Bode Agoro, allayed the residents’ fear of being exploited by the government. One report stated that about 6000 people move into Lagos daily. Located directly opposite La-campaigne tropicana in the Ibeju Lekki area of Lagos state. Your email address will not be published. The refinery is expected to double Nigeria’s refining capacity, largely to accommodate the pressing demand for fuel and export to foreign markets in and out of Africa. Required fields are marked *. I recently got featured to talk about business on PUNCH and How I work on TECHPOINT. It’s a once-in-a-lifetime opportunity. The Lekki Free Trade Zone which is currently under development is another element that guarantees good ROI on investments made in pieces of land in Ibeju Lekki. This article is a review based on the on-going developments that will come to fruition in the next 1-5 years. And as for 600 sqm pieces of land, they cost N650,000. However, due to the fact that expansion of the Murtala Muhammed Airport alone wouldn’t solve the current load facing the airport, Lagos state government decided to build a new airport. This project is projected to generate more than 9,500 direct and 25,000 indirect jobs. ome to the Dangote Petrochemical Refinery (one of the biggest refineries in Africa). Lagos State Government has unveiled plans to open new towns in Ito-Omu and its adjoining communities in Ibeju-Lekki Local Council Development Area (LCDA), to fast track development. Besides all these massive industrial developments currently on-going at the Ibeju-Lekki axis, one factor that makes investing in real estate at Ibeju Lekki an absolutely ultimate deal is the growing Lagos Population Growth. “The prospects are high at this upcoming free trade zone. The biggest factor behind the rapid development in the Ibeju Lekki axis is the Lekki Free Trade Zone, Dangote Refinery.-home to the Dangote Petrochemical Refinery (one of the biggest refineries in Africa), Lekki Deep Seaport, the Lekki International Airport, and several industries. 10+ Experts Share Secret of running Successful Real Estate Business. Experts forecast that in the next 10-15 years, a plot of land at Ibeju-Lekki will be selling for over N45 million. This zone was strategically chosen based on its integrated hub of active roadways, rail and sea links, eliminating all accessibility barriers. [STANDARD] 4 Bedroom Flat Bill Of Quantities (BOQ) - Save That Money !! Thankfully, I found Realestateko’s offer before spending a dime, which ultimately led to me saving a couple of thousand Naira. The ₦120.6 billion project would be a landmark achievement, considering that it had been in the cooler in the last 40 years. plot of land in the area usually cost between N500,000 and N5,000,000. In other words, commercial activities in Ibeju Lekki is expected to explode and become one of the most important, upon completion of this deep seaport. Ongoing Developments in Ibeju Lekki Already, the LFTZ has facilitated massive investments like the Dangote Refinery and Petrochemical plant. With the high demand for labour at Ibeju-lekki, expect a huge urban migration to this region. You will receive mail with link to set new password. Gracias Next Generation Estate is currently one of the best places to buy a piece of land in Ibeju Lekki. It determines how well, or badly, an investment does. The facts about this community are not only interesting, but also compelling, especially for savvy and patient investors with long term view of the property market. It covers a total area of 2,635ha on the Lekki Free Zone near the Lekki Lagoon, enabling easy shipment of refined petroleum products to international markets. The refinery is expected to take off in a few years and spur massive growth in the area. But plans to develop a smart city in Ibeju Lekki, is currently ongoing. The Surveyor-General, Olutomi Sangowawa, said: “This is going to be the beginning of new things to happen in the communities.”. In fact, it would not be a blunder to call it the most important state in Africa. Ibeju-Lekki is favourably situated in proximity to prime development projects such as Dangote refinery, Lekki Free Trade Zone, a seaport, the Pan-African University and much more. Also, note that the deep seaport location was strategically located based on the inter-connected road network. In other words, when the smart city starts becoming a reality, the prices of lands in this area are expected to be a lot higher than they currently area. Ibeju-Lekki is a cynosure in the midst of other real estate location in Lagos Nigeria. Over 1,000 staff of Dangote Refinery are to be provided accommodation by developers, while others are still providing within and outside the zone. In this estate, you can get a 600 sqm piece of land at N850,000. With discounts on 10 plots and up available. What is The Price of Land in Ibeju Lekki? *Corrected . Lagos state’s population growth rate is rapidly growing now reaching 21 million from just 1.4 million as of 1970. The event was presided and witnessed by the Lagos State Governor, Mr Akinwunmi Ambode. And if you buy up to six plots of land, you get one plot for free. Its character, stature and value have undergone dramatic change by virtue of the massive developments and infrastructure provision