Monday 31 March 2014

REGULATORY BODIES IN NIGERIAN REAL ESTATE.

The Real Estate Industry is a massive one and it’s no wonder there are quite a number of regulatory bodies for the various professions contained in the industry. Some of these regulatory body include bit are not restricted to the following;


The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is the regulatory body for controlling and setting standards for real estate and valuation practice in Nigeria. The profession gained limelight in the country when, in 1969, a group of qualified Chartered (General  Practice) Surveyors formed what is known as the Nigeria Institution of Estate Surveyors and Valuers  (NIESV), as a non-profit voluntary professional organization to cater for the interests of the Landed  profession in Nigeria,
Six years later, it was accorded Government recognition by the promulgation of the Estate Surveyors  and Valuers (Registration, ETC) Decree No. 24 of 1975, now CAP III (Laws of the Federal Republic of Nigeria) 1990.  By this legislation, Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) came into being as the Regulatory Body for the profession.
Nigerian Institute of Estate Surveyors and Valuers (NIESV)

BANANA HIGHLAND HAS MORE EXPENSIVE HOUSES THAN LONDON.


High cost of property on Banana Island positions Lagos as one of the most expensive cities in the world. A serene environment. Well-laid out streets. Undiluted breeze from the sea.  Good lighting  and other facilities that make life comfortable… All have combined to make Banana Island, Ikoyi, Lagos one of the most expensive areas to acquire a landed property in the country, nay the world.The ‘island’, which derives its name from the banana-shaped landscape, is approximately 1,630,000 square metres in size – less than a square mile. It is divided into 536 plots.
Landed property is even more expensive here than in some other parts of developed world such as the United Kingdom and South Africa, thus buttressing the various surveys that say Lagos is one of the most expensive cities in the world.An investigation by our correspondent shows that Banana Island is, indeed, for the big players who have more than enough money to afford the luxury of life it offers.

DO YOU WANT TO TAKE A CAREER IN REAL ESTATE? READ THIS!


ARE YOU INTERESTED IN REAL ESTATE BUT STUCK WITH WHAT YOU STUDIED IN SCHOOL OR THE JOB YOU ARE AT CURRENTLY?
ICAN DID IT FOR NON ACCOUNTING GRADUATES, LET NIESV DO IT FOR YOU
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No matter what your present vocation is, so far as you are a University or Polytechnic graduate, you can before a Chartered Estate Surveyor and Valuer counting your share of the billions if not trillions in this industry in as short a time as 3years!
We have the system to deliver this!
Who is an Estate Surveyor & Valuer?

Thursday 27 March 2014

KICK THE RENT HABIT;GET YOUR OWN LAND FOR JUST 20K


Be among the lucky ones to take advantage of this great offer and make yourself a land lord in this new  mega city. Get a plot for land for just N525000. You can also pay as low N20000 per month for a period of 36 weeks.Its cheap,its affordable, its real. For more enquiries visit http://goo.gl/obBFJm or call 08033979778.

Tuesday 25 March 2014

LOW COST HOUSING STRATEGIES TO CONSTRUCT YOUR HOME

If you are searching for proven low cost housing strategies to construct your house, then take time to digest this article.
I will be sharing with you some proven tips that will help you to construct affordable income apartment with ease.Most middle and low income earners aspiring to become landlords are getting frustrated because of different forms of challenges manifesting in the country’s economy.These challenges centred on the high cost of building materials, cost, time and near impossible processes involved in secure good title, problems encountered while trying to get loans from banks, settling problems with the so called omo oniles.If you manage to resolve the aforementioned, the challenge of erecting the house, which is rather high and alarming, will now, be starring you in the face.For example, a bag of cement for instance cost N2,000 on the average, while some government officials could insist on collecting bribe before processing land documents for people.
affordable housing Proven Low Cost Housing Strategies to Construct Your House

According to National Director, Habitat for Humanity Nigeria, Ezekiel Ojo says that Nigeria requires additional 16 million houses to address the housing needs of her teeming population.He dropped this hint while handing over 100 housing units to the beneficiaries in an MTN sponsored housing scheme in Nassarawa state.Despite these problems, the prominent real estate companies in Nigeria have been proffering solutions to help middle class and low income earners to build affordable housing apartment without stress.

OLOJA ESTATE; THE FUTURE IS BECKONING.

