How to Handle fraudulent activities in real estate sector

The unprecedented activities of fraudsters and professionals who invade the real estate market to dispossess prospective homeowners of hard-earned money are posing a threat to operations in the sector. With an estimated value of N59 trillion opportunities, 200 million population and a housing demand-supply gap put at over 20 million units, the real estate market is an attractive investment...

tech real estate

Real estate sector must take advantage of technology, say experts

Experts has urged professionals in the real estate industry to take advantage of existing technology and innovations to deepen practice and accelerate affordable housing in the country. Immediate past chairman of Nigerian Institution of Estate Surveyors and Valuers, Lagos branch, Mr. Adedotun Bamigbola, said the introduction of cutting-edge technologies in real estate has changed the ways businesses...

U.S. reduces real estate investment funding for permanent residency

U.S. reduces real estate investment funding for permanent residency

The United States Northern District Court of California has reduced the EB-5 minimum investment to $500,000 and vacated the decision to increase the minimum EB-5 investment amount from $500,000 to $900,000. The court said the U.S. Citizenship and Immigration Services (USCIS), Acting Director lacked the authority to issue that regulation. Nevertheless, there are currently two new EB-5 bills, including...

Enugu govt targets 1,500 low-income homes in Coal City Estate

The Enugu State government would deliver 1,500 low-income housing units in three senatorial zones before the end of the year. Managing Director, Enugu State Housing Development Corporation (ESHDC), Mr Chukwuemelie Agu, announced this at a facility tour of ongoing Coal City View Estate located on Ugwuonyeama axis of the state. The project, which is being executed in partnership with Federal Mortgage...

Enugu, AMDC plan 750-unit housing scheme for civil servants

Enugu, AMDC plan 750-unit housing scheme for civil servants

In a renewed effort to remove barriers to homeownership, Alpha Mead Development Company (AMDC), has entered into a partnership with the Enugu State Government to develop 750-unit affordable homes for civil servants. The proposed scheme, christened Coal City View Satellite Estate, would comprise of one, two and three-bedroom housing units and feature amenities such as schools, shopping mall, medical...

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