taking place there. Ibeju-Lekki is located close to Eleko Beach, Nike Art Centre as well as the Lekki Conservation Centre. If you’re a savvy investor, you must have gotten it already. It has fast become one of the most sought after locations for real estate developers, investors and other industry experts. It circulates in Nigeria and Ghana, EXPLAINER: Do modular refineries stand a survival chance…, PAN’s new investor plans $150m injection in retooling,…, #EndSARS: Protesters shift focus to good governance,…. Also read: Why LekkiVale Estate is the perfect real estate investment option, You can call us right now to book a land inspection at 09081234564, 09095757575 or Send us an email at info@sevicpdc.com, You can also chat with us on WhatsApp: 09095757575 09081234564, Your email address will not be published. There’s the 3-month instalment plan and the 6-month instalment plan. And over the past few decades, the state has grown from being filled with thousands of people into being filled with tens of millions of people. LekkiVale Estate is spread across 6 hectares of dry land. If you’re a savvy investor, you must have gotten it already. The Lekki Free Zone’s completion date is set in 2022, and it’s projected to create 300,000 direct jobs and 600,000 indirect jobs. This project is projected to generate more than 9,500 direct and 25,000 indirect jobs. This project is expected to create about 170, 000 direct jobs and grow to about 2.7 million and 4.5 million TEUs when the project operations fully commence. There actually are, and finding them should be little or no problem. When completed it will be 38 kilometres long and would run pass Lekki, Baiyeku towns and Langbasa, serving as an alternative route from Lekki to Ikorodu, Ikeja to Ajah and an additional alternative to the Eko, Carter and 3rd Mainland Bridge. Blessed Plaza, 100, Adeba Road,Off KM 38, Lekki-Epe Expressway, Ibeju-Lekki. It is also important to state that Gracias Pearl Estate has the title “Excision in Process”. Private developers are already doing developments there”, an estate developer, who did not want to be named, confirmed in an interview. The new airport expected set to lessen the pressure on the dilapidated federally owned Murtala Muhammed International Airport and serve the fast-growing industrial Lekki hub, the Lekki Deep Seaport and Dangote’s 650,000bpd refinery, among others. What Causes Increase in the Market Value of Your Real Estate or Property, 6 Social Media Tools You Can’t Afford To Miss in 2019. Are you sitting on a Development Real Estate Goldmine? The 4th mainland bridge was proposed to curb the increasing pressure that threatens to paralyse the city’s circulation. [STANDARD] 3 Bedroom Flat Bill Of Quantities (BOQ) - Save That Money !! Unconfirmed report has it that the LFTZ has attracted about $10.1billion investment commitments from about 49 investors. Coupled with a stable source of income, you’d have ready and willing people to pay good money for accommodation by 2022. It is designed as a 2 level bridge that simultaneously allows the smooth movement of large numbers of people. Coupled with a stable source of income, you’d have ready and willing people to pay good money for accommodation by 2022. But despite how important it is, it is the smallest state in the whole of Nigeria, in terms of land area. I’ll let you in on a little secret; I laugh at myself every night when I remember how I thought I could take care of myself in the construction market. It ranks as the most important state in Nigeria. How the 2019 Elections affects your Real Estate Investment at Ibeju Lekki, Why LekkiVale Estate is the perfect real estate investment option, Land for Sale: How to choose where to buy land, Land flipping: Eight top ways to make money from your vacant land, Houses for Sale: How to choose the right type of house. All Rights Reserved. The Permanent Secretary, Lands Bureau, Mr. The combined demand for real estate assets by the staff of this company alone means that a plot of land that is sold for N500,000 today will be going for over a million naira in the next couple of years. The refinery is expected to be the world’s biggest single-train facility, upon commissioning in 2021. The Lekki Free Zone’s completion date is set in 2022, and it’s projected to create 300,000 direct jobs and 600,000 indirect jobs. Lekki Seaport is NIGERIA’S DEEPEST PORT. Get real time updates directly on you device, subscribe now. You should, however, note that there are surcharges, when buying from this estate. As mentioned earlier, the on-going projects in the area have made it a prime location for real estate investors. Lagos State Government has unveiled plans to open new towns in Ito-Omu and its adjoining communities in Ibeju-Lekki Local Council Development Area (LCDA), to fast track development. He said the mistakes of the past while creating new towns would be avoided if the residents worked with the government officials to bring in the needed expertise for the development. The 300,000 jobs to be created are potential sources of demand for real estate assets as all of these workers will be needing residential and commercial real estate for living, working and even for leisure.
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