Real Estate

Afriland Properties Plc has delivered another year of outstanding financial results, reinforcing its reputation for consistent growth and value creation amid a challenging economic climate. For the financial year ended December 31, 2024, the company recorded a Profit Before Tax (PBT) of N3.7 billion,…

Lagos State Governor, Mr Babajide Sanwo-Olu, on Friday officially launched a land administration portal, e-GIS, as the state government commences electronic registration of lands in the state, saying that the digital registration was part of plans to make Lagos a 21st-century economy. The…

Lagos State government has warned prospective home buyers to beware of fake real estate developers and Unscrupulous house agents in the state, citing linkage of fraud, high demand of percentage cuts linked to developers in the state. The permanent secretary of Ministry of…

The Federal Housing Authority (FHA) has disclosed a plan to demolish 677 houses, while 744 others will be partially demolished over infringement by a developer in Phase 2, Festac Town, Amuwo-Odofin area of Lagos State. FHA’s South-West Zonal Manager, Mr. Akintola Olagbemiro, disclosed this during a…

Construction workers, yesterday, escaped death by whiskers, when the second decking of a two-storey building under construction partially collapsed at 17, Olanrewaju Street, Alausa, Ikeja, Lagos. The collapse happened after the building supporting the base caved in way. The Guardian gathered that the incident occurred at…

Lamash Properties Limited, the developers of Daula Hotel, has announced its intention to sue the Kano State Government, demanding a compensation of N10 billion for the demolition of their properties. In a statement to reporters on Sunday, the company’s director of sales, Aliyu…

The Lagos State Government has demolished 13 buildings in Ajao Estate, close to the Murtala Muhammed International Airport. General Manager of the Lagos State Building Control Agency (LASBCA), Gbolahan Oki, said the buildings were demolished for lacking required approvals, and were cited around…

The Nigerian Institution of Estate Surveyors and Valuers, says the cumbersome procedure in obtaining a Certificate of Occupancy or governors consent has aided land grabbing, racketeering, and other unscrupulous activities affecting the sector. The President of the institute, Johnbull Amayaevbo, who made the…

A two-storey building under construction has collapsed in Ladipo Oluwole Street, Apapa area of Lagos State. “The Lagos State Government Sunday said that a three-floor building under construction that partially collapsed on Ladipo Oluwole Street, Apapa ignored the stop work and seal up…

The Board of Trustees (BOT) of the estate of Madam Efunroye Tinubu has refuted claims that they have changed their Attorney, Lagoon Park Global Resources. Reacting to a statement published in one of the national dailies, the Secretary of the Board of Trustees,…