Sunday May 24th, 2015
Sunday May 24th, 2015
Latest

PenCom set to issue guidelines on mortgage financing

  /   in Homes & Property, News 12:46 am   /   Comments

File Photo: Aged Pensioners waiting for their entitlement

“The most important thing is the allowances of the utilisation of the retirement savings balance for the provision of a primary home. For the first time, you are now able, as a contributor, to utilise part of your balance to secure your own primary home in accordance with the guidelines to be issued by the commission.

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Lagos unveils plan to rebuild Makoko

  /   in Homes & Property, News   /   Comments

makokohouse

“As a result of this, a lot of unplanned settlements and encroachments on both land and water by these immigrants have become a burden. The houses built on the Lagos lagoon overtime in the Makoko area continued unabated and soon became worrisome due to the speedy and fast encroachment on this waterway and further extension towards the PHCN high tension cable on the lagoon. Consequently, the ministry found it expedient to undertake a study of this development and tagged it ‘Houses on Water’,”

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Cornerstone partners foreign investors, expands operations

  /   in Homes & Property, News 12:20 am   /   Comments

A Housing Estates in Lagos

Cornerstone Real Estate Limited has taken its operations beyond the shores of Nigeria. The Lagos-based real estate development company said it is now in a position to buy, sell, lease or manage properties for Nigerians seeking such services in any part of the United States of America. The Chairman of the company, Mr. Lanre Okupe disclosed this last week at the investors tour of Cornerstone’s Oregun Housing Scheme located in Ikeja.

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$19bn e-waste illegally traded annually — UNEP

  /   in Homes & Property, News   /   Comments

waste-pix

Up to 90 per cent of the world’s electronic waste, worth nearly US $19 billion, is illegally traded or dumped each year, according to a report released last week by the United Nations Environment Programme, UNEP. Each year, the electronic industry – one of the world’s largest and fastest growing – generates up to 41 million tonnes of e-waste from goods such as computers and smart phones. Forecasts say that figure may reach 50 million tonnes already by 2017.

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Nigeria, 4 others selected as pilot countries for UN-Habitat’s award

  /   in Homes & Property, News   /   Comments

nigeria3

Nigeria, Cambodia, China, Tanzania and Thailand have been selected as pilot countries for the UN-Habitat and the International Ecological Safety Collaboration Organisation , IESCO Youth Innovation awards programme. The biennial youth award is being supported by China Development Orient Urban Development and Investment Company Limited , “CDB-ORIENT”, a major private sector organisation in China.

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Why dry construction remains the best — Nigerite

  /   in Homes & Property, News   /   Comments

Road-construction

An architect with Nigerite, Mr Jesse Onovre, has given reasons why the company is championing the cause of dry construction as an alternative to the conventional building method known as wet construction. He explained that the new building technology would demystify the age-long belief that dry construction is not viable. Onovre made this disclosure at the just concluded Lagos Architects’ Forum.

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Barriers to professional devt, by experts

  /   in Homes & Property, News   /   Comments

Murtala-Aliyu,-NIQS-President

Corruption and individualism have been identified as the major barriers to professional development. This identification was made by participants at a three-day national workshop with the theme “The Professional as an Entrepreneur,” organised by the Nigerian Institute of Quantity Surveyors, NIQS in Kano.Corruption, the experts said, lays more emphasis on ‘know-who’ rather than on ‘know-how’ and has led to breach of all known principles of fair play and mediocrity superseding meritocracy.

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West Africa, most attractive destination for infrastructure investors — PwC report

  /   in Homes & Property, News   /   Comments

Idiroko-Market

Multinational professional services network, Messrs PricewaterhouseCoopers Limited, PwC has singled out West Africa as one of the most attractive destinations for investors in infrastructure. The region’s growing population and its wealth of natural resources were described as the foundation for sustainable economic growth. This declaration was made by Ian Aruofor, PwC CP&I West Market leader at a media parley used by PwC to present its 2014 report titled: “Capital Projects & Infrastructure in East Africa, Southern Africa and West Africa: Trends, Challenges and Future Outlook”.

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FM expert wants incoming govt to tackle infrastructure decay

  /   in Homes & Property, News   /   Comments

Buhari

General Muhammadu Buhari (retd) should put infrastructure development and maintenance on the front burner of his administration’s agenda. The call was made by the Managing Director/CEO of Alpha Mead Facilities & Management Services Limited, a.k.a. AMFacilities, Mr Femi Akintunde. Akintunde an engineer, spoke at a press briefing to formally announce the hosting of the 2015 edition of the Nigerian Facilities Management Roundtable.

