Overwhelmed by the country’s huge housing deficit estimated to be whopping 17 million units, a new group known as the Society of Real Estate Developers of Nigeria, has emerged to support the government at all levels in tackling this huge housing shortfall.

In the last twenty four months, more than fifteen incidents of collapsed buildings have been reported across the country with high human casualties.

Capital market experts and other stakeholders in the real estate sector have identified reduction in domestic borrowing by the federal government and lower cost of fund as the two most critical factors needed to stimulate growth in the real estate sector and the entire economy.

Built environment professionals who gathered at the just concluded Builders’ Conference/Annual General Meeting of the Lagos state chapter of the Nigerian Institute of Building NIOB, have reiterated the need for professional bodies in the built sector to collaborate for effective delivery of projects in the country.

Following the ongoing national campaign to eliminate lead from paints in Nigeria, environment stakeholders who gathered at the formal release to the  public, the study on lead solvent-based paints for home use in Nigeria under the auspices of International POPs Elimination Network (IPEN), in Lagos weekend by Sustainable Research and Action for Environmental Development (SRADev), an NGO, have called for urgent adoption of a national mandatory policy that will phase out the manufacture and sale of paints containing lead, a major source of childhood lead poisoning along with lead-contained dust.

The Lagos chapter of the Nigerian Institute of Building NIOB, disclosed at the weekend that it has  concluded plans to answer some of the questions troubling the minds of prospective home owners in Lagos as regards processes involved in building construction by embarking on sensitization of Lagos communities about these processes.

The President of Quantity Surveyors Registration Board of Nigeria QSRBN, Mallam Murtala Aliyu, has lamented the menace of corruption in the nation’s construction sub-sector of the economy, saying the trend is responsible for structural failures across the country.

Buildcon Global Services Limited, a Lagos-based renowned real estate development company, has flagged off its new project known as the Pracht Court, located in Ajah in Ibeju/Lekki, Lagos, which offers opportunities to subscribers to own landed property in the Lekki Free Trade Zone (LFTZ), the fast-growing business hub of Lagos State.

Again, the need to make Lagos an ideal and healthy city was reiterated at the weekend at this year’s Walk for Nature organised by the Nigerian Conservation Foundation, NCF, in collaboration with Lagos State Government. The theme for this year was Cleaner Lagos: The Foundation for Sustainable Ecotourism.

NEW Festac Property Development Company Limited, NFPDCL, concessionaire and promoter of the new Festac City known as Festac Phase two comprising 1,126 hectares of land in Egolima District beside 7th Avenue, Festac Phase 1, disclosed, weekend, in Lagos that investors, both foreign and local, are falling over themselves to key into the housing project that is expected to accommodate not less than 350 families, assuring that work has commenced in earnest. 

THE United Nations Deputy Secretary-General, Amina Mohammed, has said that UN-Habitat is failing to deliver sufficiently in cities, and its work in urban areas must be re-invigorated, as the General Assembly recently held a high-level meeting on a new UN approach to the rapidly urbanizing world.

THE call by the Nigerian Conservation Foundation, NCF, for the restoration of Nigeria’s forest cover to at least 25 per cent through the Green Recovery Nigeria, GRN, is beginning to gain momentum and support from both the public and private sectors in the country.

REAL estate experts and stakeholders are set to brainstorm at the sixth edition of Real Estate Unite scheduled to hold between October 23 and 24, 2017 at Eko Hotel, Lagos. The theme of the two-day event organised by 3Invest, is Africa’s Real Estate: What is New?

SUCCOUR has come the way of youths who suffer substance abuse with the commissioning of Enoch & Folu Adeboye Rehabilitation Centre at Araga, Epe, Lagos State last week.

PROSPECTIVE home owners who love to live exclusively close to nature in a serene and secure environment may not have to look too far to realise their ambition of ideal homes, as Lakowe Lakes Golf & Country Estate, an exclusive 308-hectare residential golf estate located along Ibeju-Lekki corridors, has brought nature and luxury to community lifestyle.