Abuja, Blog, Building Materials, Ibeju Lekki, Lagos, Lekki, Magodo, Oshoroko, Property, Real Estate

Real Estate Professionals Advocate Use of Alternative Building Materials

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DAYO AYEYEMI

Nigeria is blessed with many natural resources such as land, sharp sand, laterite, granite, iron ore and wood of various types, yet it still depend largely on foreign materials for housing construction after five decades of independence.

Except sand, granite and wood, most of the finishing materials such as tiles, glass, roofing sheet, doors, sanitary wares, locks, lightings and pipes, including labour are being imported into the country.

Over dependence on foreign materials by government and home builders, housing experts say is one of the major factors responsible for high cost of houses in the country, aside from high cost of land and money.

Worried by the high price tags on housing units, experts comprising developers, builders, architects, town planners and manufacturers are currently canvassing the use of alternative local building materials to arrest the trend.

They noted that despite the manufacturing of different types of machines for local brick’s production, roofing sheets and research on alternative cement by the Nigerian Building and Road Research Institute (NIBRRI), lack of patronage has weighed on the agency of government.

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Some of these materials include sun-dried bricks (adobe), cement stabilised bricks/blocks, interlocking laterite blocks, burnt clay blocks, clay roofing tiles and NBRRI brick/block making machines.

As at now, Nigeria has over 17 million housing deficit and would require 740, 000 units built annually in the next 20 years to bridge the gap.

Speaking with the New Telegraph in Lagos, first Vice President of Nigerian Institute of Building (NIOB), Mr. Kunle Awobodu, said that apart from public apathy, lack of awareness on affordable and alternative building materials have not helped matters.

According to Awobodu, if NIBRRI has researched into alternative cement for housing, it should be publicised and made available in the building materials’ market for public use.

“If the alternative building materials are affordable and available, nobody will jettison them. They should make them available in the market,” he said.

The first vice president said that when materials are produced locally, there is tendency the cost would reduce.

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Abuja, Blog, Ibeju Lekki, Lagos, Lekki, Property, Real Estate

NNPC Explores Commercial Opportunities In Real Estate

The Nigerian National Petroleum Corporation (NNPC) is currently exploring all commercial opportunities available in the real estate market to efficiently position itself as one of the key players in the sector, New Telegraph has learnt.

Besides, the move is hinged on the need to increase its revenue generation aside from oil and gas business.

To this end, the company, through one of its subsidiaries, NNPC Properties Limited, has embarked on the recovery of its over N100 billion worth of unharnessed landed property across the country for real estate investment.

The latest is that NNPC Properties Limited has secured massive land in three major cities in the country for real estate development.

A staff of the company, who did not want his name in print, told this newspaper last weekend in Lagos that the three major cities already identified for real estate potential include Lagos, Abuja and Port Harcourt.

He said the group would be spending $26.9 billion on 50-hectare real estate development known as “Royal Grove” in Greater Port Harcourt City, Omagwa, River State, for 770 families.

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In an exclusive chat, the source said that aside from Port Harcourt, there was also plan to develop massive housing estate in Lekki Marina in Lagos State and another choice location in Abuja.

“We have on-going real estate development worth $26.9 billion in Port Harcourt. Our real estate development is also coming up in Lekki Marina. We have secured about 92 hectares of land running into trillion of naira in Lekki,” the source said.

Aside from the two projects, the source disclosed that NNPC Properties Limited had also partnered some real estate developers, numbering 30, for development of different grades of housing units in Abuja, Lagos and Port Harcourt.

“We are collaborating with several developers in Lagos, Abuja and Port Harcourt that are developing different grades of housing which will be made available to the public soon,” the source said.

Some of the private developers, this newspaper gathered from a document secured from the staff, included Jofame Integrated Limited for Royal Palm Villa, Ibeju Lekki, Lagos; Viendubond Contractors Nigeria Limited for Chessvile Corte, Life camp, Abuja and Mercy Sanuelson for Southend Estate, Abuja. Others are Princely Estate Limited for Eric Moore Lagos and Dacho-Telius Limited for the Reserve Estate in Port Harcourt, among others.

NNPC Chief Operating Officer (COO), Ventures, Babatunde Adeniran, had told journalists early in the year in Abuja that the plan would be honed through commercial opportunities, adding that the company had already commenced the recovery of the Corporation’s landed properties.

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Abuja, Blog, Lagos, Property

Documents You Need To Maintain Sanctity Of Ownership of Land

For various reasons, several people, especially new investors, venture into property business without first acquiring the land appropriately via procurement of necessary documents. This has cost some landed property owners more than they ought to have paid.

For the avoidance of doubts, anyone going into property whether for business or for residence, it is advisable he knows the land, surveys it and finds out if it is not part of government acquisition in state or local government, mapped out for the original land owners or whether it falls within the area the government has taken for public development.

It is also important to ascertain how the land in question is gazetted and under which heading it was recorded. You also must have an agreement document between you, the buyer, and the seller, to permit you to take actions on the land. From that point and with these at hand, you proceed to apply for the certificate of occupancy (C of O). Those who are unable to go through all these are likely to fall prey to zealous government officials and eventually lose the landed property.

With you having a clear understanding of all land titles, you would be guided aright when you are making investment decisions in real estate. Some of the basic documents clients are advised to understand their full definitions including but not limited to the underlisted as there are many other petty terminologies we may not explicitly discuss.

