In a decisive move to uphold urban planning standards, the Federal Housing Authority (FHA) has recently suspended all ongoing construction activities in its estates located in Lugbe, Karu, and Kubwa within the Federal Capital Territory (FCT) of Abuja. This action underscores the critical importance of obtaining proper approvals for development projects to ensure compliance with regulatory frameworks and...
Real Estate News
Lagos plan to aid distressed building renovations, the Lagos State Government has announced a new initiative to support developers and property owners in addressing the issue of distressed buildings. According to Dr. Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, the ministry will provide technical assistance in designing and renovating such buildings, beyond just approving...
Lagos Extends Building Permit Amnesty to Dec 31, the Lagos State Government has extended the amnesty period for property owners and developers without Planning Permits until December 31, 2024. Governor Babajide Sanwo-Olu announced this extension at the Lagos Physical Planning Summit, held at Eko Hotels and Suites. Lagos Extends Building Permit Amnesty to Dec 31 This extension offers property...
FG: 60 Days to Pay Ground Rent or Lose C of O, The Federal Government has issued a 60-day deadline for titled property owners nationwide to settle outstanding ground rent and statutory fees, warning that failure to comply will lead to the revocation of their Certificates of Occupancy (C of O). Minister of Housing and Urban Development, Arc. Musa Dangiwa, made this announcement on Wednesday at the 29th...
The Lagos State Government has committed to delivering Quality Housing Projects for Citizens, ensuring that all ongoing housing developments meet the highest standards and are completed during the current administration. Quality Housing Projects for Citizens During a recent inspection of the Lagos HOMS housing project at Ajara in Badagry, Lagos State Commissioner for Housing, Moruf...
The donation of 50 hectares of land by the Zamfara State government for the development of an affordable housing estate has sparked optimism that more Nigerians, particularly Zamfara indigenes, will soon become homeowners, helping to alleviate the housing deficit in the state.More Real Estate News - Life on the Waters: Inside Makoko Waterside and Lagos Housing Crisis Zamfara Affordable Housing This...
Makoko Waterside the canoe slices through the murky waters of the lagoon, guided by a young man standing at the back, using a long pole to push the vessel between wooden structures propped on stilts. Other canoes drift past—some carrying women selling fish, while others transport children making their way across the settlement. A few are occupied by young men, still in their work uniforms, returning...
FG Launches Real Estate Investment Fund - The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment Fund, aimed at addressing Nigeria’s housing deficit by partnering with the pension and financial sectors to provide affordable housing. The initiative is a key part of the One Million Homes Presidential Initiative, designed to offer low-cost mortgage financing options...
Why Location Matters! When it comes to real estate investment, one mantra holds true: location is everything. The location of a property not only influences its current value but also its future potential. Whether you're buying your first home, investing in rental properties, or adding to your real estate portfolio, choosing the right location is crucial for long-term success. This article provides expert...
The Federal Government needs over N16 trillion to complete Road Projects – Umahi, projects inherited from previous administrations, according to Minister of Works, David Umahi. Speaking at a press briefing in Abuja, Umahi provided updates on the Ministry’s progress under President Bola Tinubu’s Renewed Hope Agenda. FG Requires Over N16 Trillion to Complete Inherited Road Projects –...
