Private Sector Key To Future Housing Delivery- Fashola

Lagos State governor, Babatunde Fashola, has said that the future for housing delivery in the state lies with the private sector.

He said faced with the competing demand and limited resources, ''we are focussed by prioritising our programmes and redirecting the implementation of our housing programmes to private sector participation in the provision of mass housing.

We are convince that the future of housing delivery should be private sector- driven with government strengthening the operational environment and legal framework for private sector participation.''

The governor stated that such collaboration with the private sector would not just ensure the provision of sustainable human settlements, but would also increase productivity, reduce operation cost and attract private capital.

According to him, the result is that the public got quality and affordable houses and the private sector , new business opportunities.

Fashola said over the years, the sectoral challenges that bedeviled housing delivery propgrammes was rooted in lack of finance and high cost of building and infrastructural development.

'' Out of these factors, finance is the most critical ; both for housing production and home acquisition . The mortgage market which should provide finance for home ownership had been stifled by federal laws and rates.

'' Furthermore, the neck breaking confidentiality and red- tapism involved in accessing mortgage loan had made it unattractive,'' adding that towards this, the Lagos State Mortgage Bill was promulgated .

" In order to further regulate aspect of consumer loans acquisition of property in the state, we have concluded plans to set up Mortgage Board to give legitimate hope of home ownership to our people and ensure that low income citizens have access to these houses.''

Stakeholders Jaw-Jaw On Proposed Badagry Masterplan

With the proposed expansion of Lagos- Badagry Expressway to 10 lanes with a light rail transit system that will make the area the hub of commerce and industry in the West Africa sub-region, a new masterplan is being proposed for the ancient town.

The new masterplan will stem unplanned and indiscriminate erection of structures in the area as well as ensure that all houses to be built in the area follow specific patterns as specified by the town planning laws of Lagos State.

Key stakeholders in Badagry division gathered last week to deliberate and put their input into the new masterplan.

The stakeholders were led by the Akran of badagry, Aholu Menu Toyi II, Oba babatunde Akran, while indigenes and other residents contributed to the discussion and offer useful suggestions.

The design of the proposed masterplan is being done by Dar al Handasar Company which presented the stage one report of the masterplan containing new tourist centres, modern markets and water transportation, among others.

Commissioner for Physical Planning and Urban Development, Fransisco Abosede, noted that the state had attained the status of a mega city since her population was well over 18 million with current eight percent growth rate, adding that by 2015, the state was expected to be the third largest city in the world.

He stated that adequate provision must be made for Lagos in the area of master plan, in order to correct the decadence housing challenges and traffic congestion had brought and stem the increased growth of slums occasioned by the neglect of the 1980 Master Plan.

Abosede stressed that the current administration was determined'' to change the face of Lagos by transforming it into a functional, aesthetic and safe place for all to work, invest and recreate.''

He reiterated that the series of master plans were backed up laws for the purpose of sustainability, sequel to the Lagos Regional Plan of 1980 to 2000, which had been replaced by a new law, adding that these master plans were conceived to rejuvenate and revitalize areas that have suffered urban decay in the past cosmopolitan cities.

Abosede explained further that the master plans would , in the the near future , have a positive multiplying effect on existing infrastructure, reduce crime rate,improve environmental quality and also ease traffic and housing problems in the state.

FOR SALE

1. 5 Bay ware house plus on 6 Acres at cocoa road , Ogba

Price : 1.4 B.

Title : C of O

2. 3 Massive bay plus office and other structure on 31/2 Acres. At Alausa, Kudirat Abiola Road,Oregun - Ikeja.

Price : 850m

Title : C of O

3. 2 Bay Way House on 4 Acres plus offices at Toyota - Isolo - Apapa-Oshodi Express Way

Price : 1.2B

Title : C of O

GRA IKEJA

1. Bare land ideal for Church, Residential Estate or Commercial development along Oba Akinjobi Road, After Archbishop Vinning Church towards NACCIMA House, G.R.A Ikeja on 4,900m/2 land area

Title : C of O

Price : N 370m

2. 5 plot of land cover 300m2) along Lateef Jakande Road, Agidingbi, Ogba + Reg. Conveyance, ideal for Bank, Eatery/Allied us e.t.c

Price : N200million (Asking)

3. 1.23 Hectare, fenced land directly facing Lateef Jakande Road, Agidingbi suitable for commercial development, shopping complex, Factory use e.t.c

Title : C. of O

Price : N700million (Asking)

2.

