The Nigerian Institute of Architects (NIA) and Architect Registration Council of Nigeria (ARCON) have called on Abia Government to investigate the causes of collapsed buildings in the state. The Abia Chapters of NIA and ARCON jointly made the call in Aba, during their fact-finding mission to the sites of recent collapsed buildings in the state […] …
Building & Properties
‘Real estate funds panacea for housing shortage’
ONLY real estate funds can address housing shortage in the real estate sector, a report has said. FSDH Merchant Bank stated this in its report titled: ‘’Real estate fund — Investment vehicle to address housing shortage in Nigeria’’, undertaken by its research arm, FSDH Research. The report observed that there was a significant shortage of […] …
How technology can help real estate recovery
Last year, the real estate industry witnessed a downturn due to several factors ranging from government macro economic policies to over-supply in commercial, retail as well as inappropriate supply in the residential sub-sector. The development also impacted negatively on the sector’s contribution to the Gross Domestic Product (GDP). The latest GDP figure shows a negative […] …
Developer urges govt on housing policies
Real Estate Developers Association of Nigeria (REDAN), Federal Capital Territory (FCT) chapter Chairman, Mr. Andrew Elerewe, has urged the winner of the presidential election to come up with sustainable and implementable housing policies. In a statement made available to The Nation he said investors in the sector want the government to evolve realistic housing policies […] …
Motorists, OPS lament return of trucks to Lagos roads
Lagosians thought the end had come to the traffic gridlock on its major roads with the visit of President Muhammadu Buhari two week ago on a campaign tour. But like a flash in the pan, the traffic nightmare has since returned. Their joy and relief was short-lived as these tankers have returned to the roads, […] …
‘Maintenance will increase demand for building materials’
Demand for the supply of building materials such as wood, pipes, paint, tiles, electrical fittings, windows and tools is set to rise following the recent approval of National Maintenance Framework for public buildings by Federal Executive Council (FEC). Minister of Power, Works and Housing, Babatunde Fashola, who spoke on the importance of the approval , […] …
$165m Blue Water Estate berths in Lagos
A Real estate firm Elalan Group and a leading pan-African investment firm with investments worth over $1 billion, African Capital Alliance, have formed a partnership to deliver top-notch contemporary apartments in Lekki, Lagos. Located in the heart of Lekki Phase 1, Blue Water Lagos offers easy access to Victoria Island, Ikoyi District, Banana Island and […] …
Firm to provide one million houses
An investment firm, Lifepage Group, is to build one million houses by 2041, translating to 40,000 houses yearly. Its Chief Executive Officer, Mr. Oladipupo Clement, explained that the initiative would take care of the supply and demand of the market. According to him, the programme, to be launched in the second quarter, will be the […] …
‘Avoid demolishing houses’
A non-gOVERNAMENTAL Organisation (NGO) Nigeria Slum/Informal Settlements Federation and some civil society groups have urged politicians to provide shelter for the electorate instead of demolishing their houses. At a conference in Lagos,the founder, Rethinking Cities, Deji Akinpelu, said people were sceptical on who to vote for, beacuse politicians always demolish houses after election. He said […] …
New adhesive stamp vital to surveying, say valuers
Key stakeholders played a key role in the new stamp unveiled to enhance professionalism in the sector, the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) Sir Nweke Umezurike has said. He said the measures were geared towards catching up with the global trend. He recalled the excitement that greeted the introduction of adhesive […] …