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Lagos warns residents against encroachment of wetlands

  /   in Homes & Property, News 12:06 am   /   Comments

Fashola

The Lagos state government has decried the encroachment of its wetlands by residents of the metropolis. The government said such encroachments frustrate its efforts to conserve the green areas. The State Commissioner for Environment, Mr. Tunji Bello who spoke at the 2015 ministerial press briefing to mark the eighth year in office of Governor Babatunde Fashola, said the government is committed to the preservation of its wetlands because they help to prevent flooding.

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FG tasks estate developers on maintenance of standards

  /   in Homes & Property, News   /   Comments

FG-ok

The Minister of Lands, Housing and Urban Development, Dr. Akon Eyakenyi, has called on the newly elected executive members of the Real Estate Developers Association of Nigeria (REDAN) to ensure that stakeholders in the sector maintain quality in pursuit of affordable housing for Nigerians. This, the Minister added, would further curtail incidents of collapsed buildings in the nation. She stated this when the Association led by its President, Rev. Ugochukwu Chime, visited her in her office in Abuja at the weekend.

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Group introduces precast concrete technology to Nigeria’s construction sector

  /   in Homes & Property, News   /   Comments

Road-construction

A precast concrete technology described as fast-pace building system has been introduced into Nigeria’s construction industry as an initiative aimed at bridging the ever increasing housing deficit in the country. The automated precast concrete technology which is known globally for speedy housing construction, was presented by CTSR Group, a Nigerian company with franchise from Broad Homes Industrial International Co. Ltd, the promoters of the technology at the just concluded Lagos Architects’ Forum tagged LAGOS 6.0. The group is a subsidiary of Broad Homes Industrial International Co. Ltd.

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UPDC flags off construction of N5bn ‘home by the sea’

  /   in Homes & Property, News   /   Comments

Cornerstone-homes

Messrs UACN Property Development Company, UPDC PLC, last week, added to his rich property portfolio when it flagged off the construction of a N5 billion premium estate described as “a home by the sea” in the highbrow Lekki Peninsula in Lagos. Named James Pinnock Place, after one of the progenitors of UPDC, the estate which would be sited on three hectares of land, is the third phase of Pinnock Beach Estate development. The entire Pinnock Beach Estate scheme occupies 84.11 hectares of land in the Lekki axis.

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Owning a house under Lagos mortgage scheme

  /   in Homes & Property, News 12:40 am   /   Comments

Housing

All over the world, the ability to own a home without financial assistance is beyond the ability of most people. Mortgage schemes have evolved with the purpose of providing financial support to prospective home owners, providing a loan facility to secure a property and pay the outstanding amount (the principal) back over time, typically with interest on the loan.

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NMRC set to refinance N10bn mortgages

  /   in Homes & Property, News   /   Comments

Mortgage

In line with its mandate of bringing liquidity into the mortgage market, the Nigeria Mortgage Refinance Company (NMRC) has concluded plans to refinance N10 billion mortgages in the market this month. Prof. Charles Inyangete, CEO, NMRC, disclosed this at a Public Awareness and Capacity Building Workshop organised by the company in Lagos.

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Why Nigerians shun mortgage schemes

  /   in Homes & Property, News   /   Comments

Functional houses in Abuja developed by the Fuller Center for Housing, an NGO that seeks to eradicate poverty housing by promoting partnerships with individuals and community groups to build and rehabilitate homes for people in need

The inability of prospective homeowners to readily come up with the required equity contribution on mortgages has been identified as one of the factors slowing down the process of mortgage origination in Nigeria, Financial Vanguard investigation has revealed. It also partly explains the nation’s huge housing deficit of more than 17 million homes.

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Real estate experts canvass for housing subsidy, liberal access to land

  /   in Homes & Property, News 3:18 am   /   Comments

housing

Real estate stakeholders have advised the President-elect, Maj-Gen. Muhammadu Buhari to get a competent team that will hit the ground running, and as well as channel efforts towards addressing the housing deficit in Nigeria. They noted that by building 500 houses in each of the 36 States, the incoming Buhari administration can create over one million jobs in Nigeria.

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Lagos property: Court orders parties to maintain peace

  /   in Homes & Property, News   /   Comments

*Court

An Ikeja High Court presided over by Justice A. Akinkugbe has ordered parties in the ongoing dispute over a property located at Ikeja to maintain peace pending the determination of the suit before the court.

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Stakeholders want Lagos to commit to GHG emission reduction

  /   in Homes & Property   /   Comments

Participants at the just concluded 7th Lagos State Summit on Climate Change have advised the state government to continue to invest in climate change in order to promote environmental sustainability and assured future for human existence in Lagos.

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Firm restates commitment to build 10,000 ‘lease to own’ houses

  /   in Homes & Property, News 12:10 am   /   Comments

Housing-a

First World Communities Limited, a Lagos-based real estate firm that champions the delivery of affordable homes to low and medium-income groups in the country has reiterated its commitment to its primary mandate of delivering affordable homes to Nigerians.

