Plans by the Lagos authorities to tackle accommodation shortages and its attendant high cost of rent are in the offing, as the government has proposed the construction of more low cost housing estates in the state.
Federal Mortgage Bank of Nigeria is financing the development of 272 housing units in Abuja to the tune of ₦1.83bn under the National Housing Fund scheme, which is designed to provide affordable shelter for Nigerian masses.
Wether or not a financial institution, Access Bank Plc will get her request to take over a choice property, popularly known as All Seasons Plaza, located in the heart of Lagos at Lateef Jakande Road, Agidingbi, Ikeja, is a matter a few weeks to come as Lagos High Court has set October 18, 2011, to deliver a ruling on the matter.
Messrs SC&B Carlton, has embarked on a new project in Surulere area of Lagos Mainland Estate. The proposed estate called SC&B Carlton Estate is a 7,529.512 square metres (sqm) landed property is located at highbrow Census Close, off Babs Animashaun Street, Surulere.
A new synergy that is aimed at increasing maintenance culture within the nation’s construction industry as well as protecting homes from burglary and fire incidences has been formed, courtesy of Portland Paints and Products Nigeria Plc and Mutual Benefits Assurance Plc.
With successful completion of the first phase of land reclamation exercise at the ambitious Eko Atlantic City project, the project promoters have continued to woe investors, the latest visitors are a team of British-based financial and professional service experts led by the Mayor of the City of London, Alderman Michael Bear.
Efforts by a leading estate developing firm, UACN Property Development Company Plc (UPDC) to further reduce the nation’s housing deficit debacle last week received a boost as the Lagos State Government pledged to give all needed support to estate developers, who set to make right investment.
Ibadan Governor Abiola Ajimobi may begin demolition of structures built on waterways in Ibadan metropolis on Tuesday to prevent another destructive rain that meteorologists predicted would fall in Ibadan and Iseyin before the end of the month.
The Lagos State Government has warned allottees of plots in its Lekki Scheme 1 and 2 as well as Abijo GRA Scheme that if they do not pay up their outstanding Capital Development Levies within 60 days from 7th August 2011, it will withdraw their allocation and revoke the Certificate of Occupancy.