Introduction

In the face of rising construction costs and currency volatility, property joint venture (JV) development has emerged as a game-changing alternative to traditional real estate transactions in Lagos, Nigeria. Rather than relying solely on capital-intensive land acquisitions, forward-thinking developers are now entering strategic alliances with landowners and creating mutual value without upfront financial strain.

This article explores the mechanics of joint venture development, its advantages, potential pitfalls, and the critical role of professionals and government in driving its success.

What Is Property Joint Venture Development?

Property joint venture development is a collaborative real estate model where a landowner contributes land as equity, while a developer contributes the capital, technical expertise, and project execution. Profits from the completed project are then shared based on a pre-agreed ratio.

In Lagos, this model is becoming increasingly popular among real estate development companies, who now work closely with strategic brokers to:

• Identify and assess high-potential land parcels
• Validate ownership and land documentation
• Negotiate deal structures
• Prepare and review joint venture proposals
• Finalize legally binding JV agreements

Why Joint Venture Development Makes Business Sense

Joint ventures present a compelling value proposition for both parties:

For Landowners: No need to secure high-interest bank loans, property appreciates as it is developed, opportunity to earn passive income or hold equity in the finished development.

For Developers: Reduced upfront capital requirement, faster go-to-market timelines,shared project risks and costs, access to prime locations that may otherwise be unavailable.

In a market like Lagos, where demand for residential and mixed-use properties continues to grow, JV models provide a strategic pathway to deliver projects at scale while minimizing financial exposure.

The Importance of Professional Oversight

While joint venture development can be highly rewarding, it is not without risks. To ensure transparency, accountability, and fairness, both parties must engage the right professionals from the onset. A licensed estate valuer should provide an unbiased valuation of the land, serving as the basis for equitable equity sharing. An independent audit firm should review the financial and technical proposals to validate assumptions, cost structures, and projected returns.

Failure to involve professionals often leads to inflated valuations, lopsided agreements, and long-term disputes, all of which can derail even the most promising project and worsen Lagos’ already significant housing deficit.

When Done Right: A Profitable and Sustainable Model

A well-structured JV offers a low-risk, high-reward development model:

• Landowners leverage their asset without losing ownership.
• Developers focus resources on design, construction, and delivery.
• The city gains new residential and commercial stock,  boosting infrastructure and economic activity.

This model also fosters urban regeneration, particularly in high-demand areas with underutilized land parcels, and supports sustainable growth across Lagos’ dynamic property landscape.

The Government’s Role in Scaling Joint Ventures

No conversation around real estate innovation is complete without acknowledging the role of government. As Nigeria’s commercial capital, Lagos has made strides in urban renewal and infrastructure development. However, to fully harness the potential of joint venture developments, the Lagos State Government must take deliberate steps to establish clear regulatory frameworks for JV projects, incentivize public-private partnerships,launch collaborative housing initiatives with private developers.

Doing so will help unlock more investment, create housing at scale, and contribute to building a truly inclusive and resilient city.

Conclusion

Property joint venture development is not just a trend, it is  a smart, scalable strategy that aligns with the realities of modern real estate investment. For developers, landowners, and city planners alike, this model presents a powerful tool for bridging opportunity and delivery in Lagos’ evolving property market.

Whether you are a landowner seeking to maximize asset value or a developer looking for strategic expansion opportunities, the future of real estate in Lagos may very well lie in collaboration.

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One could easily understand the rationale behind viewing Nigeria, and Lagos in particular, as a location that simply oozes opportunities. The lavish and indulgent lifestyle experienced by the elite is indicative of what one stands to gain if those said opportunities are properly leveraged. Regarding the investment landscape, the volatile nature associated with sectors such as oil and gas or the equally intricate banking systems and their seemingly unfavorable rates could pose a more risky path to follow. However, there lies a significant investment opportunity amidst the rest; namely- Off-Plan Properties. When seeking to invest in property, it is imperative to consider a couple of key attributes which are a) high returns and b) capital growth, both of which are a staple associated with off-plan properties. 

Source: istock photos

What are Off-Plan Properties?

