Lagos State government says it is working to fully re-open critical sectors of its economyThe state governor Babajide Sanwo-Olu, stated this on Sunday during an update on the COVID-19 pandemic, adding however, the move would not be pushed in a hurry.Sanwo-Olu said in the coming days, the state government would be rolling out Register-to-Open initiative […]
The Lagos State Government has commenced the automation of the Ministry of Physical Planning and Urban Development, especially its stage certification, monitoring and urban renewal processes. The new move is through the Lagos State Physical Planning Permit Authority (LASPPPA) Lagos State Building Control Agency (LASBCA) and the Lagos State Urban Renewal Agency (LASURA). Commissioner for […]
Structuring project financing through the capital markets to ensure that the transactions are bankable, and the costs reflect reality. If Nigeria is to make up for the infrastructural deficit in the country, the government should consider resorting to bonds rather than loans for infrastructural financing. Structuring all transactions in a local currency, rather than dollars, […]
Real estate is the property, land, buildings, air rights above the land and underground rights below the land. The term real estate means real, or physical, property. “Real” comes from the Latin root res, or things. Others say it’s from the Latin word rex, meaning “royal,” since kings used to own all land in their kingdoms. The U.S. Constitution initially restricted voting […]
The importance of housing stretches beyond just a basic need for survival. It is a tool for societal regulation and a means of protection from danger and diseases. Essentially, the situation of housing in any clime has a multiplier effect on all other sectors. All individuals that constitute the labour force of any country definitely […]
Lagos State Real Estate Regulatory Authority, (LASRERA), yesterday formally launched a website and registration database for real estate practitioners in the state as part of efforts to checkmate the activities of fraudsters in the sector. Speaking during the launch of the website: www.lasrera.com at the Bagauda Kaltho Press Centre, Alausa, Ikeja, the Special Adviser to […]
The COVID-19 pandemic is having far-reaching impact on all sectors of the economy locally and globally; as the spread of the virus has grounded economic activities, the real estate sector inclusive. But a major player in the property business has offered an insight into how the sector can overcome the negative effect of the pandemic. […]
HOUSE ON THE ROCK Pastor, PAUL ADEFARASIN Pastor Paul Adefarasin, the founder of the House of The Rock Church in Lagos recently spoke about the beauty to Real Estate Investments and how it keeps appreciating yearly. Coming from this brilliant man of God who knows a lot about Real Estate many found his lecture rich […]
FCTA unhappy over non–payment of ground rent, failure to develop plots, violation of land use Revocation of land titles in Abuja is imminent as the Federal Capital Territory Administration (FCTA) is angry over violations of the contract terms by allottees of various plots in the nation’s capital. Consequently, it has vowed to commence the revocation […]
Activities of fraudulent estate agents and property developers have reached the peak in the Lagos property market, leaving accommodation seekers, the major victims, with tales of woes. However, government is bracing to the challenge of regulating activities of practitioners in the state, reports DAYO AYEYEMI. Real estate business is one of the legal and profitable […]