Thursday 25 January 2018

IBADAN FOLKS - PROMO! PROMO!! PROMO!!!



CHRISTAL VILLA- Kentops

Christal Villa Kentops is an ideal living haven & investment destination perfectly seated on the high growth community of Elebu.

LOCATION: Elebu, Oluyole Extension, 20mins Drive from Akala Expressway

TITLE: Registered Survey

PRICE - #700k
‎PROMO: BUY 6 GET 1 FREE
SIZE: 500SQM
STATUS: DRY

BENEFITS
* Estate Gate and Gate House
* Road connectivity
* Water
* Electricity and Street Light
* Drainage
* Provision of Security

NEIGHBORHOOD:
* ICAST School
* Akala Expressway(Home to sprawling businesses)
* Oluyole Estate (40mis drive to the Governor's house)


For more information and enquiries, Contact Christal Homes on Call/WhatsApp: 08023947494

THINK REALTORS ARE USELESS FOR FINDING GREAT DEALS? CONSIDER THIS




THINGS TO CONSIDER BEFORE BUYING LAND TO BUILD A HOME IN LAGOS, NIGERIA

Remember, It’s All About LOCATION, LOCATION, LOCATION
This is, above everything else, the most important consideration when buying a lot. Aside from just choosing the right location on a macro scale (i.e. the side of town you want to live on), it’s also important on a micro scale as well: for example, if your lot is part of a bigger real estate subdivision, is it going to be on the side that has a nice view, or the side that’s right next to a highway? If you have children, you’ll want to think about nearby school districts. If you are still in your working years, you’ll also want to make sure you don’t build a house that’s so far from work that you have a commute time that’s longer than you like. If you are retired or retiring, you may want to look into nearby community amenities including medical services, recreational facilities, clubhouses, fitness centers, etc..

Approval and Licences:
Once you zero in on the property, check the builder’s paperwork ranging from commencement certificate for work, environmental clearance and approved building plans. Also ask for the status of the land title and see if the builder has bought the land or has just development rights for it. Here is a list of documents you should check. (a). Title Deed: Check whether the builder has a right over the property. While buying a plot, see the title deed of the land to confirm if the builder has the full right to it. You can also take help from a lawyer to get the deed examined.
DivakarVijayasarathy, Co-founder, MeetUrPro.com, says, “A mere NOC (no-objection certificate) from the panchayat or the local body does not constitute approval by the authority.”

(b). Release Certificate: If you are buying a property in resale, remember that it may have been pledged to get a bank loan. In such a case, you will have to get a release certificate from the bank, which will prove that the loan on the land has been repaid. Check Encumbrance Certificate: It is also important to verify that the land is free from all legal dues.

(c). Verify land use: Verify the land-use zone as per the city master plan for the plot. You can get the plan from the local body office in your respective city.

(d). Approvals by Local Body: Make sure that the entire layout has been approved by the development corporation and the local body of the city.

(e). Property Tax Receipts: If you are buying a property in resale, ask for previous property tax receipts from the seller along with other bills. This way you can ensure there are no pending bills.

Try To Picture Your Neighborhood in 5-10 years
The biggest mistake I see people make when they buy real estate land is that they often get into a “house fever.” By house fever, I mean they fall in love with some aspect or feature of the property that they forget to ask some of the biggest questions.
For example, what developments and properties are likely to be set up around the area in 5 to 10 years.

Know The Property’s Setbacks
What are the setbacks on your lot? (If you are not familiar with the term, “setbacks” are the guidelines that state how close to the border of your property you can build.) Your local building department or owners association will have the answer to this question, and it may affect where you put your house; on smaller lots, setbacks may even dictate the size of the home’s footprint.

Don’t Forget Zoning & Restrictions
Finally, you’ll want to know all about the restrictions on the property. Are you buying land in a community that has Covenants, Codes and Restrictions (CCRs)? Is there an Architectural Control Committee (ACC) that you’ll have to run your design and landscaping decisions by for approval? You’ll want to make sure you know this before you buy the lot, and certainly before you start building.