Off-plan properties are exactly as described on the tin as they refer to the purchase of a property before the completion or commencement of the project as there’s little or nothing concrete which can be viewed, ergo… “off-plan”. This mode of purchasing properties has been increasingly adopted for a variety of reasons, including the growing demand for housing and also to combat the housing shortage. However, this article aims to shed light on off-plan properties being viewed primarily through the lens of an investment vehicle. 

Benefits of Off-Plan Properties

Discounted Purchase Price: It is paramount to first highlight the most glaring benefit that lures prospects and that is the ability to purchase the property at a markedly lower price point than the market usually dictates in contrast to fully completed properties. Oftentimes, developers are keen to demonstrate a significant level of sales and demand before marketing the development, which in turn affords prospective buyers the luxury of purchasing properties below market value, as well as additional discounts for buyers seeking to buy multiple properties. 

Potential for Higher Return on Investment: The potential for higher returns on investments (ROI) has also proven to be significantly lucrative as these developments are often built in areas that are highly sought after and as a result, increase the potential for capital appreciation. Investors will therefore be afforded different options that could be explored depending on their investment strategy and situation. They could decide to adopt a short-term approach which would involve selling the property at a profit before and upon completion or a longer-term course of action involving tenanting the property to benefit from recurring rental income, as well as capital appreciation.

Incremental Payments: The specific terms and agreements of this are likely to vary amongst developers, however, buyers are frequently awarded the added benefit of spreading the cost of the property over a set period, thus avoiding a one-off, lump sum deposit. This degree of flexibility will likely free up funds for buyers to use elsewhere and simply enhance the level of appeal involved with the process.

Risks of Off-Plan Properties

The prospect of off-plan properties is generally littered with an array of potential benefits for individuals willing to invest in such projects; they are not, however, exempt from potential risks.

Delays: As one might expect when dealing with construction projects, delays are inevitable as a result of a myriad of factors. Gaining the requisite permits, inflation, economic recession, a shortage of materials or labour, poor weather, etc represent a few typical sources of these delays and ultimately might prove very costly for those investors who anticipated a quick turnaround of profit. 

Issues with Developers: It is extremely vital to ensure the developers can be trusted and ideally have a catalog projects with a notable reputation for delivering outstanding properties. This in turn will likely mitigate any potential issues which could be encountered whilst working with certain developers. 

Conclusion

Delay, as they say, is not denial and the aforementioned points highlight off-plan properties as a significant investment opportunity that could be leveraged to yield high returns. There are several considerations one must take into account when weighing up whether or not to invest in off-plan properties and precisely what they aim to achieve through their investments before making informed decisions. Ultimately, as off-plan properties continue to grow in popularity and margins of profitability, it is safe to say it has indeed established itself as a noteworthy investment vehicle. 

Elevate your real estate experience with Demaxon Facilities. Our team of seasoned local experts leverages cutting-edge technology to ensure a seamless property journey, exceeding expectations for both mid-range and high-end buyers. Explore our curated portfolio of pre-vetted off-plan listings and embark on a stress-free acquisition and management process. Contact Demaxon Facilities today and unlock your property goals.

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The year is 2014. There is an air of excitement in seemingly every country worldwide due to the upcoming World Cup. The threat of a never-before-seen epidemic caused by Ebola was on the horizon – one which ultimately served as a precursor for the COVID-19 global pandemic (but let’s not delve into that shall we). By the end of the year, the Naira had also depreciated relative to the dollar and had reached its all-time lowest point at a rate of… N183 to $1. A decade on and the value of that same dollar seems borderline inconceivable as the Naira has become extremely volatile and will likely drop further amidst writing this, currently standing at N1769. This precipitous decline begets the same simple question from economists, politicians, and the general public alike… how?

Political and Economic Landscape

It can be argued that the political landscape has been characterized in the same fashion in which it began; with a large degree of uncertainty, instability, and scepticism. The President has had to contend with several major issues, starting from appeals against the legitimacy of the presidential elections, to dealing with those inherited problems from the previous regime including, but not limited to high unemployment, rapid inflation, etc. Some of these issues, however, have been exacerbated through outright abysmal decision-making and the implementation of ineffective reforms across the board, not least in the case of the revamp of Nigeria’s foreign exchange system.

