Real Estate

Grenadines Homes, a member of the Palton Morgan Holdings conglomerate, is poised to boost the Nigerian economy with an ultramodern estate development scheme that is estimated to gulp a whopping N40 billion. Tagged “Atlantic Resort”, the project is expected to attract both local and foreign direct investments, while also providing numerous employment opportunities. At a brief ceremony held on Friday, ...

South Energyx Nigeria Limited, the developers and planners of Eko Atlantic City situated adjacent to Victoria Island, has partnered with Fine and Country West Africa for the Refined Investors Series 2017, scheduled to take place in London, United Kingdom on October 6 and 7, 2017. The event, described as the leading premium real estate forum, is themed: “Taking Nigeria to the ...

The Perfection Real Estate Investors Cooperative Society (PREICS) in Lagos on Sunday, August 6, 2017 unveiled housetypes designated for its Perfection Cooperatives Estates located in Ikorodu and Lekki. The PREICS was also formally launched the housing estates. The PREICS is an independent membership-based real estate club whose sole purpose is wealth creation through real estate investment for the benefit of members. ...

Recently, Lagos-based developer, Propertymart Real Estate Investment Limited, sealed a Public-Private Partnership (PPP) agreement with the Federal Ministry of Housing to construct middle and low income homes in Gwagwalada Area Council of the Federal Capital Territory (FCT) to the needy. The occasion featured the Federal Ministry of Housing team led by Deputy Director, Private Public Partnership (PPP), Arc. Tonye Igbanibo, ...

The deliberate efforts of the Federal Government to reduce the widening housing deficit in the country have received another boost. The acting president of Nigeria, Prof. Yemi Osinbajo, recently called for a Public Private Partnership (PPP) to bridge the infrastructural deficit in Nigeria and other African countries. Propertymart Real Estate Investment Limited has taken the bull by the horn by ...

A Lagos High Court in Igbosere has adjourned the suit filed by the Incorporated Trustees of Word of Life Bible Church against the Lagos State Government over non-issuance of building permit to October 11, 2017. In a suit marked LD/3040/14 before Justice Christopher Balogun, the church is asking the court to order the state government to issue it with building permit for ...

The dream of many Nigerians across all strata of the economy to own their own homes is at the verge of becoming a reality. This is even as, concerned by the nation’s housing deficit due to inadequate access to housing finance, the Nigeria Housing Finance Programme (NHFP), implemented by the Central Bank of Nigeria (CBN), has launched what it christened ...

Director General of Nigerian Building and Road Research Institute (NBRRI), Professor Danladi Matawal, has said that using locally-sourced building materials not only saves money for the builder, but can be more environmentally-suited to the particular locality. The professor of Civil Engineering was speaking at the Lagos Airport Hotel, Ikeja, venue of the 17th Lagos International Housing Fair on Friday, May ...

Nigeria, by all indices and despite its challenges, represents a huge market for real estate development. The ongoing Federal Housing Scheme is being implemented to address the housing needs of Nigerians plug the housing deficit, which is put at about 17 million units. Minister of Power, Works and Housing, Babatunde Fashola (SAN), has said that the scheme is aimed at ...

The Federal Government says it has made a provision for some N500 billion to resuscitate the Federal Mortgage Bank of Nigeria (FMBN) to make mortgage facilities easily available to Nigerians. Alhaji Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia, Nasarawa State on Monday, April 10, 2017 when he called on the state’s Deputy ...