Wednesday September 2nd, 2015
Wednesday September 2nd, 2015

You are here : Home » Homes & Property

Homes & Property

Latest

Computer Village traders sign pact with developers of Heartland Gateway market

  /   in Homes & Property, News 12:35 am   /   Comments

One of the busy streets in  the Computer Village Ikeja, Lagos

The construction of the multi-billion Naira Heartland Gateway International Market at Mgbidi, Oru East Local Government Area of Imo State, received a major boost last week when traders at the popular Computer Village, Ikeja Lagos signed an Off-Take Agreement for the purchase of 2,500 lock-up shops in the market with Messrs Graceland Channels Limited, the concessionaire and developers of the market.

Read More →
Latest

Amuwo-Odofin community decries Chinese firm’s degradation of environment

  /   in Homes & Property, News   /   Comments

Ambode

Members of Amowo-Odofin Industrial scheme in Amuwo-Odofin Local Government Area, Lagos, have decried the activities of a Chinese company, Hongxing Steel Nig. Ltd, which is in the business of melting of iron scraps into steel products within the industrial layout, which is causing environmental nuisance in the industrial area.

Read More →
Latest

Kogi partners UN-Habitat to restructure state’s major cities

  /   in Homes & Property, News   /   Comments

*Gov. Wada

Kogi State Government says its partnership with UN-Habitat towards restructuring four of its cities for urbanisation is a bold step geared towards laying a foundation for sustainable development for the State.

Read More →
Latest

Mortgage regime, a siamese twin to any govt devt agenda — Adediji

  /   in Homes & Property 5:12 pm   /   Comments

Esta pix

In this concluding part, the Osun State -born Group Executive Chairman of Bode Adediji Partnership and Kontinetal Developers (Nig) Ltd describes the ‘cash and carry’ syndrome in property transactions as a breeder of corruption.

Read More →
Latest

DG seeks full implementation of National Water Resources manual

  /   in Homes & Property   /   Comments

Dam

The Executive Director, National Water Resources Institute, Kaduna, Dr. Emmanuel Adanu, has advocated full implementation of the National Water Resources Capacity Building Network (NWRCBNet) Operational Manual.

Read More →
Latest

Family alleges violation of court order by Lagos land agencies

  /   in Homes & Property   /   Comments

LASURA pix

Lagos State Urban and Renewal Agency, LASURA and the State Building Control Agency, LASBCA have been accused of erecting structures on a disputed property located at plot 49 Martins Street, Lagos in spite of a court order restraining parties from doing anything that will jeopardise the case in court.

Read More →
Latest

Investment Houses unsettled by inflation report

  /   in Homes & Property, News 12:35 am   /   Comments

Model of a house in Maccido Royal Estate, Abuja

By Emeka Anaeto, Economy Editor Last week’s inflation report by the National Bureau of Statistics (NBS) appeared to have unsettled several investment houses giving the impression that the rate should have been higher than what was reported. NBS monthly inflation report had shown that the seven month steady rise in headline inflation, measured by the

Read More →
Latest

Nigeria loses N10.5b annually to environmental challenges

  /   in Homes & Property 12:57 am   /   Comments

Nigeria loses about N10.5 billion annually to environmental challenges such as deforestation, drought and desertification, the Director General, National Agency for the Great Green Wall Program, Goni Ahmed has said.

Read More →
Latest

Developer partners foreign firm to build ‘cheaper’ modular houses

  /   in Homes & Property   /   Comments

Modular pix

AS Nigeria continues the search for alternative building solutions to bridge the nation’s widening housing gap, Messrs Alpha Mead Development Company, AMDC, has introduced a modular building system aimed at lowering the entry level for middle income home buyers in Nigeria.

Read More →
Latest

Falana seeks prosecution of ‘sharp players’ in building construction

  /   in Homes & Property 8:54 pm   /   Comments

Falana

AGAINST the backdrop of recurring incidents of collapsed buildings in the country, a front line lawyer and human rights activist, Mr Femi Falana has challenged built environment professionals to fish out those who cut corners in building constructions and in the process erect buildings that are dangerous for human habitation.

Read More →
Latest

Ex-banker sues Lagos lawmaker for trespass of Magodo property

  /   in Homes & Property, News   /   Comments

COURTnew

A retired banker, Mr. Mathias Chuma Muomah has dragged a member of the Lagos State House of Assembly, Mr. Bayo Osinowo popularly known as Pepper to the Lagos High Court, Ikeja for alleged trespass of his property situated at No 66 Adekunle Banjo Avenue, Off CMD Road, Shangisha.
Joined as defendants in the suit documented as ID/1154LMW/15, are Mr. Alaba Osunaike also known as Saipon, the Attorney -General of Lagos State and persons unknown.

Read More →
Latest

How to obtain loan from NHF scheme

  /   in Homes & Property, News   /   Comments

Vintage-eSTATE

The National Housing Fund (NHF) scheme was established by Act 3 of 1992 to enable Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans to own houses. But what are the criteria needed and the procedures required in order to be able to secure loans under the scheme?