Zoning is important as well 
Some areas have land that is zoned for either commercial or residential use. You probably don’t want to build a house where you’ll end up with a gas station as your next door neighbor… but even if you are in an area that’s zoned for residential homes, is it zoned for more than one structure? If you want to build a barn, a detached garage, or a “mother-in-law cottage” behind your house, you’ll want to make sure your lot is zoned properly for this, and finding a lot with this kind of zoning may be more difficult than you think.

We hope this has been a helpful list of items for you to consider as you look at buying land.

Contact us at GARNET HOMES for available offers and let us help you work with your budget to make you become a land owner . Kindly call +2348023947494

WALTON GATE Located in Sangotedo


HOW TO REGULARIZE OR RATIFY THAT YOUR LAND THAT IS UNDER GOVERNMENT ACQUISITION SO THAT IT WILL NOT BE DEMOLISHED



If you have bought lands from Omonile in the past that do not have either a ( C/O) or a Gazette in the following areas Ikeja, Opebi, Ogudu, Gbagada, Oregun, Surulere, Anthony, Obanikoro, Adekunle Village.Isolo, Okota, Ilasamaja, Ijeshatedo, Ojota, Bariga, Iju, Olowora, Isheri, Shangisha, Oworonsoki and environs, Ojo, Ikotun, Egbe, Ejigbo, Shasha, Akowonjo, Okokomaiko, Owode Onirin, Idimu, Egbeda and environs.Ayobo, Ipaja, Igando, Alagbado, Mebamu, Ajangbadi and environs, Ikorodu, Badagry Axis, Lekki Axis (Eti-Osa to Abijo), Ibeju Lekki to Epe & Epe Town and you haven’t been able to get a proper document for your land, I have good and bad news for you.

The Bad news is that the Omonile has scammed you to sell lands that belong to the government and masked it as their own family lands hereby making you part with your money illegally and freely to them without any proper title because they didn’t have any land to give and sell in the first place.

The Good news it that the Lagos state government has decided not to demolish such houses or revoke those lands that has been encroached on by Purchasers of this Bad Lands from Omonile and instead will grant title to such Purchasers. This would afford those who unintentionally bought government acquired land from Omonile or land Scammers the opportunity to regularize their titles and thereby obtain Certificate of Occupancy (C of O) through a process called Ratification  Popularly Referred to as ‘RAT or RATI’ ( Now referred to as Regularization).

 NOW WHAT REALLY IS RATIFICATION OR LAND REGULARIZATION IN LAGOS STATE?
According to Land Bureau website “Ratification (now referred to as Regularisation) is a policy of grace that avails squatters on uncommitted Government Land, the opportunity to obtain legal title to the land encroached upon from the State Government. It is the process of allocating Government land to someone who had previously occupied landed property without lawful authority from the State Government”

Regularisation is subject to two (2) basic conditions:
(i) That the property must not be situated in a Government Scheme, Estate or Committed Area; and
(ii) The property must be situated within an area that conforms with Urban and Regional Planning regulations and standards of the State.

What this means in plain English is that Omoniles have contributed terribly to the sales of very  bad lands that belongs to the Government to unsuspecting buyers that did not do any proper search before they bought their lands and because the lands purchased were defective from the start it will be very difficult to process your papers at the Land Registry at Alausa because they are illegal lands that shouldn’t have been bought from Omoniles and the Government has every right to come and demolish any structure they find on the land.

Examples of Bad lands people purchased from Omoniles include lands under Government Acquisitions, Lands Government intend to build estates, drainages, roads, Government Schemes, pipelines, high tensions, bad layouts and general lands or property that do not conform with the Lagos State Urban and Regional Planning Regulations .
Because of the sale of these bad lands, it has been extremely difficult for the purchasers of this lands to get even a simple Survey Plan approved or lodged at the Surveyor General’s office, talk less of owning a Certificate of Occupancy ( C/O) or an Approved Building Plan Or the Right to claim proper Ownership of the Land legally. These people live in constant fear everyday of an impending Demolition or Revocation.