LAGOS MOVES TO STEM BUILDING COLLAPSE

The Lagos State government has moved to stem the incessant building collapse in the state, saying that it would not hesitate to demolish defective buildings in any part of the state.

The government said it was worried over frequent collapse of buildings and expressed the desire and determination to prevent further loss of lives and property through preventable collapse of buildings in any part of the state.
According to the Commissioner of Information and Strategy, Opeyemi Bamidele, some estates built by Alhaji Lateef Jakande were on the verge of collapse as well as some building along Adeniji- Adele road, Lagos Island.
He appealed to landlords as well as residents whose buildings had been declared structurally defective to immediately relocate and bring same to the attention of the state government through the Ministry of Physical Planning and Urban Development.

He reminded members of the public that owners of any building that collapse in the state would forfeit such landed property to the state as provided by the law.

"To prevent this and importantly to guide against loss of lives and property, owners of structurally defective buildings should endeavour to contact the state government or engage the professional services of structural engineering consultants for clarification where in doubt,'' he said.

Bamidele called on members of the public to report cases of defective buildings in their neighborhood to the state government for appropriate action, adding that government does not want a situation where people will wait till their buildings collapse, resulting in loss of lives and property.

ALLOTTEES IN GOVT HOUSING ESTATE MUST REGISTER PROPERTY

The Lagos State government has come up with clear terms that allottees in all government housing estates must obtain their title deeds and register such with the Lands Registry to be legal and valid .
This was the decision of government during a stakeholders meeting with allottees in government housing estates on registration and perfection of grant of Sub- lease.
Senior Special Assistant to the Governor on Land Matters, Mr Aina Salami, said government had discovered that over the years, many allottees of housing units built by government housing agencies only had letters of which were given to them at time of sale of the houses.
According to him, some of them had even sold their property without obtaining requisite Governor's Consent to such transactions, stressing that the state government decided to step in and do something about this irregular situation.
Salami said government decided to step in to make house owners aware of the legal requirement under the state law to obtain title document after purchase of property and to register such with the Lands Registery.

While stressing further the importance of such exercise, he said " By registering your property,you can get a mortgage from a bank to buy another property, you can also get a security of title and you are also able to guide against the fraudulent practices of criminals and you are also able to have a seamless transfer of your property to third party as you desire''.

Nigerian Newspapers, Radio, TV, Magazines

Nigerian Newspapers, Radio, TV, Magazines

Welcome to invite4cash.com

Welcome to invite4cash.com

Dirty Rooms May Earn Owners Fortune.

Persons living in filthy and dirty bedrooms will now have cause to smile.
This is because a new reality game show has emerged which offers habitants handsome rewards ranging from N100,000 to as much as N300,000 and above.

The ''Filthy Rooms'' game show is the brainchild of NICE DREAMS Properties Ltd, a leading estate development firm, based in Lagos State.

Explaining the rationale behind the reality show, Chief Executive of the company, Architect Richard Uwagie said the intention ''is to create a platform where thousands of people can interact freely, on the internet, have lots of fun and at the same time earn some money.''

According to him, every participant in the game show stands a chance of deriving one form of benefit or another in the activity.

To be part of the action packed show, he said, each participant needs to log on to www.nicedreamsproperties.com website.

To win a cash prize, he explain, the participant can either upload via a mobile phone, or a flash drive or a digital camera, the photo shot of their ''wacky'', ''Ugly'', or ''Dirty" bedroom or living room.

The ''wackiest'' of such photo shots, he said, will win a cash award or a money making opportunity.

Alternatively, Uwagie explained , a participant can joined those who will cast their votes to determine which of the photo shot entries deserve to win the award.

The first 20 votes to log on to the website , he said will earn cash reward of up to N3,000 instantly.

A selection of the most unkempt or sloppiest apartments, he said will be done every week , following which an overall winner will emerge at the end of 3 months.

The star winner will receive a renovation package worth N0.03m, with additional cash sum of N0.1.

Similarly, the second ''worst'' apartment will earn a cash sum of N0.1m, while the third place winner will cart away a Hi-fi Home Theater equipment.