GOT Formation Limited is a Real Estate company in Lagos Nigeria that is specialized in property acquisition,sales,lease and estate development. Presently GOT Formation Limited has  taken it upon itself to eradicate the problems that arise with communities or property owners (popularly known as Omo-nile) by so doing you are no longer at risk over the real ownership of the property you want.
   We are presently developing an Estate sited in Agbowa Ikosi Epe Local Government  Area in Lagos State known as Oloja Estate. This is a bold move in line with the state government to decongest central Lagos. We employ you to join the band wagon while you can.

                                       Entrance of the Estate under construction.

HOW TO PROCESS YOUR BUILDING PLAN APPROVAL.


I like to think of building plan thus: Every idea starts with the gift of imagination! However, it has been proven that even the shortest pencil is better than the longest memory. Imagination needs to be captured otherwise it becomes a thing of the past.They are the first tangible thing that depicts the picture of the buildings we have imagined. Without them, we cannot fully capture or see the reality of that beautiful four bedroom duplex with a swimming pool and a lovely garden or the 100,000sqm of parking space with tons of convenience stores meeting the needs of various individuals.They are the graphical representation of what a building will look like after construction and also helps in the process of evaluating the cost of erecting such a structure.

GIVE YOUR FAMILY THAT EASTER TREAT.


Give your family that Easter treat by becoming a property owner  at Oloja Estate Agbowa Epe  with a privilege to pay as low as N20,000 in 36 instalment or a huge discount if you  have what it takes to pay outrightly.Pls call +234 803 3979 778 or visithttp://goo.gl/obBFJm.

8 ANTICS OF SUPPLIERS AND CONTRACTORS.


If you are not on site for your building project in our environment, it takes a lot to get the best result. Building is serious work in our environment. If you don’t have the time, you should have the money or vice versa. You can be in want of this two things, otherwise you won’t get anywhere. The situation in the industry is quite bad too.
Recently a friend of mine, an architect, embarked on a project. He had made inquiries pertaining to blocks at the initial stage of the project, he found out blocks of 9 inches were sold for N180, but just before the start of the project he sent his staff to also enquire, he was also told it was N180. Note that this his staff was with him on the day he made the initial enquiry. He eventually found out that just close to his site, he could get blocks for N170 each. Therefore, his staff who confirmed the N180 would have made for instance a million naira from N10 on every block, if an average of 1,000 were purchased.

USING SOCIAL HOUSING SCHEME TO SOLVE HOUSING PROBLEM IN NIGERIA.


When you talk about social housing for the masses, the words that come to mind are cheap, affordable, non-profit driven, mass produced houses that could be occupied by low income earners, who may wish to save towards eventually buying such houses with time.
Considering the fact that Nigeria has a housing deficit of about 16 million, any information that will help in providing cheap, affordable and non- profit driven social housing scheme for the general masses should be embraced.
No wonder, the minister for lands, housing and urban development, Ms. Ammal Pepple was forced to challenge the Federal Mortgage Bank of Nigeria to explore ways of providing houses for the generality of Nigerians as a social scheme.
Beyond this however, the truth is that social housing is workable in the country if every stakeholders involved in the housing business face the realities of the time

Monday 24 March 2014

BUILDING YOUR OWN PROPERTY USING NATIONAL HOUSING FUND (NHF)


The national housing fund is one of the ways by which we can access finance to purchase your choice property. It’s been anchored by the Federal Mortgage Bank of Nigeria. They distribute or loan out the money through the banks we call primary mortgage institutions; that is the regular mortgage banks we see around in conjunction with the Federal Mortgage Bank to get the money across to Nigerians. Make it easier for people to access it that way.
Any Nigerian that is above 18 years, has a source of livelihood, and is contributing to the fund can access that money. They have three categories of loan amount given: five, ten, and fifteen million. It used to just be five million until it became apparent that five million could not purchase any property of real value, or it limited what one could do with the money. After a review, the ten and fifteen million category was added.

FOREIGN OR LOCAL: CEMENT HASN'T REALLY DROPPED.



The plan by the Federal Government to increase tariff on imported bulk cement invokes the intrigues that have continued to trail the pricing of cement in the country.
In what could be described as one of the economic wonders of Nigeria, when there is glut, the price of cement either remains as it is or it goes up. Besides, the politics of pricing of the essential commodity seems to be proving a peculiar economic point in Nigeria: that whether you manufacture locally or you import, the prices can still be uniformly high.

IMPORTANCE OF COOPERATIVE SOCIETY IN REAL ESTATE.



