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Tag Archives: REDAN

Developers embrace unitisation to fund real estate

real estate

In the property market where it has become increasingly difficult to obtain long-term financing, property developers are turning to alternative funding to shore up their portfolios. One of the new concepts being adopted is known as unitisation, which offers discerning investors easier entry into commercial real estate investment. The model also gives investors gateway to diversify their property portfolio because ...

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Why housing development is slow – REDAN

REDAN

Housing development is slow because it is choked by several factors These include access to finance, land, materials and resources. Others are access to tilting, governor’s consent and approvals, which have made it impossible to have potent demands for housing as developers are almost choked by demands from the government and her agencies, the Chairman, Real Estate Developers of Nigeria ...

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Developers to deliberate on land titles, building approvals hitches with southwest states

southwest

To stem the myriads of problems hindering private sector-driven housing supply, property developers plan to begin talks with states in the Southwest region to arrest the situation. The move comes on the heels of current national housing policy that emphasizes the use of the private sector in growing the housing stock and providing jobs through construction activities as well as ...

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REDAN, EFCC collaborate to curb property fraud

REDAN

The Real Estate Developers Association of Nigeria(REDAN) says it is working with the Economic and Financial Crimes Commission to curb sharp practices such as money laundering and other fraudulent acts in the real estate industry. The President of REDAN, Mr. Ugochukwu Chime, said the association in collaboration with the EFCC and the Special Control Unit on Money Laundering had since ...

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Enugu State to host Southeast housing summit

Real Estate Developers Association of Nigeria, (REDAN), South-East zone, has reached a collective agreement to host a major Housing Summit and Exhibitions next month. The Summit tagged Akulueuno 2019 – will hold on Wednesday, September 4, 2019, at the Kobb Civic C`enter (Shoprite), Polo Park Mall, Enugu. The Summit packaged in collaboration with Goldspectra Communications Network promises to be very ...

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REDAN lists challenges facing housing sector in Nigeria

REDAN

High cost of securing and registering secure land title; inadequate access to finance, slow administrative procedures, and high cost of land, have been identified as the major factors affecting housing development in the country. President of Real Estate Developers Association of Nigeria (REDAN), Rev. Ugochukwu Chime who stated this in Enugu, said the association was collaborating with other critical stakeholders ...

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Bank loans to real estate industry drop by N162bn

real estate

Credit allocation by banks to the real estate industry has maintained a downward trend in the last year. Data obtained from the National Bureau of Statistics showed that the industry got about N622bn out of the N15.13tn credit to the private sector in the last quarter of 2018. The amount, which accounted for 4.12 per cent of the total credit ...

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Abuja REDAN To Engage Govts Over Housing Provision

REDAN

Poised to aid mass housing development for low-income Nigerians, the Real Estate Developers Association (REDAN), Abuja chapter, has pledged to drive constructive engagements with government at all levels. The chapter’s newly elected chairman, Mr. Andrew Elerewe, revealed this plan recently in Abuja, saying the time had come for governments to see its association and members as strategic partners rather than ...

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Developer urges govt on sustainable housing policies

housing policies

Real Estate Developers Association of Nigeria (REDAN), Federal Capital Territory (FCT) chapter Chairman, Mr. Andrew Elerewe, has urged the winner of the presidential election to come up with sustainable and implementable housing policies. In a statement made available to newsmen, he said investors in the sector want the government to evolve realistic housing policies for the sector. He said: “We ...

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NIOB seek collaborative support from private sector, government

NIOB

Private sector, Ministries, Departments and Agencies (MDAs) at all levels of government have been called upon to collaborate with the Nigerian Institute of Building (NIOB) to meet housing needs of citizens. Besides, President of NIOB, Mr. Kenneth Nduka, called on governments at all levels to respect and enforce the unique roles of builders in all aspects of building project delivery ...

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