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Tag Archives: property developers

Property developers must abide by FCT laws – AMMC

Property developers

The coordinator, Abuja Municipal Management Council (AMMC), Umar Shuaibu, has said there are basic laws that property developers in the Federal Capital Territory should know in order not to fall foul of the Department of Development Control. Speaking in an interview with Daily Trust, Shuaibu said property developers need to know whether their properties are residential or commercial and whether ...

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LG Chairman Blames Nkpolu Flooding on illegal property developers

property developers

Mr. Solomon Eke, Chairman, Obio/Akpor Local Government Council, Rivers has blamed the flooding at Nkpolu-Rumuigbo on the activities of illegal property developers. Eke told newsmen in Port Harcourt on Wednesday that a special committee on flooding set up by the council had already submitted its recommendations on how to tackle the menace. Reports show that some communities in Obio/Apkor, including ...

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Investors alert buyers of fraudulent off-plan property developers

off-plan

Many prospective property investors are becoming wary of the gale of promotions for off-plan sales characterised by incentives for buyers of new homes. The concept has gone more radical recently, with the private developers offering mouth-watering discounts, installment payments and dangling other attractions to buyers. The traditional marketing ploys include the use of glossy and beautiful brochures and advertising to ...

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Subscribers express grievances over Mainland Garden scheme

Mainland Garden scheme

“Concern remained high at the weekend that off-plan sales strategies, which have become popular among property developers may be taking its tolls on prospective subscribers as complaints are mounting within the authorities, following the plights of subscribers of Property Mart Real Estate Investment Limited, in Magodo over an alleged ill treatment in the Mainland Garden scheme situated in Papalanto road, ...

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Lawmakers caution property developers against unapproved projects

Lawmakers caution developers against unapproved projects

“As part of measures to curb building collapse, the Lagos State House of Assembly has cautioned property developers to desist from erecting structures without necessary approvals.”- The Guardian The Chairman of the Committee on Physical Planning and Urban Development, Mr. Setonji David gave the warning during an on-the-spot assessment of the complaints of the residents of the over 400 units ...

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Developers and firms in dilemma over rising cost of building materials

Building materials

“Efforts at improving the nation’s construction industry for the past few years may have suffered a setback, as property developers have recently seen an increase in the cost of building materials shoot up projects prices. Building firms and professionals currently witnessing slow transactions in the real estate sector are now grappling with a 150 per cent rise in material prices ...

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Top 10 Challenges Facing Nigeria’s Real Estate Sector

Nigeria's real estate sector

Despite the fact that the economy of the world’s most populous black nation is presently in recession, Observers still believe that Nigeria’s real estate sector still evolves at a tremendous pace. The focus of this article are the factors that constitute a stiff opposition to the country’s emerging real estate industry. There is no doubt that other budding sectors of ...

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