Co-operative society is one of the proven secret that wealthy people are using to achieve success in whatever goal they desire to achieve.Unfortunately, many Nigerians are missing this lifetime opportunity of using this platform to associate with like minds and gain financial freedom.One of the factors misleading people about the power is the lack of meaningful results or alters failure of the ones they see around.But should you drop your search and resign to faith because of these reasons?Aren’t there co-operative societies at work places and outside that have done well and are still doing well?Don’t be deceived; cooperative society can be the vehicle to fund your building project without stress and for the growth of your business if it’s well run.

JOINT VENTURE PARTNERSHIP IN REAL ESTATE.



Joint venture partnership is an interesting side of real estate success both in Nigeria and world over till date.
A terse definition of joint ventures will be “a synergetic contract between individuals or group of persons (corporate bodies) that have agreed to work together to achieve a certain set goal for the common benefits of the parties.
It is also built upon a platform where these contracting parties accept to complement each other especially in a situation where they can not be able to embark on the said project independently.

Friday 21 March 2014

KILLER LAND LORD SETS 6 YOUTHS ON FIRE.



It was gathered that the victims were allegedly set ablaze by Adebesin at 7pm because they were gambling and smoking Indian hemp on his premises.
A witness, who pleaded anonymity, said Adebesin, a commercial bus driver, had  just returned from an outing when he saw the six youths in his compound.
He said, “Their activities made the driver engage them in an argument. As the talks became heated, Adebesin reached for a can of petrol which he emptied on them.

5 THINGS TO KNOW BEFORE YOU BUY OR RENT PROPERTY

1. How long do you intend to live/stay there?
This is an important question to consider because moving is quite expensive. If you’re in a temporary job and may soon be relocating to another city or even state, renting rather than owning might be a better option.
While none of us entirely knows how our future will play out, understanding how long you expect to stay in your new home allows you the chance to decide how large a home you want. If you’re a young couple, a home that is able to grow with you might be appealing. If you plan being single for a while, that counts too.
Whether you’re buying a home to live in or as a rental, the next series of tips can help in either circumstance. What makes a home more comfortable to its owners can also make it more attractive to renters.
2. Jobs in the area determine price
It’s always a good idea to check available statistics or ask a consultant to see how the employment is in an area that you are considering purchasing or renting  a home. Areas with lower unemployment, of course, are most attractive in terms of affordability. The greater the demand for jobs in an area, the more likely home or rental prices are to go up.
3. House vacancies in the area
This may not seem that important if you’re planning to live in the house, but actually this is a good thing to know even if you don’t rent your home. If there are lots of vacancies compared to surrounding areas, there could be a slowing in the market.
If you’re planning to rent part of the home, you’ll want to make sure that you have enough savings to cover expenses any time when your home sits vacant. If the market is slowing, there could be a period of several months before you get a quality tenant in place. Being prepared will ease the stress.

OGUN STATE HOME CHARTER SCHEME.



Customarily, property ownership are largely informal and undefined, whereby there are no documents to prove ownership and lands are self protected which has led to many resorting to self-help in order to physically protect their property.


As a result of this problem, the Ogun State Government has shown an uncommon understanding of the issues and has designed a new system of property rights protection through a simpler registration and certification process tagged the Homeowners’ Charter Initiative.

A CAR OR A LANDED PROPERTY, WHICH WILL YOU BUY ?


                                                                                                 VS

1)The mindset that puts a depreciating asset (a car) with an investment or appreciating asset (real estate) on the same pedestal, or worse off attempt to say the depreciating asset is more valuable than the appreciating asset all things being equal.
2) Secondly, the thinking that the future will take care of itself. It is usually the sayings of planning or thought lazy minds. I agree over-planning and being too careful is not good either, but life is generally about moderation and not avoidance.
An unplanned and unprepared future is guaranteed to be bleak. And a depreciating asset can never equate the worth of an appreciating asset all things being equal.
The guide I will suggest is that whenever a decision is to be made as to whether to get a depreciating or appreciating asset, answer the question based on purpose. What purposes will getting either of them serve? Where the depreciating asset will just serve ephemeral (short-lived) end like a newer version of an item you already have that is not malfunctioning, go for the appreciating asset instead.
Guess what? There will always be a newer model, that’s the way the companies who make them sell and make profit. If you live your life that way, you will pay dearly for it. Things can’t make you, you should make things. So, buy land or car?

