Real Estate News

Residents of 14, Bodunrin Caulcrick Road, a compound located within the LSDPC Phase I Estate, Ogba, Ikeja, Lagos State, have cried out over what they described as usurpation and encroachment on supportive space meant to ease lives in their portion of the estate. They described the illegal conversion, allegedly perpetrated by a Permanent Secretary, PS (names withheld) in the Lagos ...

Professor Timothy Olugbenga Nubi, a lecturer of Estate Management and former Head of Estate Management Department in the University of Lagos, spoke to JUDE NJOKU of vangauard on why PPP is the best approach to projects delivery in present day Nigeria. According to him, “a nation is like any family. You can never have all the resources to meet your ...

Nigeria’s real estate industry may not perform well in this current year, if the nation’s fiscal policy and the present regime of naira devaluation persist, professionals within the built environment have said, predicting low activities of the market in 2015. This is coming at a time the Central Bank of Nigeria (CBN) says it is working to beef up the ...

One of the cardinal areas the newly unveiled development plan 2012-2025 would focus on is infrastructure, as the Lagos State Government has said it is putting in place proactive measures on ground to ensure that its infrastructures are maintained, while working to provide more to the enjoyment of the residents in Lagos. Besides, the plan would also intend to address ...

The move by the Anambra State Governor, Chief Willie Obiano to embark on the construction of multi-city projects in Awka Capital Territory, has been endorsed by royal fathers and the chairmen of the various local government areas that make up the area. Seen as the next big thing in Nigeria’s real estate. The endorsement came when the Awka Capital Territory ...

For failing to lead evidence to prove the origin of their claim to Ojuwoye community in Mushin Local Government of Lagos State, the Supreme Court of Nigeria has rejected the argument by the Apena family of Lagos to own a large parcel of land in Lagos State. The case decided few months ago, brought to an end the age-long rancor ...

Undoubtedly, the most talked about issue in the built environment in 2014 is cement, with much made of its contribution to building collapse, pricing and the uneasy relationship among the big players in the industry. The ‘war’ has taken many dimensions, with price being used as one of the weapons most commonly deployed. The biggest player in the industry, Dangote ...

The Lagos State Government has alleged that it was being blackmailed by the White Sand Estate residents. According to PUNCH, the estate resident’s chairman, Pastor Adewale Oyewo, said that a government official demanded bribe as a precondition for getting the attention of relevant government authorities to attend to their challenges on infrastructure. PUNCH had on Thursday October 9, 2014, published ...

The Ogun State Ministry of Works and Infrastructure has proposed to spend over N22bn as capital expenditure and about N339m as recurrent expenditure for the year 2015. This was contained in a statement issued by the ministry on Wednesday in Abeokuta. The state Commissioner for Works and Infrastructure, Mr. Olamilekan Adegbite, said this while presenting the ministry’s budget before members ...

Residents of Dolphin Estate, Ikoyi, a high-brow Lagos community, are battling to restore the original master plan of the estate. They feared that the existence of non-resident artisans, motor parks, roadside mechanics, vulcanisers and street traders, among others would not only continue to pose security risks, but was gradually tampering with the structural design of the estate. The Dolphin Estate ...