Read More →
Latest

Land reforms, key to success of Buhari’s effort to revamp economy – Adediji

  /   in Homes & Property, News 2:12 am   /   Comments

Mr. Bode Adediji

That is not even a bad reflection because in all fairness, members of these allied professions -architects, quantity surveyors and engineers have what it takes by training and experience to actually play important roles in project management. But the reason why estate surveyors and valuers have been involved from day one is because, in the construction process, you don’t really allow or encourage a single professional to take on much responsibility in a given project without experiencing conflicts.

Read More →
Latest

Entrepreneur drags Lagos to court over Lekki land

  /   in Homes & Property, News   /   Comments

Akinwunmi Ambode

“Assuming but without conceding that the notices issued by the Defendants have been validly issued, a declaration that the portion of land opposite the Claimant’s plot (Plot 8, Block 138, Lekki Peninsula Residential Scheme 1, Lagos State) does not constitute Block 139, Lekki Scheme 1, Lagos State, but is a NEPA Reservation as provided under the Operative Development Plan in Plan No. LS/D/LA 516b forming part of the Claimant’s Certificate of Occupancy dated June 14, 1998 by virtue of the deed of assignment dated March 20, 2005″.

Read More →
Latest

Falana seeks prosecution of ‘sharp players’ in building construction

  /   in Homes & Property, News   /   Comments

Femi Falana, SAN

Falana who spoke at the 7th Annual Distinguished Lecture organised by the Lagos branch of the Nigerian Institute of Quantity Surveyors, NIQS in Lagos stated that instead of sanctions, such culprits should be made to face the full weight of the law. Speaking on “Leadership, Socio-Economic Impasse and Shortage of Infrastructural Development in Nigeria”, Falana charged quantity surveyors to “take control and rid yourselves of quacks who destroy the integrity of your profession before members of the public”.

Read More →
Latest

Lagos still predominantly rural — NIESV chairman

  /   in Homes & Property 12:50 am   /   Comments

boundary-bw-Lagos-and-Ogun

I see Lagos State, the Centre of Excellence and commercial nerve centre of Nigeria as mostly a rural area”. You may find it difficult to fathom this assertion, but it was made by a respected land professional – the new Chairman of the Lagos State branch of the Nigerian Institution of Estate Surveyors and Valuers, NIESV, Offiong Samuel Ukpong.

Read More →
Latest

Whither 2nd Niger bridge ..as contractors abandon site

  /   in Homes & Property   /   Comments

Onitsha-bridge1

IS the construction of a second bridge across the River Niger at Onitsha jinked? For how long will the Federal Government and other stakeholders continue to play politics with this all-important bridge considering the fact that the old bridge built over 50 years ago is now in a distressed condition? These posers were raised by distraught Nigerians who reacted to the alleged abandonment of work on the bridge by the contractors.

Read More →
Latest

Home Lottery presents second house to winner

  /   in Homes & Property, News 10:37 pm   /   Comments

L-R: Managing Director, Home Lottery Limited , Kelvin Otung, presenting the 2nd home wnner, Godwin Oji , while Pius Agbo, a relative of the winner looks on in the on-going Home Lottery Promo,   at  Gold Estate,  Ishefun  Road,  Ayobo,  Lagos  recently.

I used to tell my madam and colleagues in the office that I have won a house in the lottery promo being organised by Home Lottery but they would not believe me, but now that the house and the keys have been presented to me, I now believed that the lottery scheme is true”.

Read More →
Latest

Construction industry marks time, waiting for Buhari

  /   in Homes & Property 1:00 am   /   Comments

Road-construction

The triple combination of the inability of the Federal Government to roll out its economic policies, huge debt owed contractors and the advent of the rainy season, have brought activities in the nation’s construction industry to a near standstill.

Read More →
Latest

11 states at risk of flooding, NHSA report reveals

  /   in Homes & Property   /   Comments

File: Flood-at-Agbado-Crossing-Ogun-

No fewer that 11 states in Nigeria are at risk of flooding, according to the Nigerian Hydrological Agency, NHSA. The Agency which unveiled its 2015 Annual Flood Outlook has therefore advised the concerned states to come up with effective mitigation strategies, capable of preventing flooding within their territories.

Read More →
Latest

REDAN demands new housing policy to cater for ‘common’ people

  /   in Homes & Property   /   Comments

housing

THE National President, Real Estate Developers Association of Nigeria, REDAN, Rev. Ugochuckwu Chime has appealed to President Muhammadu Buhari to develop a new housing policy which will enable the common people, (the Talakawas) who voted him into power to have their own houses.

Read More →
Latest

Benefits of investing in real estate

  /   in Homes & Property, News 12:22 am   /   Comments

A highbrow house in Abuja

We have heard of stock market crashes and banks going bankrupt. Although real estate values often fall, it is not usually a very bad situation. In fact, even when property values fall, you would still earn rent income from the property. On the other hand, real estate is physical and tangible compared to stocks, bonds and many other intangible forms of investment. Both in times of high inflation, economic boom and bust, real estate investments remain robust and will most likely continue to earn you income. Very few other investment options can do the same.