MACHO LAND LORD BEATS TENANT TO DEATH.



ssues between landlords and tenants are not uncommon. That is why the Citizens’ Mediation Centre, an arm of Lagos State Ministry of Justice handles landlords/tenants matters through mediation. Here, landlords and tenants can resolve their issues amicably. However, that is not the case with Mr Adebayo Akinrinlade, the landlord of the house at No. 40, Church Street, Aboru, Iyana-Ipaja who decided to take matters into his hand on April 1st by beating Michael, one of the tenants that lived in his compound to death. The issue is now being tried in magistrate court.
We advice you all to take advantage of our product while you can to make yourselve a Land Lord.Become a property owner  at Oloja Estate Agbowa with a privilege to pay as low as N20,000 in 36 instalment or a huge discount if you  have what it takes to pay outrightly.Pls call +234 803 3979 778 or visithttp://goo.gl/obBFJm.

TIPS TO KNOW GOOD PROPERTY MANAGERS.

1. A good manager should be well trained and up to date with the trends in the real estate industry. Ability to review the changes to enhance the services he renders to its clients.
2. He/she should be knowledgeable in the laws operating for landlord and tenant. These include evictions, indebtedness, harassment, public nuisance, applicable state laws, etc.
3. He should be knowledgeable in marketing properties and financing.
4. Administration and managing risk, since many owners lack the skill to manage properties.
5. Ability to maintain and manage properties well.The aforementioned tips should guide you when you intend to employ the service of a property manager, otherwise what is the essence of having a good property managed by an inexperienced manager.
Therefore, a standard level of competency is necessary from the manager to manage your property well. Otherwise, the chances of getting good returns on your investment in the long run may be slim.
In conclusion, investment in property can be a very lucrative business when handled by good property managers.
And it takes an organized, well communicated and dedicated property company or manager to be able to pull off a successful estate management entity with strict level of professionalism.

LAWMA GOES TOUGH,ENFORCES WASTE BIN USAGE.



The Lagos Waste Management Authority will soon commence the enforcement of the use of appropriate waste storage bins by operators of petrol stations, garages and other business outfits situated along the major  highways in the state.
LAWMA said in a statement made available on Thursday that the enforcement was to ensure total compliance with the state government’s directive that all tenements should have covered bins for the storage and evacuation of wastes, and adhere strictly to the provisions of the state Environmental Sanitation Law, especially Section (12)  that states: “Every owner or occupier of a tenement shall provide a covered dustbin as may be specified by the authority outside the tenement for the disposal of waste.”

REDAN PRESIDENT RECOMMENDS ALTERNATIVE BUILDING PLAN.






Chief Olabode Afolayan national president of REDAN (Real Estate Developers Association of Nigeria), advises developers in the Nigeria to seek and use alternative building techniques that will keep building costs perpetually low, so that affordable housing dream may be realistic.
Will this not be encouraging developers to build substandard houses. What do you all think.


RELOCATE IF YOU ARE IN FLOOD-PRONE AREA IN LAGOS.


According to the commissioner, global warming has also worsened the situation.
Bello said it was wrong for people to buy land or build houses in low-lying areas or waterways, thereby inhibiting the flow of flood water.
He said, “I have said it in the past two years that people who live in such areas should relocate, especially in the months of June, July and August, when the rains seem heavier. There is nothing the government can do other than that.
“These are people who put us in office and it is our duty to let them know when things are going wrong and proffer solutions. We have relief centres in parts of the state where they can stay until they can find their feet again. That is the best we can do, the accommodation may not be the best, but it is only a temporary arrangement.”
Bello added that asking the government to provide houses for such purposes was out of the question.
“Ordinarily, you don’t build houses in low-lying areas; people should not even buy land in such areas that is what we are saying. But asking the government to build houses where they will relocate to is out of it,” he said.

REDAN, FMBN LAUNCH NEW ESTATE DEVELOPMENT POLICY.



The Real Estate Developers Association of Nigeria, in collaboration with the Federal Mortgage Bank of Nigeria, has announced plans to introduce a new estate development policy to guide the activities of operators in the built environment.
The National President/Chairman of Council, REDAN, Chief Olabode Afolayan, revealed this during a press conference in Abuja, on Friday, where he also addressed issues concerning the granting of loans to estate developers in the country by the FMBN.
He said, “Together with the FMBN, we are working on a new estate development policy. This policy will significantly address all forms of crisis that we have experienced in the past. With the new management of the bank, we are working together to come up with this policy, and it will check estate development loan crisis.

LANDLORD ASSAULTED BY TENANT.

