Connect with us
deals book
Advertisement
Polaris bank
Advertisement
Oando
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Binance
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
Access bank
Advertisement
app

Real Estate

Lagos introduces Dropbox facility for land documentation

The new system was announced by the Permanent Secretary of the Lagos State Lands Bureau.

Published

on

Gas station explosion: Lagos to enforce stiffer measures on operators, blames negligence, Lagos approves 33% increase for all state pensioners, Lagos introduces Dropbox facility for land documentation, China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport , Lagos State Government seeks partnership with insurance operators, Bond Issue: Lagos State Government to raise N100 billion for infrastructural development, Lagos State threatens to shut down Adron, Almond, 103 other estates for lacking approval

To avoid a backlog of land registration applicants this period of the COVID-19 pandemic, the Lagos State Government introduced a dropbox facility at the collection centre of the Land Bureau where applicants can include application and supporting documents in an envelope containing their phone contacts and email address.

READ: Customers laud Glo Cloud on backup of digital files

This new system was announced on the 20th of July, 2020 by the Permanent Secretary of the Lagos State Lands Bureau, Mr Olabode Agoro, at a webinar on: “COVID 19 Disruption and Land Title Administration in Lagos State: Preserving the Business of Real Estate”. He mentioned that:

“Upon submission of the envelope containing the application and supporting documents, a file number is given for tracking the application and a team of dedicated officials at the Bureau would proceed with the processing of the application. The team [will] contact the applicant where documents are outstanding…. The Bureau has [also] limited the number of persons allowed at a time into its customer service centre to use the dropbox.”

READ MORE: NNPC unveils COVID-19 contacts tracing app, marketers to buy petroleum products online

A critical stage during land documentation is the application for the Governor’s Consent at the Land Bureau. This is done to confirm the transfer of ownership of the land. After the Governor’s consent has been obtained, the applicant can pick up the document with proper registration details at the Land Bureau and complete the land registration process with an exchange of contract.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Real Estate

Real estate firms that offer affordable housing in Lagos

A major strategy they use to attract the middle and low-income class of the market is that they have flexible payment plans that suit every lifestyles.

Published

on

Lagos says defaulting allottees of housing schemes in Lekki, Ikeja, others to lose houses, real estate, Proposed NHF Law takes a twist, as top Nigerian experts differ on its impact, Richard Olodu, affordable homes 

It is almost impossible for every potential and existing homeowner to miss the screaming billboards, flyers, sales agents, and other aggressive marketing tools of real estate firms in Lagos.

They usually attract attention by listing how their offerings are better than others, and why their houses are the best for their prospective clients. A major strategy they use to attract the middle and low-income class of the market is their flexible payment plans that suit every lifestyle.

Their target locations are within the Lekki-Epe corridor, Ibeju-Lekki, Magodo, and Badagry, among others.

Let’s take a look at some of the firms and their offerings:

READ: How to earn over 20% returns in real estate in Nigeria


Green Park 

Green Park offers a down payment as low as N500,000 and a monthly instalment of N100,000.

The company, which is the investment arm of Lagos State Government, offers a range of house types from semi-detached, to terrace, three-bedroom, two-bedroom, and studio apartments.

It promises, “Guaranteed 6% mortgage with the National Housing Funds. Bigger rooms and spaces compared to any estate in its category.”

Hotflex

Lekki Garden

Lekki Gardens has a lot of real estate structures such as luxurious apartments, duplexes, detached homes, and commercial centres. The company is keen on maintenance in order to keep up the standards of the estate.

The real estate firm sells a 4-Bedroom terrace duplex for N32 million (asking price) at its Lekki Gardens Estate Phase 3, by Lagos Business School.

Features:

  • Serviced estate
  • Coordinated security
  • Serene environment
  • Good neighbourhood

Houses in the estate are mostly 3-4 bedroom terraces and were initially sold for ₦13.5 million (regular terraces) and ₦14.5 million (corner piece).

READ: World’s richest real estate magnate gains $6.2 billion in 77 days


RevolutionPlus

Its Flourish Residences in Sangotedo are positioned strategically on Monastery Road, directly opposite Lagos State Jubilee Homes. The estate is also surrounded by many other gated estates and has the popular Shoprite mall right on the same road.

While its 3 bedroom luxury flat with maid’s quarters goes for an outright price N28 million, the 4 bedroom semi-detached terrace duplex goes for an outright N40 million.

Jaiz bank

Also, the company’s Royal Haven Garden, Agbowa-Ikorodu, is located close to the approved 4th Mainland Bridge, linking Ikorodu to Lekki/Ajah axis.

Features:

  • 2 Bedroom Bungalow (Carcass)
    Outright Price: N9 million
  • 4 Bedroom Bungalow (Finished)
    Outright Price: 9 million
  • 3 Bedroom Bungalow (Carcass)
    Outright Price: 10.5 million
  • 3 Bedroom Bungalow (Finished)
    Outright Price: 10.5 million

Mixta Africa

Beechwood Park Phase 2 by Mixta Africa is located along the Lekki- Epe expressway and boasts of amenities such as on-site laundromats, recreational centres, easy access to financial institutions, reliable healthcare, good schools, and shopping malls.

The company’s plan 1 expects clients to make an outright payment with a 5% discount on price at N22 million.

In plan 2, which has an 18-month payment plan, clients are expected to make a 20% initial deposit and pay the balance over 18 months. The total cost is N31.69 million (for a 3 bedroom home).

READ: Insecurity: Lagos bans occupation of abandoned properties, buildings, issues ultimatum

Bottomline

The instalment payment plans offered by many of these real estate firms are making homeownership more affordable and accessible, particularly to individuals in the middle class.

app
Continue Reading

Personal Finance

How to earn over 20% returns in real estate in Nigeria

With an open mind, an investment coach, the right network and some optimism, you can maximize profits in the Nigerian real estate sector.

Published

on

Nigeria's real estate, COVID-19 forces tenants to request moratoriums from property owners

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.