Free Land for Developers in Lagos

Housing, one of the most important needs of man is on a major problem in Lagos and Nigeria as a whole as affordable housing is on the decline and a great number of its citizens leave in squalor settlements and make shift abodes as a result.

The price of rental accommodation is so high that a whole majority resort to squatting with friends and families...this is a rampant occurrence in Abuja, the Federal Capital!

The government of Lagos State, headed by Governor Fashola has however swung into action to help reduce the pains of its people through its Private Partnership Programme aimed at providing free large expanse of land for intending developers to help reduce the accommodation problem within the state.

Governments input:

The Lagos State Government would be responsible to the developers for the following:

• provision of land for appraised and evaluated proposals
• issuance of sub-lease agreement/ C of O
• provide development permit at reduced cost
• handover site to the developer
• provide necessary support to ensure project success
• jointly market the property alongside the developer and receive an agreed percentage on the profit

These attempts are geared towards solving the high cost of acquiring land within the state, which is major problem for developers and it has been the bane of affordable mass housing development within the state. With the provision of free land, the Government has taken a great step in ending housing problems in Lagos State.

Developers input:

• responsible for the draft proposal of project
• prepare all drawings (Architectural, Civil, Structural, Mechanical and Electrical)
• arrange and provide finance for the projects
• manage the construction and also jointly market the project alongside Government

Locations:

For this initiative, the government is making land available in the following areas;

• Epe
• Ibeju Lekki
• Badagry
• Ikorodu

Conclusion:

A great number of times, we have seen very laudable ideas turned to woeful projects due to the greed of the executing government officials, lets hope this doesn't go in that direction because if successful it would be similar to the great work done by Jakande, former Governor of Lagos State, whose mass housing projects remain a blessing to the state.

View of 3BD Semi-Detached Bungalow-N37M

View of the 3BD Bungalows-N20M

View of the 2BD Bungalow- N18M

Gioni Homes...Pictures

Hi,
this is my very first post on my blog and i promise to make it as endearing as possible. I will bring to you weekly updates on hot property listings within Lagos and its environs, they will be investors delight and will really be worth your while.

In the past week, my company was invited by a real estate developer in Lagos for a meeting in their office, where words of our marketing skills preceded us, we where officially chosen alongside a few other companies to market and sale their new estate under construction.

We took pictures around the estate and i must tell you, this is worth every penny.

Find below useful description of the estate.

An introduction to Gioni Homes

Gioni Homes is located on a site that consists of 500 plots of land with a view of the lagoon.
It is just a few minutes drive away from all coastal beaches like: Eleko, Lekki, Alpha and Akodo.Gioni Homes is quietly acquiring the reputation as one of the country's most successful and most sort after housing projects with an heritage that combines a vast experience with an ongoing commitment to unrivaled design, styling, craftsmanship and afford-ability. Gioni Homes is a subsidiary of Owolabi Adejonwo Property and Investment Company Limited.

Types of Buildings and Prices

2 Bedroom Bungalow N18 Million

3 Bedroom Bungalow (A) N37 Million (twin)

3 Bedroom Bungalow (B) N20 Million (detached)

5 Bedroom Duplex N65 Million

The first phase of the estate constitutes 150 dwelling units, second phase 350 dwelling units!

Facilities
Shopping Mall and entertainment Complex, Sports Bar, Adult and Children Swimming Pool, Community Hall, Health Centre/Clinic, Laundry Unit, electricity supply, water, Sewage treatment, Fire Station, Maintenance workshop and utility area, Private Estate Transportation Service, Church, Mosque, Primary School, Tennis Courts, Squash Courts, Basketball and Badminton Courts, 6 hole Golf Course and an artificial lake!

The street lights are powered by solar to enhance security.

Mortgage Facilities

Mortgage can be sort from Intercontinental Bank, a partner in the project or from other major banks.

Terms of Installmental Payment

N1 Million Show Interest (Non-refundable)

30 days later 10% of the selling price

60 days later 30% of the selling price

180 days later 30% of the selling price

On completion 30% of the selling price

Breakdown of Terms of Installmental Payment

10% of N19 Million N1.9 M

30% of N19 Million N5.7M

30% of N19 Million N5.7M

30% of N19 Million N5.7M

total N19 M

Add to show interest fee N1 M

N20M

*assuming property value is N20Million

Title

Global Certificate of Occupancy.

Inquiries:

Hines Homes Realty

12 Constitution Rd, House 9

Satellite Town

Lagos

08067801824, 07029344443, 08099348590

info@hineshomesrealty.com.ng

www.hineshomesrealty.com.ng

NB: having slight difficulty uploading the pictures, promise to do so tomorrow. Thanks.