Real Estate News

The Technical Services Engineer of United Cement Company of Nigeria, Mr. Bukola Adebisi (UNICEM) has said that the incessant building collapse in the country is not caused by cement but by activities of people in the informal sector as everybody now parade themselves as engineer with formal or informal training. He also lauded the federal government for providing a conducive ...

Federal Road Safety Corps has concluded plans to construct 20,000 housing units across the country for its personnel under a housing scheme tagged “Vision 20,000 housing project.” Making the disclosure recently, while receiving the management team of the Federal Mortgage Bank, the Corps Marshal, Boboye Oyeyemi, reiterated that the housing initiative was informed by the need to provide the required ...

The feud between Nkwelle-Ezunaka Community and Ebenezer Anglican Church over the ownership of Oyolu Oze Primary School, Oyolu Oze, Nkwelle-Ezunaka in Oyi Local Government Area of Anambra State worsened yesterday, with both parties making different demands on each other. Speaking after the general meeting of Nkelle-Ezunaka Community, the President-General, Elder Chris Eluemune, asked the Anglican Communion to immediately halt rebuilding ...

In addition to its infrastructure upgrade and environmental transformation, the Lagos State government is using its pace-setting home ownership mortgage scheme—the LagosHOMS—to drive urban regeneration that would ultimately dovetail into its dream mega city status. This regeneration which has already seen some footprints in some parts of the state, particularly Ikeja and Lagos Island, involves the demolition of obsolete housing ...

Lagos State government has initiated moves to regulate estate agency fees in the state which it claims ranks highest when compared with other countries. To this end, a stakeholders’ meeting was recently convened at the Lagos State Real Estate Transaction Department (LASRETRAD) to deliberate on “Real Estate Agency Fees in Lagos”. In attendance were various associations of estate agents, legal ...

A Utah County woman has changed her plea to guilty in a real estate fraud case in which she was accused of using straw buyers and inflated appraisals to obtain loans to purchase houses that were sometimes a $1 million in excess of the actual selling price. Portia Louder, 43, Highland, pleaded guilty in federal court to one count of ...

Nigerite Limited, a Lagos-based complete building solutions company, in its continued partnership with the Lagos State government on enterprise development projects, has said it is motivated by the need to encourage skills acquisition and capacity building. The Marketing Director of the company, Toyin Gbede, an architect, disclosed this at the second Lagos State Enterprise Day held at NECA House, Agidingbi, ...

Last Month, UAE’s Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced Dubai’s newest mega-project, the Mall of the World, located along Sheikh Zayed Road in Dubai. Occupying a total area of 48 million sq. ft., the project will include the largest indoor theme park in the world, which will be ...

It is no longer news that the deadly and dreaded Ebola virus has been spotted in the nation, already killing its Liberian harbinger, Patrick Sawyer and the Matron who treated him in a Lagos Hospital. There is considerable panic among Lagosians especially as everyone is beginning to take extra precautions in their hygiene and in their inter-personal relationship with people, ...

While it appears to be a laudable project, it does not bode well with some residents of Abuja, the nation’s capital city. It is a case of mixed feelings for some Abuja residents over the plan by the Federal Capital Territory Administration to commence the construction of the Phase two of the Ultra-modern Jabi Lake Resort this year. The project, ...