The aforementioned ‘forex’ reforms, along with scrapping the fuel subsidy, in actuality, have had and continue to have unmitigated adverse effects on the economy. Petrol prices more than tripled, the value of the Naira has sunk into a chasm at a rate never witnessed before compared to the dollar, and inflation has risen to a three-decade high. All of which can be cited as cogent explanations behind the ever-worsening cost of living crisis. Additionally, the most up-to-date figures as of 2022 highlight the GDP per capita at $2,184 which, despite inflation, is below the average figure of $2,645 over the 10 years preceding it. One can therefore surmise that the harrowing economic landscape has created a precarious environment where its inhabitants are less equipped to afford basic needs. Likewise, organizations have reached a point where it almost feels obligatory to divest in assets and this is exemplified by the nation’s most recent foreign direct investment (FDI) value of -$186M, after posting a positive value of $3.3B just a year earlier. This 105% drop-off represents a figure so unfathomable, it seemingly can only be justified by a typographical error. It also marks the first time the FDI plummeted to a negative value since 1980.

Housing Market Dynamics

Despite the bleak state of the political and economic landscape, the real estate market within Nigeria remains somewhat promising as the industry has experienced steady growth year on year. The residential real estate market is estimated to reach a value of $1.93tr by the end of 2024 and further estimates suggest figures rising to $2.56tr by 2028. The robust demand for residential real estate in particular can largely be attributed to the ever-growing population, increasing urbanization, and a growing middle class. There is a notable discrepancy, however, which exists between buyers and sellers, as despite the strides taken to emphasize the development of houses within the luxury and mid-market segments, there remains a greater demand than supply. Additionally, the constant influx of people into urban areas enables further price rises, and in contrast, the alienating of the lower class due to less affordable housing.

Regarding real estate investment, there has been a noticeable trend toward purchasing properties with the primary intent of acquiring rental income and benefitting from capital appreciation. Apartments situated near commercial districts continue to remain increasingly popular with investors due to a myriad of factors, including enhanced security, access to greater amenities, reliable electricity and water supply, and the opportunity for higher rental yields. Foreign investment also plays a critical role in the dynamics of the real estate market as their focus on higher-end residential properties and office spaces offers the potential for higher returns. This ultimately creates a virtuous cycle as those investments enhance the desirability of the area, stimulate demand, and in turn drive up prices in those segments.

Conclusion

A social media user on X (formerly Twitter) described the situation within the country in a unique way only a Nigerian could by stating “At this rate, a dollar will get to 2025 before we do.” It encapsulates how dire the economic situation has become due to what can only be seen as gross mismanagement. Forecasting Nigeria’s political and economic stability could be seen as a mixed bag as on one hand, there remains significant potential for growth which is being driven by a large, youthful population and a diversifying economy. In contrast, the dependence on oil, political instability, and the omnipresent shadow of corruption always looming tends to dampen one’s sense of optimism. Similarly, within the realm of real estate, it continues to prove difficult to predict the future of the markets, however, it is advised to closely monitor areas such as housing finance reforms, land use regulations, and infrastructure investments. The advent of platforms such as real estate investment trusts (REITs) demonstrates a willingness to capitalize on the great potential within the housing market and offers a slight glimpse into the incalculable progress that could be achieved if the nation could indeed achieve political and economic stability.

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It is often cited that in order to wholly understand a subject, it is imperative to analyse its origins. Starting in 1837, the world was introduced to the novel concept of modular housing which entails the components of a building being constructed off-site before being transported to the building site for final assembly. It will however take decades before the idea gained worldwide traction, and it seemingly arrived more out of necessity than anything else as the Second World War, along with its untold devastation, also created a housing crisis which required quick and efficient solutions. Fast-forward to modern times and modular housing has increasingly been embraced within several countries and has rid itself of the ‘second-rate’ tag it once held.

