2018: Experts predict vibrant real estate

As oil prices stabilise at 17 per cent higher than 2017 average and direct foreign investment increases, experts see surge in real estate activities in 2018. DAYO AYEYEMI reports   Following improvement in the economy, things are beginning to look up in Nigeria’s real estate sector with market operators getting set to tap into the opportunities, which exist in various segments of the market. They were, however, particular about the low and middle income residential, millennial and student accommodation sections. Apparently equipped with the dynamism of happenings in the economy,…

Read More

How to attract finance into real estate, by experts

Real estate venture is capital-intensive. While this huge capital is often difficult to come by, experts and advisors have propounded guiding principles for developers. DAYO AYEYEMI reports   One major thing the Federal Government needs to tackle urgently is developing the real estate sector, which has not shown any sign of recovery from recession going by the number of abandoned projects dotting the landscape. As investors are beginning to show confidence in the Nigerian economy due to the government’s intervention in forex, rebound in the capital market and rising oil…

Read More

Housing: Developers adopt strategies to cut deficit

To reduce Nigeria’s 17 million housing deficit, real estate developers are taking up pragmatic marketing strategies to help Nigerians realise their homeownership dream. Dayo Ayeyemi reports   Housing is more than mere shelter as it encompasses all basic infrastructures such as road network, power supply, clean water and other services that make life enjoyable. Besides, the number of quality houses in any nation is one of the criteria for measuring its level of development and quality of life. Real estate sector has been seen by experts as a mirror of…

Read More

Cost of land in Ibeju-Lekki rises by 500%

  From N1 milion five years ago, price of a plot of land in Ibeju –Lekki, Lagos has soared to N6 million, representing 500 per cent increase, New Telegraph has learnt. It was also gathered that the land’s price per plot might soar to N8 million before the end of the year due to increased demand by investors and home seekers, who are positioning for opportunities inherent in various industries coming up in Lekki Free Trade Zone (LFZ). According to the President, Perfection Real Estate Investors Cooperative Society, Mr. Niyi…

Read More

Surveyors seek shift in climate change battle

Worried by various climate change-induced environmental challenges in the country, professional land surveyors are seeking roles to mitigate its adverse effects on human settlement and environment. DAYO AYEYEMI reports   For a long time now, the telling effect of climate change has continued to put urban centres, many lives and the environment in danger. It has consistently compelled stakeholders, encompassing the government, non-governmental/civil society organisations, religious bodies, professional institutions and residents to find ways to mitigate the negative and dangerous effects on humanity. Part of the problem has been the…

Read More

Stakeholders fret over proposed land use law

  If the current bill before the Lagos State House of Assembly is anything to go by, some identified wrongs in the Lagos State Land Use Charge (LUC) Law 2001 will be put in proper perspective as stakeholders register their concerns. DAYO AYEYEMI reports The bill seeking to repeal the Land Use Charge Law, 2001 and enact the Land Use Charge Law 2017 to provide for the consolidation of property and land based rates and charges payable under the land rates law is receiving public attention in the Lagos State…

Read More

Comprehensive waste mgt berths in Lagos

  With the delivery of multi-million dollar waste management trucks, innovative transfer loading station, engineering land fill and well-kitted worker, Lagos State government is, unarguably, set for modernised waste management process. DAYO AYEYEMI reports   Efforts at improving the physical environment of Lagos metropolis and making it cleaner, safer and healthier for all through the Lagos Cleaner Initiative (CLI) are taking shape as the authorities took delivery of state-of –the –art equipment ranging from trucks to vehicles and galvanised waste bins for the exercise. With the delivery of the equipment,…

Read More

Surveyors tasked on sustainable flood management

To reduce disasters associated with flooding, surveyors have been urged to be part of the solution to generate integrated flood management strategies. DAYO AYEYEMI reports As memories of the devastated flooding that ravaged towns in Lagos Island, Niger, Akwa Ibom states and other parts of the country in July 2017 are yet to leave the victims, governments at all levels have been tasked on the need to engage the expertise of licensed land surveyors for sustainable flood risk management in the country Surveyors’ engagement in flood control and management, built…

Read More

Land: Lagos communities oppose govt’s proposed land enumeration system

Communities in Epe Local Government Area of Lagos State, comprising 120 families, under the aegis of Eyin-Osa United Kinkdom Development Association (EUKDA), have expressed fear over the proposed enumeration plan by government on their landed property. Speaking on the procedure that officials put forward to conduct the enumeration exercise, the association’s executive headed by Chief Muftau A. Shittu, who called the attention of Governor Akinwunmi Ambode to the lingering issue, expressed the group’s opposition to procedure mooted by the officials, describing it as an attempt to defraud the land owners…

Read More

Building collapse: Engineers tasked on safety violations’ report

  The Lagos State Building Control Agency (LASBCA) has urged engineers to report safety standard violations resulting in buildings collapse in the state. LASBCA’s General Manager, Olalekan Shodeinde, made the appeal to Association of Professional Women Engineers of Nigeria (APWEN), which paid him a courtesy visit in Ikeja. He tasked the engineers on whistle blowing, saying it provided an avenue to give government whatever information on any structure, be it construction or reconstruction, that is structurally defective. Shodeinde urged engineers and concerned members of the public to call the agency’s…

Read More