Usually, landlords are the ones who hold power over tenants, after all a quit notice can be issued when they feel like it, want to increase the rent or just want you out of their house. Tenants are usually at the mercy of house owners since the flock of people looking to take your place are many and never-ending because of the greater demand for houses than supply.
A lot of times when there are scuffles between landlord and tenants, tenants are usually at the receiving end but that is not the case with Mrs Okonji, a landlady who resides in Festac Town and was assaulted by her tenant.
From the proceedings on the case which is currently arraigned before the Magistrate Court, the 65-year old landlady had rented her apartment out to Mr. Ikenna but as is the usual case in Lagos and most places, Mr Ikenna brought in his brother Mr. Chuks to live with him.
Unfortunately, Mr. Ikenna got a transfer in his office to another town and left his brother Mr. Chuks in the flat without informing his landlady. Chuks began to misbehave and cases of misconduct and inappropriate use of the territory reached her ears. Also, Chuks failed to pay the rent after the previous one expired and has been served a quit notice which he failed to comply with.

Thursday 20 March 2014

The Property Show: Modupe Anjous on Buying a Property in Nigeria



The show kicked off with Mrs Anjous advising listeners on various details to look out for when buying a property. A property buyer will need to look at attributes of the property like the size of the plot and the location but most importantly the title. The title document of the property helps the buyer to know the authenticity of the property as well as its ownership.
The verification of title documents is done by search at the lands registry (if buying a property in Lagos). A property consultants can help a prospective buyer with this process by advising on how to go about verifying the title documents as well as performing the due diligence process on a buyers behalf. The due diligence process involves finding out if the property is genuine or not.

Addressing the issue of title documents, a prospective property buyer will need to obtain copies of a Certificate of Occupancy (C of O) or a deed of assignment which has been given to the previous buyer or the person one is buying the property from. These documents are to be taken to the land registry in Alausa where a comprehensive search is performed. The search enables a prospective property buyer to gather information on the property including checks of whether the property is encumbered or not and if that property has been placed on a  mortgage. By doing a search, one can discover whatever is going on with the property they are interested in purchasing. Also, a request for the original documents of the property should be done before transferring fees and money.

Mrs Anjous also talked about property value and the factors that affect the value of a property. Environmental factors like location of the property have an effect on a property value. It is for this reason that the value of different property, even though constructed with similar materials and features, can have varying values. For instance, the value of a property in Lekki Phase 1 will vary from a similar property in Ogba.

Environmental factors like natural disasters such as floods also have an effect on the value of a property. A street can have one end flooding and another that end within the same street which does not have the flood problem. You will find the same type of property on such a street will not have the same value.
Social factors also affect property prices. People now prefer gated and serviced properties because security and amenities like power are taken care of. These properties are generally more comfortable and will have a higher value than a similar property that is stand alone in a not so secure area.

Speaking on purchasing a property, there are various information and details prospective property buyers need to put together prior to a property purchase. A prospective property buyer needs to have a budget, decide on the use of the property they wish to purchase and means of payment. By working with a budget a prospective property buyer can be advised on the location that will be most ideal for the purchase. Also, the means of payment also enables a property buyer to know what type of property to look into procuring.

First time property buyers may consider various schemes that make property purchase more affordable such as off plan property developments, mortgages from the National Housing Fund and Lagos HOMS.
Off plan property developments enable a buyer to purchase a property and pay in phases as the developers completes various stages of the property development.
An individual interested in financing a property purchase with a mortgage needs to first decide on the amount to collect and the interest rates the institution is offering. There is the National Housing Fund which is a government backed mortgage scheme and accessible to low/medium income earners. The NHF mortgage is currently the most affordable mortgage rate in Nigeria with interest rates as low as 6%.
Furthermore, property buyers need to select a housing scheme that is affordable to them. For individuals interested in buying into housing developments, there is a need to look out for the credibility of the developer and also gather information on the documents of the land on which the property is being developed.
About Modupe Anjous
Modupe has a wealth of experience in the property industry having worked in the industry and several private sectors for over 8 years. She is currently the CEO of Rydal Mews Ltd a real estate company and has been for the past 3years. She holds a Bachelor of Science degree in Estate Management from the University of Lagos and is a student member of the Nigerian Institute of Estate Surveyors and Valuers.

LEKKI TECHNOLOGY COMPLEX PROJECT IN PROGRESS


Plans have been put in place to begin the construction of a mega shopping mall along the newly constructed Lekki-Epe Expressway, directly in front of Abraham Adesanya Estate in Ajah.
The project being spearheaded by Messrs Richards Infrastructure Limited has earned the support of many investors and the Lagos State Government has already issued a governor’s Consent on the land in a bid to decongest the ever rowdy Computer Village Ikeja.
Designed by the architectural firm of Gab Associates, the construction is estimated to have cost N300million, with 167 shops for show rooms, business offices, retailers and phone repairers. Each shop is projected to go for N350,000 per square meter.

