{"id":2230,"date":"2016-10-14T16:27:34","date_gmt":"2016-10-14T16:27:34","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=2230"},"modified":"2018-09-12T13:27:20","modified_gmt":"2018-09-12T12:27:20","slug":"the-recent-riot-act-and-the-lagos-real-estate-market","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/the-recent-riot-act-and-the-lagos-real-estate-market\/","title":{"rendered":"The Recent Riot Act and the Lagos Real Estate Market"},"content":{"rendered":"

The Lagos state governor,\u00a0represented by his deputy, Dr. Oluranti Adebule, pledged to check the excesses of developers<\/a> who flout building regulations in the state. And in fact, read out a riot act to property developers and contractors. He gave the warning at the commemoration of the 2016 World Habitat Day, organised by the Ministry of Physical Planning and Urban Development, themed, \u2018Housing at the Centre\u2019, at the Adeyemi Bero Auditorium, Alausa, Ikeja, Stating that government would no longer tolerate flagrant disregard of the law as part of measures to eliminate the incidences of building collapse in the state.<\/p>\n

He, however, noted that 187, 500 new houses<\/a> in the next five years would go a long way in reducing the housing deficit estimated at 2.5 million in the state.<\/p>\n

ALSO READ:\u00a05 Most Expensive Flats for Rent in Lagos Island<\/a><\/strong><\/p>\n

\u00a0He said: \u201cWe are repositioning building control in the state with the engagement of qualified professionals in the environment to inject the much-required professionalism and safety. Delivery of decent housing cannot be achieved in a chaotic environment. Hence, we are determined more than ever before to ensure compliance with town planning and building control standards as well as the implementation of our master and model city plans.\u201d<\/div>\n

 <\/p>\n

This may be a new stage of reforms in the Nigerian Real Estate industry<\/a>. The Lagos state real Estate industry has gone through exceptional phrases. The Lagos state governor, Akinwunmi Ambode is really interested in the Real Estate industry and there have been a lot of reforms. One of which is the new land-grabbing law in Lagos. This is indeed good news to many average working class Nigerians and bad business for omo oniles in Lagos.<\/p>\n

ALSO READ:\u00a0Q & A about Land Grabbing Law in Lagos<\/a><\/strong><\/p>\n

\u00a0This will encourage people\u00a0to build houses. This is also a call for many Nigerians to participate in the real Estate industry by buying and building houses<\/a>. This may also be a form of business to many young people, who can either engage in buying and selling properties. This will reduce so much unemployment in the nation.<\/div>\n

Provisions have also been made to make the\u00a0collection of the Certificate of Occupancy on properties in Lagos easier. This indeed is an eye opener or a medium to help investors, invest into the state. And to make the dream of the mega city real indeed.<\/p>\n

CHECK: APARTMENTS FOR RENT IN IKEJA<\/a><\/strong><\/p>\n

Interestingly, everyone can be partakers of this amazing benefit. While this may be bad business for oppressors who patronize themselves as developers and contractors. Whose love for so much gain has caused havoc in the lives of many Nigerians and so many collapsed buildings in the state. For me, this is a bold step taken by the Lagos state government in securing the life and properties of innocent Lagos tenants<\/a> and property owners.<\/p>\n

Lagosians look forward to the implementation of these laws. If well implemented, our dream of a mega city may\u00a0not\u00a0be far from being achieved.<\/p>\n","protected":false},"excerpt":{"rendered":"The Lagos state governor,\u00a0represented by his deputy, Dr. Oluranti Adebule, pledged to check the excesses of developers who…\n","protected":false},"author":13,"featured_media":1871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_custom_appearance":"","csco_disable_excerpt_posts_layout":false,"csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[37],"tags":[223,129,174,210,140,176,178],"class_list":["post-2230","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-accommodation-in-lagos","tag-affordable-housing","tag-apartment-for-newlyweds","tag-buying-a-property","tag-house-rent","tag-lagos-rent","tag-lagos-state-tenancy-law","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/2230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=2230"}],"version-history":[{"count":6,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/2230\/revisions"}],"predecessor-version":[{"id":11060,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/2230\/revisions\/11060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/1871"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=2230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=2230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=2230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}