Skip to main content

Lagos begins allocation of homes to beneficiaries

The Lagos State Mortgage Board on Tuesday began allocation of homes to 30 indigenes that emerged winners from a raffle draw for the state housing estates.

Governor Babatunde Fashola of Lagos State said at the presentation that allocation of the homes to first set of beneficiaries had confirmed the state government’s commitment to the mortgage scheme.

The News Agency of Nigeria reports that some of the homes were in Shitta, Ikorodu, Epe, Age and Lekki Housing Estates.

The governor said the scheme was the state government’s answer to the limited access to housing and one of the strategies to improve living standards.

“With this scheme, we are moving our people from desperation for housing to an orderly and predictable living. And, that is our dream and I have always believed that when people can dream things, their hands can do it.

“Our journey really begins today; Lagosians should begin to put their steps in that ladder, the ladder to prosperity that we have designed for them,’’ he said.

Fashola said no fewer than 3,000 homes were ready for allocation, adding that 200 would be delivered monthly through raffle draws.

The governor said the allocation of less than 200 homes in March was because many applications failed to meet the set conditions.

Fashola urged residents, who were interested in the scheme, to ensure that their applications meet the set conditions.

Comments

Popular posts from this blog

Ogun plans low cost housing scheme

The Ogun State Housing Corporation has said that it is planning to deliver low and middle income housing estates across the state. In a statement, the corporation said its flagship scheme, Plainfields Estate, was already being developed as a community housing prototype that would provide the citizens an opportunity to buy into its plan over the next few years. According to the statement, the estate will, upon completion, have a variety of apartment units. The statement read in part, “The corporation will deliver houses and serviced plots across the three senatorial districts, but will avoid a blanket approach. “This means that these projects will be tailor-made to suit the needs of the locality and the market. Everyone who has recognisable means of livelihood in the formal and informal sectors is qualified to buy. “However, the corporation is keen to help those who need mortgages and who are first time buyers.  Because our objective is to encourage home owne...

Quick fixes for quick profits in real estate

It has been said several times that ‘ideas rule the world’ and this holds true in real estate investing as well. We want to examine a time-tested idea that guarantees quick turnaround time and good returns on investment in most real estate markets. We’ll be examining guidelines for making a good return in rehabilitating and selling properties. First, you need to find a property that is in need of repairs or renovation but is located in a good area. 

SURVEY OF PRICES OF PROPERTIES ON THE ISLAND

Sales price Rental per annum Lekki Phase 1  3 Bedroom flat N45m – N50m N2.5m – N3m 4 Bedroom wing of duplex  N70m – N80m   N3m – N4m Agungi 4 Bedroom detached house N45m – N50m N2.5m 3 Bedroom flat N40m      N1.5m – N1.8m Chevy view 4 Bedroom terrace house N42m N2.5m 3 Bedroom flats  N35m        N1.6m Crown Estate 4 Bedroom detached house  N30m – N40m  N1.5m – N2m Thomas Estate, Ajah 3 Bedroom flat N25m   N750k – N800k Abraham Adesanya 3 Bedroom bungalow  N12m – N14m N700k – N1m 2 Bedroom bungalow N11m – N12m  ...