Survey plan of the land in question

For one to lay claim to any landed property, he must have surveyed the piece of land and have the survey plan. A survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of the land.

The people that handle survey issues are surveyors and they are regulated by the office of the Surveyor General in any state of the federation where the deed is taking place. Whether the survey plan is done in Igbakwu, Onitsha, Ibadan, Kaduna or Gombe, it must contain the following pieces of information: the identity of the owner of the land surveyed; the area description of the land surveyed; the area covered by the land surveyed; the drawn out portion of the land survey and mapped out on the survey plan document; the beacon numbers; the surveyor who drew up the survey plan and the date it was drawn up; a stamp showing the land is either free from government acquisition or not. Please note that there are two kinds of survey plan – approved and provisional survey excision.

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Excision

A new person in a state may not know where government has mapped out as no go area. In this regard, the Omoniles may deceive the buyer into committing a huge sum of money into a land that has been claimed by government for public development.

But with your knowledge of these and other laws, you can understand that it is legal for the governor, who is the owner of all lands in the state, to actually have the power to acquire any land compulsorily for the purpose of providing amenities for the greater good of the citizens. This may include your own land.

Fortunately, the government recognises that indigenes of different sections of the country have a right to existence and also a right to the land of their birth. Hence, it is customary for state governments to cede a portion of land to the original owners (natives) of each area. If you are buying from these families in these areas, you are then safe from government acquisition.

An excision means basically taking apart from a whole and that part that has been excised will be recorded and documented in the official government gazette of that state. In other words, not having an excision means the land could be seized by the government any time without compensating you even if you bought it “legitimately” from the Baale or the original dwellers on the land.

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Remember to follow the blog for more on the Nigerian Real Estate sector. You can contact us if you are ready to find affordable property.

#RealEstateRevolution

Abuja, Duplex, Ibeju Lekki, Lekki, Property, Real Estate, Revolution Plus

REVOLUTION PLUS PROPERTIES

1. Royalty Garden, Shimawa
Title : C of O (Processing)
Actual Price :  2 Million Naira
3 Months installment: 2.5 Million Naira

2. Royal Flourish Park, Eluju Town, By Bogije.
Title : Excision & Registered Survey
Actual Price: 5 Million Naira
3 Months installment: 5.5 Million Naira

3. Royal Haven Garden, Agbowa, Ikorodu
Title : Global C of O Processing
Actual Price : 900 Thousand Naira

4. Royal Haven Garden, Mowe, Ofada
Title: Global C of O Processing
Actual Price: 800 Thousand Naira

It gets better, These Estate’s Offer has been extended

5. Royalty Garden, Idasho, Akodo-ise.
Title: Excision in Process
Actual Price: 1 Million Naira

6. Lekki Sunrise Garden, Lepia Town, Ibeju-Lekki
Title : Excision in Process
Actual Price: 1.5 Million Naira
3 Months installment: 1.8 Million Naira

Also trending;

7. Lekki Rose Garden, Oshoroko, Ibeju-Lekki
Title: Global C of O
Price: 5 Million Naira

8. Lekki Crystal Garden, Oshoroko, Ibeju-Lekki
Title : Global C of O, Registered Survey
Price : 5 Million Naira

9. Lekki Royal Garden, Oshoroko, Ibeju-Lekki
Title : Global C of O, Registered Survey
Price : 6 Million Naira

10. Flourish Royal Garden, Phase 2, Okun-Folu,
Title: Excision & Gazette
Price : 2.5 Million Naira

11. FLOURISH RESIDENCES MONASTERY ROAD, SANGOTEDO
Title : C of O
Price : 28 Million Naira (3 Bedroom luxury flats with service quarter )

38 Million Naira (4 Bedroom Terrace Duplex)

12. Hillcrest Estate, Sabon-Lugbe, Abuja
Title: C of O
Price : Penthouse (450SQM) 3 Million Naira , Duplex (550SQM) 4.5 Million Naira

13. Royalty Park and Garden, Mararaba, Abuja.
Title : C of O
Price: 1.5 Million Naira

INTRODUCING OUR LATEST ESTATES

14. FLOURISH RESIDENCESO

Off Monastery Road, Sangotedo

TITLE: C of O
Actual Price: 15 Million Naira
Promo Price: 13 Million Naira

15. CHAMPIONS COURT
Kayetoro, Eleko, Ibeju-lekki
Title : Excision
Promo Price : 3.5 Million Naira
Actual Price : 4 Million Naira

16.BROOKLYN COURT

Okun-Imedu, Ibeju-Lekki
Title : Proposed Excision
Price : 800 Thousand Naira

(Buy 5 get 1 Free)T

AKE ADVANTAGE OF THESE PRICES NOW

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Abuja, Duplex, Pent House, Property, Real Estate, Revolution Plus

HILLCREST ESTATE SABON-LUGBE, ABUJA 

A proverb goes; “Wise is the man that builds his house on the hill and foolish is the man that builds his house on the sand”. Take a wise decision today by investing in the most beautifully-located serene estate in Sabon-lugbe, Abuja, HILLCREST ESTATE.

It’s proximity to the the international airport, national stadium and many other estates around is an advantage.

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Penthouse :

Price: 3 million Naira (450SQM)
Terrace Duplex :

Price: 4.5 million Naira (550SQM)

Please leave a comment or send an email to schedule an inspection or for further enquiries.

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