 HOW TO UNDERSTAND THE DIFFERENCES BETWEEN PURCHASING A LAND UNDER GOVERNMENT ACQUISITION AND A COMMITTED LANDS SO AS TO KNOW WHICH ONES CAN BE REGULARIZED
 It is pertinent here to explain two concepts that affect the issue of Ratification or Regularization before I move on and it has to do with the differences between Owning Lands Under Government Acquisition and Committed Lands.

A Land under Government Acquisition is a land acquired by the Government for its own specific use and there are plans for these lands in the nearest future depending on what the Government intends to do with the land. These lands have been acquired for years by the government and its at the Government’s discretion to release those lands to people who have illegally bought the Land from Omoniles or not depending on if they need to use the lands for a specific purpose or not and if the release of those acquired lands to the people will not disrupt any regional or urban planning regulation.

Meanwhile, a Committed Land is a land the Government already has Plans for and nothing in this life will make the Government alter its mind to give up that land. Such lands include lands earmarked for Government estates, Roads, Government Schemes etc. In fact if you buy a land in a committed Area, you’re on your own because they will never approve the papers and if you build a property there, it will most certainly be demolished.

When you buy a house in a committed area, it is a certainty that house will be demolished

So because of these problems of  land owners who bought lands illegally from The Dreaded Omoniles under Government Acquisition, the Lagos state Government decided to take an Inventory of all unlawful structures erected in areas under Government acquisition and endorsed a decision that all prohibited structures erected on Land under Government acquisition which were not blocking roads, drainage and not located in Committed Areas should have the opportunity to process their papers and be granted building plan approvals and also assist the Government to provide for more housing developments for low income earners. This decision of approving the processing of getting their papers in Lands under Government acquisition gave birth to the process of Ratification and Regularization of owning lands within Non committed Government Acquisition.
Today it is now known as Regularization officially at the Land Registry at Alausa instead of Ratification. Regularization in other words is a process whereby illegal owners of lands in areas under Government acquisition that are not Committed lands are given the opportunity to obtain a legal title to the land encroached or trespassed upon from the State Government.
To simplify it, it means the process of allocating Government Land to someone who had previously occupied landed property without lawful authority from the State Government but it is subject to 7 Conditions:

1. That the property must not be situated in a Government Scheme, Estate or Committed area
2. The Property must be situated within an Area that conforms to Urban and Regional Planning Regulations and Standard of the State.
3. The Appropriate Set back of the Land must be observed.
4. The Appropriate distances from drainages, Canals, NNPC pipelines, Gas Pipelines, NEPA transformers, High Tension Wires, Water Pipelines and other restrictions laid down by the Physical Planning and Town Planning.
5. The land must not fall on road Alignment
6. The land must not fall within a Committed Government Area
7. The Land must fall within the Permitted Regularization Areas
These days it has been extended to areas without development schemes/layout plans and areas without Unplanned Developments. Example of such areas include: Okota, Ketu, Ikorodu, Badagry etc.

SO IF YOU HAVE BOUGHT A LAND THAT RUNS AFOUL OF THESE 7 CONDITIONS YOU HAVE YOURSELF TO BLAME BECAUSE YOU REFUSED TO DO A PROPER LAND SEARCH AND YOUR LAND WILL EITHER BE REVOKED OR THE HOUSE BUILT ON IT WILL MOST CERTAINLY BE DEMOLISHED


So shine your eyes before one Omonile lies to you that he has power to sign your documents and the right to sell lands to you in those areas listed above and many more areas that we dont know about yet. You will most certainly pay Lagos state government double the sum you used to buy it illegally from Omoniles. Always do land verification searches before you part with your money illegally.

P:S: For those coming across the word OMONILE for the first time, it’s a derogatory slang given to Land Speculators and Grabbers who specialize in reselling other people’s lands or duping people off their money under the guise of selling hereditary lands owned by their forefathers.

