Earlier today, President Muhammadu Buhari commissioned 748 Housing Units of Federal Housing Authority Estate in Zuba, Abuja.
The entire estate covers a total of 18.5 hectares of land area. In the course of executing the estate project, over 13,000 Nigerians were employed directly and indirectly.
President Muhammadu Buhari at the commissioning presented keys to some new homeowners at the Federal…
Developers in the real estate sector have accused the government of prioritising revenue generation over the implementation of policies.
The Chief Executive Officer of Darryl Homes Nigeria Limited, Omotayo Odumade, said the government had turned the real estate industry into…
The Nigerian Institution of Structural Engineers has recommended a forensic investigation into the building collapse that occurred at Close 102, 1st Avenue, Banana Island, Lagos.
A report titled “Preliminary Report of the Building Collapse at Close 102, 1st Avenue…
Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a properly built structure.
The Lagos State Emergency Management Agency had in a statement claimed that the recently collapsed building on 1st Avenue, in the Banana Island area of Ikoyi, Lagos State the collapse was a result of a truck that ran into the building.
It stated…
The continued market activity in major African cities to deliver residential developments within the luxury and deluxe category has created a huge gap between the demand and supply for low-income earners, a report by Estate Intel has stated.
The report titled ‘Residential…
First City Monument Bank says it has partnered with real estate firms, Brains & Hammers Limited and Brooks Assets & Resources Limited, to provide affordable housing for salary earners and self-employed residents in Lagos State.
A statement by the bank said the…
The United State Government’s Prosper Africa initiative has announced the close of $274min long-term financing for the housing sector in Nigeria and other West African countries.
TO achieve this goal, Prosper Africa is partnering with Bank of America Securities Inc, Brean Capital LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire, the US Agency for…
Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result of heightened election uncertainty, currency challenges and inflation, an Intel report said.
The report titled “Lagos Real Estate Development Pipeline…
Smart buildings cannot bring down the high cost of houses which has created a huge housing gap in the country, operators in the built industry have stated.
In an exclusive interview with The PUNCH, a structural engineer, Olatunbosun Adaramola, said smart buildings have to…
Stakeholders in the built industry have advocated the development of measures that make affordable housing for low and middle-income earners a reality in the country.
The Executive Director of the Housing Development Advocacy Network, Festus Adebayo, said housing was critical for economic growth and development because of its impact on major macroeconomic indicators such as employment, savings…