Benefits of Modular Construction

As is the case with most things in modern society, people are often averse to change. The idea of switching from a trusted, familiar and reliable source to what could be deemed as an unknown alternative, usually breeds uncertainty. However, some of the benefits of modular construction are fairly evident as it eliminates potential delays building sites frequently encounter from Mother Nature as 60-90% of the construction is carried out in a factory. Additionally, easier construction management, improved safety and security for workers, reduced construction time, cheaper costs,  a more efficient and  sustainable eco-design are aspects which further enhance the appeal of modular homes.

Sustainability of Modular Housing

As the ever-present issue of homelessness continues to plague countries worldwide, it is easy to surmise that no country stands to benefit more than Nigeria does with the widespread adoption and implementation of modular housing seeing as the country has the highest homeless population in the world with a figure exceeding 24 million. As cities within the country continue to grow and develop, there becomes an increased demand for varied services including housing, infrastructure, healthcare, education etc. Modular construction therefore poses a viable solution to several issues the country faces as it addresses the triple bottom line sustainability categories, namely: Environmental, Economic & Social.

• Environmental: Modular construction in Nigeria could reduce up to 52% of construction waste due to strict manufacturing guidelines during production within factories. Likewise, there is a significant reduction in the usage of water, as well as a lower carbon footprint due to the fewer lorry deliveries to and from the construction site.
  
• Economic: There are massive cost-saving benefits associated with this construction method as they require fewer raw materials, take less time to construct and have a reduced demand for labour. As a result, these modular homes cost less on average than the traditional brick-and-mortar houses. This increased affordability could be crucial as it seeks to be more inclusive by providing those within the marginalised sectors of society a greater opportunity to find housing.
  
• Social: The issue of homelessness is the primary social concern being addressed through the utilisation of modular housing as it provides greater opportunities for more people to find homes due to the reduced financial requirements. The government could also leverage the benefits brought about through this method of construction by creating communities consisting of several modular homes in order to provide a stepping stone for people to improve their living conditions. This will follow suit from several other countries including India, Canada, US and UK whose governments have adapted modular housing to tackle homelessness in their respective countries.

Drawbacks of Modular Construction

Despite all the benefits discussed, there remains a significant degree of scepticism around the idea of modular homes, especially within a developing country such as Nigeria. Drawbacks include limited customization options, additional separate costs including the likes of utilities, landscaping etc, and lastly, the public perception that modular housing is less desirable and are of a lower quality.  

Conclusion

No one is under any illusions regarding the difficulty associated with what could be perceived as a seismic change in construction methods within Nigeria. However, it is evident that by leveraging the significant opportunity modular housing presents, it can indeed prove to be a win-win solution.

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In Nigeria, there is a devious issue jeopardizing how people get homes—tenancy fraud. It is more than just breaking rules; it messes with fair housing for individuals and entities who need it. This article dives into the tricky world of tenancy fraud, sharing real stories and numbers to show just how big a problem it is and why we all need to pay attention.

Types of Tenancy Fraud

1. Unlawful Subletting

In urban areas like Lagos and Abuja, cases of unlawful subletting have been documented, where tenants rent out their properties without official consent, exacerbating housing shortages.

2. False Succession

Reports highlight instances where individuals without rightful entitlement attempt to succeed a tenancy following the death of a resident, leading to legal disputes and housing complications.

3. False Right To Buy/Right To Acquire

Studies indicate a concerning trend of tenants providing false information in applications for Right to Buy or Right to Acquire, contributing to a loss of public housing stock.

4. Key Selling

Investigations in cities such as Port Harcourt have uncovered cases of key selling, where residents compromise property security for financial gain, facilitating unauthorized access.

5. Unlawful Assignment

The practice of unlawful assignment has been observed in major cities, with residents allowing others to live in their homes without official permission, contributing to housing imbalances.

6. Obtaining Housing by Deception

Instances of obtaining housing through deception have been reported, revealing the vulnerability of the application process to fraudulent activities.

Detecting Tenancy Fraud

Regular background checks to be taken to address tenancy fraud in Nigeria:

1. Regular Tenancy Checks

Housing authorities, such as the Federal Housing Authority (FHA), conduct regular checks to ensure compliance with tenancy agreements, minimizing the prevalence of unlawful subletting.