Consolation prizes are equally lined up for other categories of internet surfers on the website.

The reality game is billed to run every quarter, with higher cash bonanzas to be attached to subsequent entries.

Netvibes (1599)

Netvibes (1599)

REQUIREMENT FOR PROCURING CERTIFICATE OF OCCUPANCY IN LAGOS STATE.

A lot of applicants for the much sort after certificate of occupancy which is an official document signed and released by the Governor of the state to a legal owner owner and occupier of a landed property in every state of the federation as provided for and enshrined in the Land Use Act which is the country's official statutory and regulatory laws on issues pertaining to property in Nigeria which was promulgated and became effective since 1978.
According to this Act, it is statutorically provided that an applicant seeking the procument of Certificate of Occupancy (C of O) should provide the following registration document in order to have an itch free application process. namely:-
1) LAND INFORMATION CERTIFICATE.
2) 2 SURVEY PLAN PAPER.
3) CAPITAL CONTRIBUTION PER SIZE OF SURVEY PLAN.
4) N100 DEVELOPMENT LEVY.
5) C OF O FORM.

6) PUBLICATION.
7) TAX CLEARANCE.
8) 4 PASS PORT PHOTOGRAPHS WITH WHITE BACK GROUND.
9) LOCATION MAP
10) INSPECTION FEE

11) PURCHASE RECEIPT DULY STAMPED.

12) APPLICATION LETTER DULY SIGNED.

13) 2 SURVEY PLAN CLOTH FOR C OF O.

PROPERTIES FOR SALE

1. One (1) Storey Building comprising of Four bedroom flat apartments with Four Shops located at Makoko Road, Yaba, Lagos . Title Document: Survey and Receipt.
2. An arrays of Acres of Land located directly at the back of Aro Psychiatric Hospital Abeokuta Ogun State . Ideal for Religious purposes, Estate development, Agricultural and Educational projects : Title Document : Survey and Purchased receipt.
3. One (1) Storey Building located at Furniture Avenue, Ifako- Ijaiye , Ogba, Lagos State. Title Document : Perfect Legal Mortgage. N35m .(Neg)
4. A duplex located in Festac Town,
5. A duplex located in Sogunle Oshodi,N6m
6. 2 Plots of Land located at Okun - Ajah.
7. 3 Bedroom Bungalow (Land 577.50 sq mtrs) located at Thomas Salako Street, Ijaiye - Ogba, Lagos. N40m .

8. Purpose built Blocks of 4 flats- front Wing; 2 Nos 3 Bedroom Flats, Rear Wing ; 2 Nos 2 Bedroom flats (Land area 630.88 sqmtrs) located at Ademola Oki Street, Aguda Surulere, Lagos, N50m(Neg).

9. One Filling station at Alakia Village along Ife- Ibadan Express Way, Ibadan. Oyo State.

10. A factory complex along Oba Akran Road, Ikeja, Lagos. N2.5b (Neg)

Title Ratification Bonanza In Ogun State... Up to 50% discount on Land Charges

To forestall property developments in Ogun state without appropriate title documents; the State Government has set up a task force led by the Special Adviser to the Governor on Environment , Hon. Niyi Salako to check such overt illegalities.
Two consulting firms have been commissioned by the State Government to help fast-track the ratification of land title documents, which will also afford applicants enjoy a 50% discount on all charges, especially as it concerns properties under in areas under government acquisition. The new arrangement is also to ensure that applicants get their title documents within 28 days of filling their applications. Otherwise known as Regularization, the arrangement allows illegal occupants of acquired government land in Ogun State get approved title documents like Mokore Village, Ibafo, Mowe, Ofada, Loburo to mention a few have in recent times witnessed exceptional rapid development with small percentages of such developments approved by the State Government .
As a result, most of the settlements now experience increasing population density, uncontrolled and unplanned land development as well as lack of basic infrastructural facilities which in itself is quite disturbing to the Ogun State Government.

This exercise has also brought into existence a central urban property registry for the identified areas . Areas majorly affected are : Loburo Village (opposite RCCG), Mowe, Ibafo, Magboro ,Warewa, Arepo, Isheri, River Valley Estate, and Ofada, Ojodu Abiodun, Ishasi, Alagboole, Akute, Ajuwon, Akute- Odo, Arifala, Agbado/ Alagbado, Matogun, Olambe Village, Oke - Aro, Iju- Ishaga and Ope-Ilu, Itokin, Lamode, Ijoko, Ito-Awela, Itele, Awela, Itele, Ajoba and other Ogun State Government acquired land across the state.