SOW THAT SEED THAT WILL BRING YOU FORTUNES.


Be among the lucky ones to take advantage of this great offer and make yourself a land lord in this new  mega city. Get a plot for land for just N525000. You can also pay as low N20000 per month for a period of 36 weeks.Its cheap,its affordable, its real. For more enquiries visit http://goo.gl/obBFJm or call 08033979778.

WITH JUST 20K YOU CAN LEAVE THAT LEGACY THAT YOUR GENERATION WILL REMEMBER YOU FOR.



Are you among those that care about what your generation will call you? Here is and opportunity to fulfil that dream while you smile home to God for a life well spent. It is time to take advantage of our product at GOT Formation Limited to make yourself really happy. Oloja Estate is the newest thing in town don't let it pass you. Buy land now for N 525,000 outright or pay N 20,000 in every instalment.

BE PART OF EARLY PROPERTY OWNERS, CONTACT GOT FORMATION LIMITED

GOT  Formation Limited is registered  as a limited liability company. The company is majorly into Real Estate, Property Development,Valuation and Consultancy.
The company has a very good working relationship with its clients which is  built on  trust and honesty. These values keep us ahead of others.With our new Medium of Estate Structure plan & a good hygienic environment to assist in the achievement of the MEGA City.
For more details:
Visit our Head Office: 59, Itire Road, Off Western Avenue, Surulere, Lagos - Nigeria.
Tel: 012911396, 012911397 or www.gotformationlimited.com

POSITION YOURSELF FOR REAL FUTURE HAPPINESS.


It is time to take advantage of our product to make yourself really happy. Oloja Estate is the newest thing in town don't let it pass you. Buy land now for N525,000 outright or pay N 20,000 in every instalment.For more enquiries visit http://goo.gl/obBFJm or call 08033979778.

FRAUD ALERT:BEWARE OF AYOBO LAND –LAGOS LAND BUREAU.


Lagos State Government warns members of the public to be wary of the act of individuals, families, traditional rulers and communities who engage in the widespread indiscriminate and illegal sale of government acquired land at Ayobo in Alimosho Local Government Area of Lagos State. According to Hakeem Muri-Okunola, the Permanent Secretary, Lagos State Lands Bureau, who said the government’s attention had been drawn to the increasing illegal activities of fraudsters who deceived unsuspecting members of the public based on unconfirmed claim that they were the owners of the land.

HOUSING: AVIATION VILLAGE ESTATE, ABUJA TO BE DELIVERED IN AUGUST


Aviation village estate, a N2.4 billion mass housing project of 270 flats,  will be ready in August according the project coordinators, an Abuja based mortgage firm, Suntrust Real Estate Investment Limited.
The project, which is being financed by the Federal Mortgage Bank of Nigeria (FMBN) in line with the National Housing Fund (NHF) will be situated at the Aviation Village District near Kuje overhead bridge on Airport Road in Abuja.
The Managing Director and CEO of Suntrust Real Estate Investment Limited, Muhammad Jibrin, said that the choice of the location tallies with its goal and that of the Federal Government which is to develop Abuja into a modern, functional and peaceful territory to meet International standards and people’s yearnings for a good life. Mr Jibrin stated that “Suntrust is completing the Aviation Village Estate Project in Abuja as a selection of high quality homes designed, built, and crafted with purpose. The estate is expected to foster community relationship setting where each homeowner will have a wholesome relationship with neighbours. The estate is the most modern and best finished lifestyle residential estate in the FCT”.

The estate comprises of housing units that range from three bedroom detached bungalow, three bedroom semi detached bungalow and blocks of flats with two bedrooms.
 

KICK OFF OF THE SECOND NIGER BRIDGE.

niger-bridge
Construction for the second Niger bridge began last week as President Goodluck Jonathan lay the foundation stone. In his speech  President Jonathan said the second Niger Bridge was critical to his administration’s resolve to improve the economic fortunes of the country, describing it as a fulfilment of one of his campaign promises.