2. Collaboration with Landlords and Statutory Agencies

The collaboration between housing agencies and statutory bodies, such as the Economic and Financial Crimes Commission (EFCC), has resulted in improved fraud detection and enforcement efforts.

3. Investigating Reports

Cases reported to agencies like the Independent Corrupt Practices and Other Related Offences Commission (ICPC) are thoroughly investigated, leading to legal actions against perpetrators.

Conclusion

As Nigeria grapples with the complexities of its housing landscape, addressing tenancy fraud requires a multifaceted approach. The integration of robust detection mechanisms, collaboration between stakeholders, and stringent enforcement of housing regulations will be crucial in ensuring fair access to housing for those in genuine need.

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Maintenance problems are not always clear and never easy. It explains why developed countries are always seeking out ways to improve the mechanism of maintenance across the board. However, for developing countries, it is still generally a struggle to sustain an acceptable level of maintenance despite huge expenditures on infrastructure.

In today’s global economic climate, facilities managers have to constantly justify their spending as senior management attempts to cut costs, which indeed is a struggle in the real estate sector. 

The starting point to developing any plan of action for maintenance that will be fit for purpose is to understand the need for maintenance. It is, therefore, crucial for facility managers to familiarize themselves with basic elements of an infrastructure or facility and its components, and how they behave individually and collectively with other materials to cause specific maintenance problems to occur.

Having understood the behavior and properties of materials, the next step is to evaluate the extent of possible deterioration and determine whether to abandon, replace or repair the particular materials in question.

Maintenance is required for many reasons; one reason is to extend the life of the facility and its support system. Another reason is to ensure the facility and its users are free from health and safety issues likely to result in damage or injury.

Therefore, maintenance is a necessary aspect in the day-to-day life of a building or infrastructure, this can be essentially classified into three stages:

1) Planning and design stage:

This stage provides an opportunity to save a lot of money by planning and designing the building or infrastructure to be maintenance efficient. Considerations relative to the scope of maintenance should always be present in the design process. The yearly cost associated with the maintenance of facilities due to improper design and planning is phenomenal.

2) Construction stage:

The meticulous process and additional expenditure of designing maintenance-efficient buildings or infrastructure are of no value if the materials and equipment are not assembled and installed properly. For this reason, the construction stage must be performed with the highest quality of workmanship to create a facility requiring the minimum level of maintenance.

As soon as construction begins, every pipeline, valve, floor tile, and electrical outlet should continually be observed as construction progresses to ensure proper location and the highest quality of material. The best quality control and inspection process should be implemented to monitor construction progress.

3) Maintenance stage:

This is the maintenance of the infrastructure i.e. buildings, properties, etc. This covers every aspect of the building or infrastructure including items that are, for instance, auxiliary to the building such as sidewalks and landscaping, the structural elements supporting the building, and other equipment which allow the building to be functional.

It is common practice to implement only the maintenance stage, making facility management unnecessarily expensive. Incorporating the planning and design, and construction stages will surely make a difference in the life of the facility.

The common belief is that the maintenance culture in our country could largely improve if stakeholders in the facility management sector strive to make it happen.

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It’s often said that ‘Home’ is a place where nothing matters, it’s also often believed that the comfort of the home matters the most. Left to us, we’ll say the home is where you chose and it chose you too. 

Needing an escape from the present, past, and sometimes a run from the unpredictable future forces us to crave a place ‘out of this world’ but also within. 

Demaxon has over the years existed to bring this desire for an escape to reality through our property brokerage and facilities management services.

Desiring a home, one that is surrounded by the ones we love, one sighted in the safest neighborhoods. Through the windows, you can see the sun setting and disappearing into the clouds. A place where the sun doesn’t seem against you, just ready to pass by…

Things to keep in mind while creating your dream house:

1. Budget Wisely

While it’s easy to get wrapped up in the excitement of building or acquiring a new home, it can also become overwhelming when there is not a clear understanding of all construction costs to come. By knowing site costs, allowances, government fees, and other add-ons before breaking ground, you will be able to plan accordingly & stay within your budget and your timeline.

