Friday , 28 March 2014
3INVESTONLINE – One inevitable term at any real estate gathering in Nigeria these days is “Green Building” or “Smart Buildings”, depending on how obfuscating the speaker intends to sound. A number of real estate developers and marketers are also always in a hurry to slam the term on customers’ faces. My interest today is not to define what is “green”.... Read more »
Globally, the outgoing year was, indeed, a defining moment for the property market with many regions of the world, notably Africa, Asia, Europe, United Arab Emirate (UAE), etc, recording significant recovery and growth across various segments of the market. In Africa, particularly in sub-Saharan Africa including Nigeria, Ghana, Sierra Leone, Cote d’Ivoire, among others, 2013 saw continued growth driven by demographics,... Read more »
Arguably, 2013 could be regarded as a good year for Nigeria’s Real Estate Industry. The successes were not those worth a tea party, but the stories definitely are worth telling. While some analysts observed that the industry nose-dived to some extent in 2013, none disagreed that the market remains one of the safest havens for investments in 2014. One of... Read more »
Among prospective homeowners and real estate investors, expectation is high that access to housing finance would increase significantly in 2014 as the primary mortgage banks (PMBs) conclude their recapitalisation today and the Nigerian Mortgage Refinance Company (NMRC) commences operation in a couple of months from now. The Nigerian mortgage market is enmeshed in a deficit that analysts estimate to be... Read more »
C of O Procedures and Requirements WORK FLOW FOR STATE LAND CERTIFICATE OF OCCUPANCY Applicant purchases and submits application pack to LUAC and collects acknowledgement slip. Day Applicant collects letter of offer of allocation Applicant pays for allocated land (within 90 days). Applicant issued with letter of confirmation with plot and block number. (Full payments must be made before Plots & Blocks... Read more »
List of Revenue and Rates TYPES OF REVENUE COLLECTED AT MINISTRY OF LANDS A. LAND REGISTRY S/N PRODUCT PRICE N 1. SEARCH 3,750.00 2. CERTIFIED TRUE COPY 5,625.00 3. SURVEY PLAN FOR C.T.C OF DEED TITLE COMPOSITE PLAN 1,875.00 5,625.00 37,500.00 4 WITHDRAWAL OF CAUTION 13,125.00 5. COURT ORDER 15,000.00 6. COURT JUDGEMENT 15,000.00 7. DEED OF RECTIIFICATION 18,750.00 8. MEMORANDUM... Read more »
RULES AND REGULATIONS OF REAL ESTATE TRANSACTIONS A Registered Agent transacting business in Lagos State shall have ascertained business premises or office within the State. A Registered Agent shall maintain a record of his or her business transactions and shall open a separate client account for that purpose. A Registered Agent shall ensure that a prospective tenant or purchaser takes... Read more »
The launch of the Nigeria Mortgage Refinance Company (NMRC), which was due for Thursday 12 December, 2013, was deferred because of the unavoidable absence of the President. President Goodluck Ebele Jonathan (GCFR) joined other world leaders to pay tribute to the former President ofSouth Africa, Nelson Mandela. 3INVESTONLINE is working closely with the organisers and promises to update of the... Read more »
Nigeria is the second largest economy in Sub-Saharan Africa (SSA), with its private equity (PE) sector accounting for about 10% of the region’s PE capital. The target sectors for most Private Equity Funds (PEFs/funds) include telecommunications, information and communications technology, mining, real estate and construction, oil and gas, financial services, media and entertainment, shipping, food and agro-allied products etc. Opportunities... Read more »
3INVESTONLINE – With the Completion of Metro Garden Lekki, Cameron Green Ikoyi, Metro City Abuja, a Successful REIT, launch of Festival Mall, Real Estate Unite Developer of the year and Real Estate Person of the year, Mr Ogunniran is 3Investonline’s Man of the year. Mr. Hakeem Bamidele Ogunniran has been Managing Director of UACN Property Development Company Plc. He is... Read more »