IF YOU HAVE A FAMILY - WE HAVE THE LAND @ OLOJA ESTATE


You want it Big! More Space!! GOT Formation Limited has it at Oloja Estate with affordable price.
Oloja Estate gives you an instant allocation. Land has been cleared, laid out and ready for allocation and possession.
A plot sells for #525,000 Outright payment Installmental Payment for #720,000, With flexible and affordable payment of #20,000 payable over 36 months.
Allocation is upon full payment.
For Enquires 
VISIT US @ 59, Itire Road, Off  Western Avenue, Surulere, Lagos -Nigeria.
TEL: 012911396,012911397
WEBSITE: www.gotformationlimited.com


COMMISSIONER FOR ENVIRONMENT ADVICE LAGOSIANS TO RELOCATE FROM FLOOD PRONE AREAS.



Residents of flood-prone areas of Lagos State say rather than the government asking them to relocate, they should be assisted to secure their environment. Lagos residents, who live around wetlands and flood-prone areas, have stated that the advice given to them by the state’s Ministry of the Environment to relocate is not the best option for them.

NATIONAL INSTITUTE OF ESTATE AND VALUERS AWARD NIGHT.



Awards of excellence were recently given to deserving icons and huge contributors to the growth of the real estate sector in Nigeria.The award ceremony, held in Lagos on Tuesday 28th May 2013, was the 10th Biennial NIESV Lagos State Branch Honours’ Nite .
A former governor of Lagos State, Alhaji Lateef Jakande, and the state Commissioner for Physical Planning and Urban Development, Mr. Toyin Ayinde, were among eminent citizens given awards of excellence by the Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, for their contributions to the development of the housing sector and the built environment in the country.

BUILDING ADVICE: HOW TO SELECT A BUILDER


A good Builder is key to the success of a construction project. The Builder you select can make or mar your project. They play a major role in determining the duration of the work, its quality and your satisfaction level with the final outcome. Choosing the wrong Builder would successfully frustrate your project which can lead to a delay in the completion of the project, or even its abandonment.
In selecting a builder, there are certain factors to consider and they are discussed below:
Pricing: One must be careful with the issue of pricing because embarking on a building project is a huge undertaking. Make certain that there is a consistency in the cost of labour and the cost of building materials. Carry out research on detailed explanation of prices, quality of building material and labour suitable for the project.
Don’t just delegate your duties to anyone. Try to get involved in their operations from time to time so you don’t get exploited and your hard earned money goes down the drain and into the pockets of your builders.
Communication: “We cannot not communicate” In a building project of any magnitude, You don’t have the luxury of making mere assumptions. You must create room for free flow of communication from the bottom to the top and vice versa. Let the builders know how you feel about their work and what they are up to. Always ask questions. Don’t hire anyone you are not comfortable with.
Some important questions you can ask before hiring them are:
Do you have any finished work I can see?
Do you guarantee a completion date?
Why should I select you over other Builders? i.e. what is your unique selling point?
Credentials: Obviously, no Builder will tell you he is not good enough, No one will say he cannot deliver your project. However, with good communication, you have a good yardstick in assessing the builder. You need facts from their credentials as concrete evidence. Go the extra mile to see jobs they have done before, find out about the builder and his previous relationship with co-workers. Ensure you are hiring a builder that works in a cordial relationship with his counterparts not the type that turns the construction site to a boxing ring.
Select your builders based on their area of specialisation: Choose someone with experience in the kind of structure you want. A builder who builds Shopping Centers is most likely not ideal for a small Terrace extension. By selecting based on area of specialisation, you get better results.
Ensure that there is a written contact: Contracts are taken for granted especially in Nigeria where we just get builders and commence construction work without signing any documents. This is the reason why most times, there’s usually strife between 'Oga' and the Workers.
A Contract is important to ensure that a certain level of service is maintained. You must adhere to your part and the builder must also stick to his part to avoid conflict.
Both parties must be on the same page for the building project to be a success, hence the need for clear documentation of goals, responsibilities and evidence of commitment. This is to avoid misunderstanding, disrespect, contempt, disarray, waste of money and uncompleted project.A good Builder is key to the success of a construction project. The Builder you select can make or mar your project. They play a major role in determining the duration of the work, its quality and your satisfaction level with the final outcome. Choosing the wrong Builder would successfully frustrate your project which can lead to a delay in the completion of the project, or even its abandonment.
In selecting a builder, there are certain factors to consider and they are discussed below:
Pricing: One must be careful with the issue of pricing because embarking on a building project is a huge undertaking. Make certain that there is a consistency in the cost of labour and the cost of building materials. Carry out research on detailed explanation of prices, quality of building material and labour suitable for the project.
Don’t just delegate your duties to anyone. Try to get involved in their operations from time to time so you don’t get exploited and your hard earned money goes down the drain and into the pockets of your builders.
Communication: “We cannot not communicate” In a building project of any magnitude, You don’t have the luxury of making mere assumptions. You must create room for free flow of communication from the bottom to the top and vice versa. Let the builders know how you feel about their work and what they are up to. Always ask questions. Don’t hire anyone you are not comfortable with.
Some important questions you can ask before hiring them are:
Do you have any finished work I can see?
Do you guarantee a completion date?
Why should I select you over other Builders? i.e. what is your unique selling point?
Credentials: Obviously, no Builder will tell you he is not good enough, No one will say he cannot deliver your project. However, with good communication, you have a good yardstick in assessing the builder. You need facts from their credentials as concrete evidence. Go the extra mile to see jobs they have done before, find out about the builder and his previous relationship with co-workers. Ensure you are hiring a builder that works in a cordial relationship with his counterparts not the type that turns the construction site to a boxing ring.
Select your builders based on their area of specialisation: Choose someone with experience in the kind of structure you want. A builder who builds Shopping Centers is most likely not ideal for a small Terrace extension. By selecting based on area of specialisation, you get better results.
Ensure that there is a written contact: Contracts are taken for granted especially in Nigeria where we just get builders and commence construction work without signing any documents. This is the reason why most times, there’s usually strife between 'Oga' and the Workers.
A Contract is important to ensure that a certain level of service is maintained. You must adhere to your part and the builder must also stick to his part to avoid conflict.
Both parties must be on the same page for the building project to be a success, hence the need for clear documentation of goals, responsibilities and evidence of commitment. This is to avoid misunderstanding, disrespect, contempt, disarray, waste of money and uncompleted project.A good Builder is key to the success of a construction project. The Builder you select can make or mar your project. They play a major role in determining the duration of the work, its quality and your satisfaction level with the final outcome. Choosing the wrong Builder would successfully frustrate your project which can lead to a delay in the completion of the project, or even its abandonment.