2. Family Needs and Lifestyles

Before designing your house, think of your needs and the lifestyle of your family to ensure comfort. Building a house that does not serve all aspects of your routine or fit into your lifestyle is like putting a fish in a dry bucket. Family needs and lifestyles vary as it depends on individual preferences, stages, and plans. The size of your immediate family and others who will live with you, as well as your present and future needs, should determine the square footage and the number of rooms to include in your plan.

Aside from this, how often do you entertain guests, especially visitors who stay with your family for a long period? You may want to consider creating a separate room for them.

Where do you often gather with your family to spend time together, maybe during prayer, family function, or just to play? Is it in the living room, bedroom, or the kitchen area? This should be considered.

3. Do Your Research

When it comes to the location of your forever home, there’s no such thing as too much research. What would your daily commute to work be like? If you plan on growing your family, is there access to good schools and parks? What about access to shops, restaurants, and other amenities? How is the crime rate? Are there any future building proposals or developments in the works?

Though it may seem overwhelming, planning ahead for your dream home will save you stress long term. For instance, you wouldn’t want to build your dream home on a lake, if you’re more of a beach kind of person. 

4. Think Safety and Privacy

You want to feel safe and secure in your fabulous new home. For this reason, be sure to consider things like exterior lighting, a security system, and even fire exits when planning your build. These simple features will give you peace of mind  as you cozy up in your dream home.

Consider the surrounding homes or property to know how to place your windows. If you also need outdoor privacy, consider designing your home with enclosed patios, porches, and deck areas.

5. Furnishings

It’s important to create a house design that would accommodate the pieces of furniture you have now and those you intend to buy later. Create enough space for sitting areas and placement of furniture when planning the sizes of your rooms. Do this by picturing the layout of each room on the floor plans you are considering in order to determine what type of furniture, and how much of it you have or will need.

Consider the traffic flow from room to room and the best place to place the furniture to allow natural light and air penetrate through windows, doors and views.

Lastly , building your dream house could be costly and time-consuming. However, it comes with great benefits as it gives you the opportunity to personalize your house in a way that fits your lifestyle and desires. 

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The term “gated community” simply refers to any type of neighborhood that controls access using one or more gates that residents or visitors can pass through. Some of these communities have guard booths with a security staff to ensure that only residents and their guests pass the gate, while others use an automatic gate that residents must open with a key card or remote control.

Gated communities tend to be named and have clear geographic definitions, they  may exist in any location including cities, towns and rural areas. They also range in size from a few homes to several dozen. In Nigeria these communities are often referred to as estates and examples are; Nicon Town, Charlton Gate, Victoria Garden City, Banana Island and Parkview, etc.

Benefits of living in a gated community:

1. Safety and Security.This is one of the more obvious reasons people opt to live in a gated community. Gated communities have limited entrances and as mentioned earlier these entrances will have security men or require remote access and will also keep record of who comes and goes. For added security some gated communities required cars to be searched before entering and before leaving as an added layer of security.

2. Privacy: Privacy is somewhat similar to Safety. You get an extra layer of privacy in addition to your own compound. As the gated community or estate only gives access to residents and verified guests, you are separated from the hustle and bustle of regular street life, you are able to go about your activities without being bothered by hawkers, or solicitors of any kind. This privacy also provides a safe space for children to play.

3. Sense Of Community: Living in one of these communities proved a sense of community. Estates tend to have events, and social gatherings which can be great for one’s network. There also tends to be an unspoken understanding between residents about the mutually beneficial aspects of living together in this manner. Living in a gated community residents are more likely to trust and want to get to know their neighbors.
   
4. Integrated Lifestyle: The more luxurious and high end estates tend to have access to a number of amenities. Gated communities can offer facilities such as a basketball court, a park, football pitch, swimming pools, gyms, malls/supermarkets. Having such amenities close by and restricted to only residents and their guests makes for a comfortable living. Some of these amenities would cost a lot more if residents were to pay for them outside the estate.

