Tag Archives: REDAN

After several consultations with relevant stakeholders in the built sector, the Real Estate Development Association (REDAN)), an umbrella body of all registered real estate developers in Nigeria, is set to sign a memorandum of understanding (MoU) with Family Homes Funds to build 100 housing units in each of the 774 local government in the country.  Family Homes Fund (FMF) is ...

REAL Estate Developers Association of Nigeria has announced plans to roll out 77,400 housing units for low and medium-income earners across the country to complement the Federal Government’s efforts in bridging the nation‘s huge housing deficit. The association said the planned 77,400 housing units would create 2.2  million direct jobs and urged government at all levels to assist developers by ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...