Read More →
Latest

Don’t appoint retired judges, lawyers into arbitration panels – El-Rufai

  /   in Homes & Property, News 12:44 am   /   Comments

Elrufai-innaugural

The Kaduna StateGovernor, Mallam Nasir el-Rufai has warned the Quantity Surveyors Registration Board of Nigeria, QSRBN not to appoint retired judges and lawyers into its Arbitration panel. el-Rufai who gave the warning at the just concluded 5th Building and Construction Economic Roundtable in Abuja, noted that this is he only way to avoid prolonging proceedings unnecessarily.

Read More →
Latest

Experts explore arbitration as alternative dispute resolution in construction industry

  /   in Homes & Property, News   /   Comments

Road-construction

Against the backdrop of several litigations which hamper the speedy execution of construction contracts in Nigeria, built environment last week, canvassed the use of arbitration as an alternative means of resolving disputes in the construction industry. The experts who brainstormed at the 5th Building & Construction Economic Round Table, BCERT 5, organised by the Quantity Surveyors Registration Board of Nigeria, QSRBN in Abuja, made a strong case for arbitration as an alternative dispute resolution because it provides for technical matters to be handled by those with the requisite technical knowledge of the subject matter of the dispute.

Read More →
Latest

Tree planting: vehicle to drive environmental protection — Stakeholders

  /   in Homes & Property, News 12:47 am   /   Comments

forest

“This has made us focus on three priority areas which are; minimise carbon footprint, carbon offsetting, conservation and preservation of wildlife and biodiversity,” he said. He explained that FirsBank’s partnership with the NCF is strategic because NCF’s leadership role in promoting environmental conservation and sustainable development in Nigeria which ties in with the bank’s desire to see the environment sustained because it is a socially responsible entity.

Read More →
Latest

FMBN out with measures to encourage home ownership

  /   in Homes & Property, News   /   Comments

Essential-Homes-pix

In a bid to encourage increased access to the National Housing Fund, NHF, the Managing Director of Federal Mortgage Bank of Nigeria FMBN, Alhaji Gimba Ya’u Kumo has unveiled an initiative to better lots of existing and prospective house owners. The initiative christened FMBN Home Renovation Loan, FHRL is part of deliberate measures put together by the bank not only to increase the housing stock, but also to assist individuals who need funds to renovate their homes.

Read More →
Latest

N9.2bn cook stoves project pitches Environment Ministry against contractor

  /   in Homes & Property, News   /   Comments

Cooking Gas

The festering controversy trailing N9.2 billion cook stoves programme has taken a twist as the contractor, Messrs Integral Renewable Energy Service Limited, has dragged the Federal Ministry of Environment to court. Vanguard Homes & Property learnt that the contractor has already secured an ex-parte injunction to stop the revocation of the contract.

Read More →
Latest

NITP president calls for enforcement of EIA Act

  /   in Homes & Property, News   /   Comments

Considering that the EIA Act has been in active enforcement for well over two decades now, the time is apt for its review, especially now that global environmental issues are undergoing paradigm shifts in several cross sectoral areas like population and development, climate change and gender issues,”

Read More →
Latest

Lead Capital canvasses banking reforms to grow real estate market

  /   in Homes & Property, News 8:30 pm   /   Comments

Model of a house in Maccido Royal Estate, Abuja

“Opportunities in the real estate financing can be seen from the increasing population growth, rapid urbanisation and the growth of the middle class have spurred demand for real estate with the level of housing at only 2 dwelling units per thousand people compared to a rate of 8-10 dwelling units per thousand people as recommended by the United Nations. Nigeria has a population growth rate of 3 percent and a rural-urban migration rate of 5 per cent per annum. The rate of housing demand continues to exceed supply, presenting ample opportunities for growth and development”.

Read More →
Latest

Akintunde urges FM practitioners to sustain growth in real estate sector

  /   in Homes & Property, News 12:26 am   /   Comments

A real estate development... FM experts charged to sustain the growth of such investments

“Going by this revelation however, for Nigeria to meet its vision 2020 20, a lot still needs to be done in the areas of improved public infrastructure to drive the required positive change in the real estate and facilities management sub-sectors and the general living condition of the average Nigerian,”

Read More →
Latest

FG commences validation of reviewed EIA Act 1992

  /   in Homes & Property, News   /   Comments

Energy

“Environmental Impact Assessment is a tool for sustainable development. The primary purpose of the EIA is to ensure that environmental concerns are incorporated into any project planning, design and decision making. A successful updating of the Act will not only update the document to current realities but will serve as the beginning of better EIA administration where both the regulators and the regulated will have a clearer up and up to date document to work with,”

Read More →
Latest

Nigeria understands only breakdown maintenance – IFMA

  /   in Homes & Property, News   /   Comments

Nigeria's infrastructures

“I tend to a little bit disagree that Nigerians lack a maintenance culture, the reasons why we are unable to maintain our infrastructure, not even from government alone but even private is because from the word go, we get it all wrong. The kind of maintenance we know in Nigeria is breakdown maintenance, until it fails you don’t care whether it needs service or not,

Read More →