IMPORTANT NOTICE!



 The Lagos State Residents Registration Process & Its Benefits


It’s no secret that Nigeria has over 160 million people,and Lagos is teeming with the majority of them. To of course cater for these enormous population is no small feat. Housing is one of the major malaise within the State as many have no roofs over their heads or are living in less than suitable environments.
The decision therefore, to keep track of residents by the Lagos State Government through the Lagos State Residents Registration Agency (LASRRA) is not far-fetched or out-of-place; a bill that was passed on the 27th of June, 2011, for the purpose of providing an exact picture for government policy and planning.

WE NEED TO REGULATE AGENTS IN NIGERIA.


The Lagos State Government enacted a Tenancy Law a while ago. Tenants in the State saw this as a step in the right direction. From all indications, it appears the frenzy has fizzled out and it is business as usual again. This made me to pen an article titled, "is the Lagos Tenancy Law a Paper-Tiger?". Nigeria is no doubt awash with laws, we are no

DON'T LET THIS ONE GET AWAY!!! BUY LAND @ OLOJA ESTATE.


Oloja Estate gives you an instant allocation. Land has been cleared, laid out and ready for allocation and possession.
A plot sells for #525,000 Outright payment Installmental Payment for #720,000, With flexible and affordable payment of #20,000 payable over 36 months.

PROPERTY TIP: HOW TO REDUCE NOISE FROM ROAD TRAFFIC



Noise from road traffic is a negative for most property occupiers and for those living on busy roads this can be a major challenge. Here are some tips to help you reduce the noise that gets into your property from road traffic.
Install Soundproof Doors & Windows: More than 90% of all the exterior noise comes in through your doors and windows. A soundproof window will reduce noise levels by 75-95% by acting as a sound barrier and thereby eliminating your noise problem.
Drapes & Curtains:  Drapes and curtains are mainly used for décor purposes and to keep a house from being visible to people outside your home. However, drapes and curtains can also be used to reduce the noise that gets into your home from road traffic. Simply install thick curtains or drapes - the thicker the material the more absorption of sound and thus a reduction in the noise that gets into your property from outside .
Minimize Open Spaces:  By minimizing open spaces within rooms you can break up the travel pattern of sound waves moving through your property. This can be easily achieved with properties with smaller rooms. If your property is very spacious, you decor has to be selected to incorporated several pieces of furniture to reduce empty spaces.

Finally, if you are building or remodeling your own property and have purchased land on a busy/noisy road, make plans right from inception of the property development process to ensure that the property is designed to minimize the impact of noise. Positioning of door and windows can help you reduce the effects of owning a property on a busy or noisy street.