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Showing posts with the label Real Estate

GREATER TAF CITY - 20,000 HOUSING UNITS IN RIVERS STATE

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  FLAG OFF OF THE CONSTRUCTION OF 20,000 HOUSING UNITS IN RIVERS STATE The government of Rivers State has once again partnered with TAF AFRICA GLOBAL, a real estate development company whose goal is to build one million affordable homes in Africa and has shown its strength in building the Garden City Golf Estate in the heart of the state capital 12 years ago and has gone on to do same in other countries like Siera Leone and the Gambia etc.  The event was graced by high dignitaries of the state, from traditional rulers to government leaders at different levels including the Governor of the State, His Excellency Amaopusenibo Siminialayi Fubara GSSRS. The event was marked with some cultural displays from different groups of people of the Ikwerre Local Government Area. Speaking at this event was the Acting Administrator of, the New City Development Authority, Aaron Obele who description of the project stating that 1000 hectares of land will be developed, of which the first phase o...

Enhancing Transparency and Trust in Real Estate Through Technology

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In today's article, w e're thrilled to share key takeaways from our groundbreaking YouTube Live event, "Leveraging on Property Technology to Enhance Real Estate Sustainability: Enhancing Transparency and Trust in Real Estate Through Technology".  x Let's delve into the enriching discussions that unfolded: Q1: Comparing the Real Estate landscape of the 90s and today, what significant transformation has occurred? The real estate landscape in the 90s was purely manual in the way things were done, for example, the mode of transaction between ’91 and now has changed, the introduction of technology in Nigerian real estate changed a lot as companies like Property Pro who started doing property listing, marketing has been greatly improved by technology. Let’s not fail to also talk about the things that have not improved like the paper-based land registry which has not been updated and is inefficient in taking care of land verifications. As technology increases the rate of...

Property Transactions in the FCT: Protecting Your Interest (How to Avoid Revocation of C of O)

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Many property owners have had horrible experiences of their C of O being revoked by the government and most times they don't know how or why it happened. This article will give you an understanding of how it works and tips to help you avoid C of O revocation.  C of O is evidence of ownership. The actual title document is the document that transfers the title from the previous owner to you e.g., the deed of assignment. Possible reasons why a land title can be revoked. ·         If the property is overriding public interest; this is when the Government requires the land for public purposes, projects, or infrastructure. ·         If the owner breaks a term of the lease; this can happen when there is noncompliance with the terms of the agreement of the lease. For example, when land that is supposed to be used for a specific purpose is not used for that specific purpose. Or when one fails to develop within the ag...

DEEP DIVE INTO LAND TITLE DOCUMENT

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 Land ownership and titles are crucial aspects of real estate and property rights in Nigeria. The acquisition and verification of land titles are fundamental steps in the process of purchasing or transferring property ownership. In this blog, we will delve into an in-depth understanding of Nigeria land titles, their types, significance, and the process of obtaining them. Types of Land Titles in Nigeria 1. Certificate of Occupancy (C of O): The Certificate of Occupancy is the highest form of title one can have over land in Nigeria. It provides proof of ownership and exclusive rights to use, occupy, and manage the land for a specified purpose. A C of O is issued by state governments and is crucial for legalizing land transactions. 2. Deed of Assignment: A Deed of Assignment is a document used to transfer interest, rights, and title in land from the seller (assignor) to the buyer (assignee). While it doesn't confer absolute ownership like a C of O, it establishes a legal relationship ...

Unlocking Progress: The PHC Ring Road Project

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  The Port Harcourt Ring Road Project is a significant infrastructural development aimed at enhancing transportation and connectivity in the region. With a total contract value of 195.3 billion naira and an anticipated completion time of 36 months, this project holds immense promise for the city's future. The proposed road will span six local government areas, incorporating six flyovers and a crossing bridge, setting the stage for improved mobility and economic growth. Highlights of the PHC Ring Road Project Significant Investment: The total contract value of 195.3 billion naira underlines the substantial investment being made in this critical road infrastructure. This financial commitment demonstrates a strong belief in the potential positive impact this project will have on the region. Enhanced Connectivity: Covering six local government areas, this project will significantly enhance connectivity across the Port Harcourt region. Improved connectivity is vital for facilitating ea...

THE AMAZING THING ABOUT BOND 2

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THE AMAZING THING ABOUT BOND 2 Last weekend, our neighborhood witnessed a delightful event that brought together aspiring homeowners, curious visitors, and enthusiastic real estate brokers alike. The much-anticipated open house, held on a sunny Saturday afternoon, showcased a stunning array of properties available in our charming environment. From the moment the doors swung open, the atmosphere was alive with excitement and anticipation. The event featured an impressive variety of homes, ranging from cozy houses perfect for young couples to spacious family homes adorned with beautiful environment. Each property presented unique features, allowing potential buyers to explore and envision their future lives within these walls. Real estate brokers from reputable agencies, such as DOLPHINS REALTY LTD , were present to guide visitors through the homes, answering questions and providing valuable insights into the neighborhood's amenities, schools, and recreational facilities. Beyond t...