Why completing abandoned buildings for habitation is dangerous —Experts
Completing abandoned uncompleted buildings for habitation carries major safety and financial implications including structural degradation and high renovation costs. To ensure the buildings are safe for use after their completion, the issue of structural degradation and others must be adequately addresed, according to construction experts.
Experts list obstacles to provision of mass housing
Nigeria is said to have a deficit of about 17 million housing units. Although this staggering figure has been disputed by officials of the Federal Ministry of Lands, Housing and Urban Development and some prominent industry stakeholders, what cannot be controverted is the fact that most of the deficit are in the low -income category. What measures should be adopted to cater for the housing needs of this vulnerable segment of the society?
Propertygate’s boss lists firm’s growth prospects
The Managing Director/CEO of Propertygate Development and Investment Plc, Mr. Adetokunbo Ajayi has identified the competitive edge of the company despite the challenges facing the real estate sub-sector in Nigeria. Speaking at the company’s Annual General Meeting, AGM, Ajayi who listed the key growth factors. He said the company would continue to wax stronger irrespective of the challenges militating against the real estate sector.
FCTA defies court, demolishes N85m property
In spite of a case pending in court, the Federal Capital Territory Administration, FCTA through its Development Control, last week, pulled down a structure owned by a a non-governmental organisation, Sustainable Health Initiative, SHI. The property which is worth N85million was located at Katampe District near Abuja City Centre.
Promoters may renew bid to licence Construction Development Bank
“ If government, for example, redirects the policy on pensions funds towards long-term loanable investable funds, it will create the necessary funds that will be put into this kind of construction bank and it will yield a great effect on the whole nation. There are unclaimed dividends, huge resources. If one trillion Naira only from the pensions fund is used to invest in this long term construction development, it will change the entire country dramatically; just to use it to do our railways reconstruction and roads.
Dubai property index negative first time in four years
Dubai property prices fell in April as a property index in the emirate turned negative for the first time in four years. The residential prices index started declining from the second quarter of last year – in line with the fall in oil and gold prices, according to Reidin, a property information company. The index dropped about 3 per cent in April from the same period last year, Reidin said.
