director, The Infrastructure Bank (TIB), says the real estate sector is projected to grow by 10 percent annually in the next 10 years. Oyinloye said this while delivering a paper on “The Infrastructure Banker’s ...

Immediate past Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi took a critical look at her one-year stewardship and posited that she had laid an enduring foundation for her successors to build upon. Eyakenyi who was emotional when she received board members of the parastatals in the ministry who came to bid her farewell, noted that although she ...

According to the estimates of stakeholders in the real estate financing sector, more than 50% of Nigerians need social housing Stakeholders state that about 85 % of Nigerians still live in rented apartments and pay more than 40 % of their annual income as rents. Lead Capital Plc Chief Executive Officer Lead, Prince Bimbo Olashore said that the real estate sector, ...