Courtesy : Barrister Mathew Ottah


Monday 22 January 2018

HOPEWELL PARK ESTATE





Hopewell Park Estate located in between The multi-billion dollars Dangote refinery and the La Campagne Tropicana Resort.

This Safari like view of the estate makes it a place to resort. Bounded by the Atlantic Ocean to the south and Lagos lagoon to the north, it's a few minutes walk to both water fronts.

The land has excision, has a beautifully designed layout, free from acquisition and it's dry.

Each plot is 600sqm, sold for N2m a size which is enough to build 3 bedroom twin-duplex. Your investment in Hopewell Park Estate is sure to appreciate by 100% yearly.

While the estate is conceived to be gated we offer facilities like : road network, drainage, green area, electricity etc.

For inquiries and inspection please call : +2348023947494

REAL ESTATE INVESTMENT






Every season comes with its own opportunities and challenges. Real estate investment has proved to be one of those vehicles that reflect this dynamic mix of opportunities, risks and returns. It is an investment vehicle of choice to the discerning mind that understands and can navigate the risk.

To maximise your opportunities in this sector, you need a fair understanding of the various options available to you. Based on several factors, most investors focus on one or two of the options and only shift to other types of real estate investments after getting a good grasp of the available options.

One of the options available to you as a real estate investor is buying vacant land and holding it for a while. A vacant land with good title is a good investment if you follow the location’s rule. One of the benefits of buying vacant land is that as long as you are buying for investment purposes and you are ready to give it a long-term view, you can purchase the land in areas that are presently remote and undeveloped. Buying land in an area that you know is undeveloped does not necessarily translate to wealth for you unless certain factors have been considered.

Demography is one of the key determinants of areas that a person should consider for investment. If a location has certain factors in its favor, it will likely appreciate faster. But if these factors are not properly considered, a person could miss some fantastic opportunities or invest in a very slow area where it will take years to recoup your money. Since you are more interested in capital growth at this time, it is always good for you to buy land within a ‘line of growth’.

There are areas that are within a radius where physical and economic growths are expected to take place. The closer you are to these areas, the more expensive the land will become. The further you are to existing infrastructure, the cheaper the land will become. Once the right factors are taken into consideration and you are prepared to wait, it is simply a matter of time before you reap the dividend of your investment.

Another strategy that could be applied to vacant land is to buy wholesale, hold and gradually offload at a profit. The first benefit you derive when you alone or with your partners decide to buy wholesale is that you can use the number to get a discount from the seller. You can also use this to leverage payment by installment.

Most sellers are prepared to give you a flexible payment plan if they know that you are buying wholesale. The benefit of buying more than one plot of land is best felt when after the property has appreciated, you decide to sell one or more parcels of land.

If the property appreciates fast enough, depending on the number of plots, you may make enough money to cover your initial investment and still make profit while still retaining one or more plots.

Another possibility is that you can buy a property or building, hold it for a while without adding significant value and then sell or flip it as soon as you get a good offer or deliberately buy the property and renovate or add serious value to it before pushing it back into the market for sale. The latter option that involves adding significant value by renovating the property is better.

Value addition gives you a legitimate right to ask for more and often increases your profit as a real estate investor. Depending on the skill, imagination and funds available to you and your team, you can transform the property and make it a money spinner.

The advantage of this option is that you always negotiate with the owner from a position of strength. Your aim is always to buy at a discount based on the current state of the property. What you can do with the property should not be discussed with the seller as this is your business secret.

Your job is to buy it at a cheaper rate than its true worth, spend time and money to bring out greater beauty from the property and sell or lease for a good profit. This is an option that you should explore and research well before you enter into it.

You should enter and grow it slowly, one property a year so that you do not over extend yourself. With a good strategy, the possibilities are enormous.

IBEJU-LEKKI: FACTS ABOUT IBEJU LEKKI

Ibeju-Lekki is a beautiful town located in the Epe division of Lagos state, Nigeria. The administrative center was formally Akodo and was...