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Housing microfinance: Panacea for Nigeria’s housing deficit

  /   in Homes & Property 12:15 am   /   Comments

A Housing Estates in Lagos

Housing microfinance, otherwise known as microfinance for housing or incremental financing, is regarded as the application of a microfinance based approach to housing finance. While the concept ‘housing microfinance’ is relatively new in development circles, the practice is not. Access to housing and access to housing finance by low income earners is a critical development issue facing most countries around the globe. Many households in Africa are unable to access mortgage finance either because it does not exist or because it is inaccessible.

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Nations seeking funds inflow must take care of infrastructure — Ajanlekoko

  /   in Homes & Property 12:35 am   /   Comments

CASLE-pix

Mr. Joseph Olusegun Ajanlekoko is the new President of the Commonwealth Association of Surveying and Land Economy, CASLE.

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Pinnock Beach Estate redefines luxury in Lekki’s waterfront

  /   in Homes & Property   /   Comments

pinnock-pix

The James Pinnock Place, Lekki, Lagos offers an exceptional lifestyle living and doubles as an excellent investment opportunity as the Lekki axis continues its phenomenal development.

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Why 4th Mainland Bridge has to be redesigned by LASG

  /   in Homes & Property 9:09 pm   /   Comments

Fashola

Lagos State Government last week gave the reason for altering the design of the much awaited Fourth Mainland Bridge along the Lekki Peninsula. According to the government, the redesign of the bridge component of the 23 kilometres road project became imperative because of the challenges the original design posed for it (government). The bridge itself is about four kilometres.

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Lagos takes stock, prepares for the future

  /   in Homes & Property 12:48 am   /   Comments

fashola-and-bar beach-recla

“In Lagos, we have continued to landscape and beautify hitherto open spaces and loops that were then hideouts for miscreants.

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Experts seek land reforms to make housing provision less cumbersome

  /   in Homes & Property   /   Comments

A Housing Estates in Lagos

Barely 45 days to the inauguration of Major-General Muhammadu Buhari (retd) as Nigeria’s next President, built environment experts have called on the incoming administration to give urgent attention to the provision of infrastructure and housing development.

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Le’ Venue Property repositions to take over real estate industry

  /   in Homes & Property   /   Comments

sylva-house-1

As part of its effort to take over the real estate industry in Nigeria, Le’ Venue Property Development Company Limited, a real estate development and construction firm has completed the registration of contractors, appointed a marketing company and a PR Firm to drive publicity for its numerous real estate developments across Nigeria.

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Firm completes interior design of One Africa Media

  /   in Homes & Property   /   Comments

bedroom

Managing Director, Eezyoffice.com, Mrs. Nwamaka Okoye who disclosed this, said the One Africa Media office project which has been variously described by professionals as refreshing and ingenious was a defining moment in the company’s operations. “When One Africa Media came to us and asked if we could design an aesthetic open space office for their staff of mostly young people in their 20s, we knew we had to come up with something vibrant and authentic.

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Houston EB-5 offers investment opportunity in real estate in US

  /   in Homes & Property   /   Comments

The White House

3INVEST, a real estate development advocacy firm has struck a partnership deal with Houston EB-5 in order to raise capital for Marlowe in the Houston area of Texas. Houston EB5 is a real estate investment company offering potential investors, the opportunity of investing in real estate development in Houston Texas.

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WaterAid launches campaign on dangers of lack of safe water, sanitation

  /   in Homes & Property 12:56 am   /   Comments

Bauchi-water

WATERAID has launched its new four-year “Healthy Start” campaign showing the devastating impact that a lack of safe water and sanitation has on the health of children in developing countries. The launch which was part of activities to mark the 2015 World Water Day, shows that annually, nearly half a million babies die in the first month of life because they are born into unhygienic conditions and one in five deaths of newborn babies in the developing world are caused by infections strongly linked to dirty water or unhygienic conditions.

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Magodo landlords seek S’Court’s intervention to repossess 549 plots

  /   in Homes & Property   /   Comments

*Court

Apparently determined to get back their land despite the many challenges confronting the execution of a Supreme Court judgement which ordered the release of 549 plots of landed property in Shangisha-Magodo Town Scheme II in Ikosi-Ketu Local Council Development Area, LCDA in Lagos State, the original owners of the property have begun a new move to repossess their land.

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African leaders plan to take common position at Habitat 111

  /   in Homes & Property   /   Comments

Africa

Africa will take a common position on the Third United Nations Conference on Housing and Sustainable Urban Development, (Habitat III) slated to hold in Quito, Ecuador in October 2016.

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