5. Greener and cleaner environment: With the absence of traffic and outsiders, gated communities are less susceptible to various forms of pollution, i.e noise pollution, air pollution and eye pollution. Littering is less within these communities and the cleaning tends to be more organized and easy to control in estates.

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Are you ready to buy your first home? Buying a home is one of the most significant financial decisions one will make in his or her lifetime so it is a decision that a lot of thought and consideration should be put into because making the wrong decision can see you tied to a property you do not take pleasure from for years and years. 

It is important to go through each decision meticulously, from figuring out pricing to why you should consider a realtor. Here are some things you should consider when buying your first home.

1. Use a realtor you trust: Use a trusted realtor. Buyers can sometimes be wary of realtors as they know realtors get commission so can be tempted to drive prices up. However if you are able to find a reliable and trustworthy realtor who has your best interest in mind you will have a professional that knows the market working for you guiding you through the buying process – from identifying the best locations to look for a home in from negotiating a price to navigating home inspections and more.
2. Buy a home you know you can afford: As mentioned earlier buying a home is an expensive life changing decision and whilst it is expensive to buy the home, running a home is also expensive and there are costs that go beyond the purchase such as estate management fees, insurance, taxes and other service costs. These costs are higher with more expensive properties so ensure you buy a home that you not only can afford now but one you will continue to be able to afford.
3. The neighborhood: A good realtor will always have information on the genuine character of a neighborhood, one tip in researching is to google the area and read up on the news that has occurred there. This can enlighten you on important information like the crime rate in the area.
4. How the area copes in all seasons: In Nigeria especially, the rainy season is much different from the dry season, and both are extreme. As a result, when it rains it can have severe effects on day to day life depending on where you live and the infrastructure in place to cope with flooding, for instance traffic is associated with the rainy season and if you live somewhere that floods this could be problematic.
5. Don’t buy a home just for the life you live today: Your first home is likely to be someone you like for a while meaning you could go through different stages of life in this home , therefore you should buy a house in preparation for the different things life has to offer and consider your long term plans, Are you planning on staying at your current job? Getting married? Having kids? 
6. You do not have to buy a house: A lot of people go into the decision of buying a house based on preconceived notions and beliefs such as “ I must own a home by the time I’m 35’. However everyone’s situation is different and there is often a lot to consider such as the housing market, interest rates, timing and your future plans. So consider if buying is the right decision for your situation, in some cases renting or leasing could be the better decisions.

Kindly reach out to us at Demaxon for your real estate needs from rentals to leasing, acquisition, building project management and facilities management.

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The successful Consultant would be required to complete theIn a bid to ensure a well organized development, Lagos State has launched and inaugurated a committee dedicated entirely to review the grand Lekki Comprehensive Master Plan (2021-2041) which is deemed as one of the main pillars of growth for the state. 

According to Dr. Idris Salako, the Commissioner for Physical Planning and Urban Development, this is a pivotal step in being able to achieve a greater Lagos. In addition to Saloko the Director, Technical Services Department in the Ministry, Tpl. Bola Aliu, added the review became necessary for control of spatial activities due to sporadic increase in physical development within the sub-region.

Also speaking at the ceremony, the Director, Regional and Master Plan Department, Ministry of Physical Planning and Urban Development, Tpl. Oladeinde Lateef Olawale went on to say, “The review will address the challenges and correct existing physical problems of rapid urbanization, infrastructural deficit and development pressure, through urban planning and management, leading to sustainable growth. I must also say that the review process will ensure all the identified lapses in the extant plan (2013-2033) are adequately attended to.” In order to ensure this review is performed to the highest of standards, in the words of the lead consultant on the project, Tpl. Victor Emdin, “A team comprising more than fifteen experts have been assembled to undertake the exercise designed to identify problems such as chaotic traffic, poor intra-state and inter-state connectivity, poor environmental management – refuse collection and disposal, poor drainage and flooding system. We are currently liaising with MDAs in order to properly undertake the review that will ensure a legacy performance for all stakeholders.’’

As development continues at a rapid rate the influx of people into the Lekki area is becoming a cause for concern. Problems such as pollution, traffic, insecurity and more are on the rise and will continue unless this review takes place and is followed up by decisive action.

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