Real Estate News

A developer and four estate agents have been arraigned before a magistrate’s court sitting in Lagos for allegedly collecting a sum of N19.4m from 56 persons under the guise of letting out a self-contained apartment on Yusuf Street in the Iyana Ipaja area of the state. We gathered that the accused persons – Chief Adeoye Ogundipe (70), Chief Wasiu Jinadu ...

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

After the success of its pilot implementation via an innovative, two-track approach consisting of actions by the Federal Government and Cross River State Government, the United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD+) may soon be expanded to include three more states in the country. No fewer than eight states of the federation are jostling ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have urged the private sector to complement the efforts of the federal government in providing housing to the teeming populace. The estate surveyors made the plea during a press conference to usher in the National Housing Summit being organized by NIESV’s Faculty of Housing in Lagos on the theme: ...

Amid growing interest of firms in the establishment of industries in the Ogun state, authorities have explained that the new drive for housing projects and infrastructure is the best option to provide conducive environment for prospective investors. It was reported recently that over 100 companies have shown readiness to locate their manufacturing outfits in the state, with 32 of this ...

In order to ensure proper mapping and collation of spatial data that will enhance productivity and service delivery, the Nigerian Institution of Surveyors (NIS) has urged the federal Government to establish Survey, Planning and Mapping Commission. The Institution’s President, Mr. Bern Omo Akhigbe made the call last week at the 32nd memorial lecture held in honour of the pioneer president ...

With the reality of rapidly urbanizing world in which more city dwellers than ever before found themselves living in informal settlements, the United Nations Human Settlement Programme (UN-HABITAT) has pledged a robust collaboration with Lagos State Government to promote socially, environmentally sustainable human settlements and adequate housing for all. While expressing deep concern on the rate of urbanisation in Nigerian ...

Better days may be in the offing for property investors and prospective homeowners, if developments recently announced by Osun State Government are anything to go by. Last week, the state kick-started a scheme nicknamed Oranmiyan New Town at a parcel of land measuring about 2,572hectares (6340Acres), which was acquired by Chief Obafemi Awolowo as the Premier of the old Western ...

Amid recent incidents of building collapse in the Lagos area, members of the Nigerian Institution of Structural Engineers (NISTRUCTE), last week, sought for collaboration among professional bodies in the built environment as a means of tackling structural failures in the country. The institution noted that recent developments in the housing sector are reaching alarming heights and all bodies should rise ...

Under fresh efforts to ensure sustainable development, the Federal Government has announced plans to redefine and scale up slum upgrading efforts toward confronting challenges of expanding urban areas in the country. In the renewed action plan, the government is also proposing a vibrant platform to give a voice to the growing segment of slum communities, which would also act as ...