Application forms for the ratification can be obtained from any branch of Skye Bank located in any part of the state on payment of N5,000 for residential properties and N10,000 for commercial/Industrial properties.

The application forms can also be obtained at the office of the consultants, Intel Global Credit Solutions Limited and Pishonland Services Limited, 110, Obafemi Awolowo Avenue, opp. Bank PHB, Omida Ibara, Abeokuta, Ogun State.

Lagos Office: 7, Ikorodu Road, Maryland, Lagos State.
Tel: 039-771020
08033285168,

08033929887,

080510035226

08023130388

Things to be kept in mind before buying a house

A house is the place where a person spends his entire life enjoying, laughing, crying, dancing and merrymaking. It is the place which stores his memories of moments spent with family and friends. It is said, a house is a mirror of thoughts, culture, background that a family has and the oneness and integrity it withholds in itself. The apartment one is living in should fulfill all his needs and essentials. It should act as a peace of source of contentment in the person, as it is usually said, home is the place where one can feel his original self and can relax to the most. Like the person's living in the house define the spirit of the house, same ways a house should have all the qualities to provide a feeling of satisfaction and pleasure to his residents. Following are the factors; one should keep in mind while buying an apartment:  Space A house is a place to relax, so the space required for the apartment should be calculated according to the number of family members. Every inch of extra space would cost money, so the utilization of the money should be a wise decision.  Property rate A proper survey should be done about the current property rates as in what are the standards of the market and the future predictions for the real state market. A budget should be set for the required property type according to the market standards, as each property dealer has his own set rates and one needs to bargain and bring him down to his standard rates.  Survey Survey should not only be done in terms of property rates, but also about the future of the respective property in the real estate market. Factors like being one of the most posh colonies in the city situated in the metros, neighboring the most happening places of the city, also helps in deciding the cost of the property. So these should be traced keeping the present and future developments in mind.  Distance from work The distance from home to workplace, is an important factor to be considered while buying apartment . This is because of the fact if the office will be far from one's home, then he will have to bare the cost of traveling, which would up in brining him in state of loosing money for extra expenses. If the distance from home to office is less then one can save the amount of money to be spent in travel.  Area or location The area or the locality, in which the apartment is bought, plays an important role in defining the family background of the person. The place of living showcases the standards a person can afford, it helps in structuring his social circle accordingly.  Facilities around the house The facilities in or around the society helps in formulating the lifestyle of the individual, healthcare societies , entertainment programs, sports activities, cultural festivals are the services which attracts a person for living in a particular apartment and the area in which it is situated. So, one should look out for such options to make his life worth living and to add an element of entertainment in their lives.  A park for walk and for children Health is an important asset for leading a happy life. So, places like parks or greenery around the society adds an aspect of freshness in the lives of human beings. While looking for a house, one should keep in mind the importance of space available for their children to play and where they could go for morning walks to add a pinch of brightness in their daily routine.  Nearest market Market or shopping malls near to one's house, provides him with the easiness of shopping whether its for small or big purpose, the time and the cost involved in traveling gets reduced leading to a better and fast life.  Security facilities With the introduction of new technologies each day, the safety of human being is getting questionable. Though no one is sure of when, how and where, what will happen, but security measures are to be taken as much as possible. So, in case of choosing a house one should check the area and the locality from the security point of view, the guards and the boundaries of the society should be minutely verified.  Neighbors or the impression the society is holding The society is formed with the people living in, so before taking the decision of purchasing the house, one should enquire about the background of the residents, and that there is no bad name attached with the society. Keeping these points in mind, one should go for a peaceful, calm, beautiful and modern house reflecting the persona of the people residing in it. About the Author Gurleen Walia writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. At 99 acres, you can advertise a property in India , search for a property, browse commercial property and through {a href="http://www.99acres.com/property-real-estate-buy-rent-residential"}residential property.

