Amazing Property

NIESV president, Sir Emmanuel Wike There is widespread eanxiety as Nigeria has entered another recession amid the coronavirus pandemic. The worst hit by the declining economic trend had been the housing industry, which was nursing injuries from government policies in the last four years. This year, particularly, the entire real estate sector performance slowed down, according to the National Bureau of Statistics (NBS) data.  Following the latest development and coupled with limited spending, ability by governments, private sector and households, access to affordable homeownership in the country, may experience further slump below the pervading 25 per cent. Nigeria’s economy slipped into crisis after its Gross Domestic Product (GDP) contracted for the second consecutive quarter.    There has been depletion in gross domestic product and cut in oil production, which is a major revenue source to government, to approximately 1.4 million barrels.   The government...

An illustration of the proposed Ilupeju Gardens in Lagos Lagos-based real estate development and lifestyle group – Design Union Limited, has begun development of Ilupeju Gardens, a fully serviced estate in the heart of Lagos Mainland. The project is being developed in conjunction with the Lagos State Government through its agency, the Lagos State Development and Property Corporation (LSDPC), designed for busy executives and modern families. Beyond the greenery and great health benefits, Ilupeju Gardens is an exclusive kind of apartment complex, driving a new renaissance in Lagos. The project enjoys a good location that is easily accessible to the local and International Airports, Lagos Island and the Lagos – Ibadan Expressway among other institutional places. The estate comprises 202 units of affordable luxury accommodation of various house types including one, two and three bedroom apartments as well as four bedroom maisonette and one bedroom penthouses. The units are d...

Trees can help to minimize the effects of carbon emissions, and one Northeast builder says it will plant more trees around new development—and is urging other developers nationwide to follow suit. Michael Ziman, president and CEO of Ziman Development, based in New Jersey, has launched One Tree Pledge, a sustainability program to help residential and commercial construction companies negate emissions associated with buildings. Ziman, partnering with the organization American Forests, is inviting builders to take the pledge and plant one tree for every square foot of housing built. American Forests will assist with the planting at a cost of $1 per tree. Trees naturally take in carbon dioxide and release oxygen. To Ziman, trees are the solution that will help fight the impact of construction on the environment. “As an owner-operator in construction specializing in beach homes, it was important for me to align my outdoor interests with my values,” Ziman told Builder. ...