New Land Survey Fees Begin In Lagos, Threaten Home Ownership

Lagos chairman, Nigerian Instituton of Surveyor, Mr. Alara Olugbenga


Hopes of cheaper construction cost and land ownership for prospective property developers may still be a pipe dream going by fresh increase in land survey fees in Lagos area by the Nigerian Institution of Surveyors (NIS).

Ibeju-lekki(new Lagos development): Construction Of Lekki Deep Sea port to commence in April 2017 – Governor Ambode

Investments into the Lekki Free Trade Zone (LFTZ) an emerging business hub in the Lagos axis of the State has risen to over N100billion in the last 10 years. 

Chairman of Lekki Free Zone Development Company, Mr. Abiodun Dabiri who disclosed this at the weekend while giving progress report on the Zone to State Governor, Mr. Akinwunmi Ambode, said more investors have indicated interest in coming to set up businesses in the Zone

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REAL ESTATE DEVELOPERS TO SUE SURVEYORS OVER HIKE IN FEES

The Real Estate Developers Association of Nigeria, REDAN, has threatened to take Surveyors to court if the proposed increment in the cost of preparing survey plans for lands across the country is implemented.

This was disclosed in a letter to Surveyors by Counsel to REDAN, Ebun-Olu Adegboruwa.

Adegboruwa warned that such plan if implemented will result to increase in cost of lands, therefore, making land owners and investors pay as much as One Million Naira for a single plot of land, even in rural areas of Lagos State as from April 1, 2017.

FOR SALE

FOR SALE :- 2 UNIT OF 4 BEDROOM SEMI DETACHED HOUSE WITH A SPACIOUS OPEN PLAN KITCHEN AND A BQ.
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Before You Commit Your Finances Into Any Property, You Must Know This.

*THE MOST IMPORTANT QUESTION FIRST TIME LAND INVESTORS SHOULD BE ASKING*

Many people, especially those who are about to make their first land transaction get confused when it comes to asking the right questions.

In some cases, intending investors ask questions like “where is the place?”, “Is it far?” and lots of other questions.
I’ve even had an encounter with someone who asked for the longitude and latitude of the land.