Make Money Investing In Rental Property

Is it possible to make money investing in real estate? You see all of those ads for courses that cost hundreds of dollars, and claim to teach you how to make money by investing in real estate. The truth is that some research and knowledge can save you hundreds, and even thousands, when you invest in rental property. If you have some money to invest, rental property is a great way to turn your money into a lifetime of income. There are many advantages to investing in rental property, but there are a few disadvantages as well. One advantage is that it is a long term investment that in the past has given an annual rate of return at around nine or ten percent. This is comparable to the stock market, but with significantly less risk. The capital gains tax on any profit you make from your rental property is twenty eight percent, which is less than most investment or employment income. One of the disadvantages of investing in rental property is the cost of tenant repairs, and another is vacancies. There are some tips to follow to maximize the return on your rental property investment. The first is to consider a month to month lease for your rental property. Most landlords prefer to rent for a fixed period of time, like six months or one year. The advantages are less vacancy and more stability. There are some disadvantages to having a longer lease time as well. One is that it takes much longer to get an unwanted tenant out due to the legal system. With a month to month lease you are only required to give a tenant one month of notice to have them move. Certain groups of people, like college students and workers who may be relocated among others, actually prefer a short term month to month lease, and these groups will usually not sign an agreement for an extended time. A short month to month lease can actually save you money in your real estate investing. This is because it is easier and quicker to raise the rent if your expenses for upkeep and other costs go up. With a longer lease, you can not raise the rent for that length of time, even if your costs go up. With a month to month lease, if your costs go up, you only have to give the tenant one month of notice before you can charge them more. In summary, it is sometimes better to have a month to month lease with your rental real estate investment. The benefits far outweigh the costs, and certain good tenants would prefer the shorter terms. The short time length allows you to get any undesirable or non paying tenants out a lot faster, so good tenants can be found and moved in. This can save you quite a bit of money, repairs, and hassles. You invested in real estate to protect your money and make it grow, and a shorter lease period will work harder for your money. About the Author chicago real estate broker specializing in investing, foreclosures, and home improvements for more info please visit http://www.chicagorealestateandapartments.com http://www.sotoexteriors.comhttp://www.soto-electric.c

Know Your Real Estate Market Before Investing

The most universal legend in real estate in that you can only make profits when the real estate market is rising. Although it is right that more people make money in rising markets that falling markets, the reason is frequently luck, but it is not good market timing. Prepared with the correct knowledge, you can make more profit in any real estate market, but first thing you must know your market so that you can plan your investing tactic to fit that current market. Real Estate Market The majority of the people think of the real estate market as something that is measured just like the stock market - bearish or optimistic. Facts and figures are there that the media reports on the housing market status on a daily basis, most of such reports are confusing to the average investor. Let's we discuss each how such things affect the current market and more importantly our investing strategies. Sale of new construction homes A sale of new construction homes is an indicator used by many market economists to calculate the strength or weakness of the housing market. Such reports comes from home builders in terms of planned permits for new home builds and orders for new construction homes from clients. This data is a bit relevant because it can prove how strong demand is for new homes. But, keep in mind that in a few places like inner cities where there is no vacant land, new homes are not being built in bunch quantities. Similarly, in suburban areas where land is abundant, there is endless room to build, resulting in inundate. Resale of existing homes The resale of existing homes is a more precise indicator of the market, exacting in areas where there is not a plenty of new construction homes. When analyzing new home building and sales data it is essential to compare single-family homes with single-family homes. Condominiums and multifamily homes have dissimilar buyers, so it is possible to have tough demand for one and not the other. Hire Vacancy Rates Rental vacancies are much related to the values for multifamily housing, but it can be a good sign of what is occurrence in the single-family home buying ground. When interest charge is very low, home buying goes up on the low-end of the level, it is simply because it is cheaper to make advance payments than rent payments. Mortgage Applications Applications for new advance loans shows records that is auxiliary to the sale of new construction homes and existing homes. Of course, some of this is refinancing, which is driven by the rising competence and falling cost of loan dispensation, and in large part driven by little interest rates. Another part of the equation is the amount of defaults on loans and the consequential number of foreclosures. Various defaults are because of careless lending practices, but if the market status is rising, a person can always ready to refinance one more time. Once prices stop increasing and highly-leverage borrowers cannot ready to sell or refinance, the market may be softening upwards. About the Author Jeff Adams is an author for Jeff Adam Investments Websites. He has written article Jeff Adams Investments,Real Estate Investing.