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Real Estate and Property Development in Nigeria (Lagos as a Case Study)

Date Posted: 18 Feb 2009
Offer Expires: 18 Feb 2010

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Detailed Buying Lead Description

Dear Sir, 
We are interested in Private Estate Investment And Development as the cost of Housing Development had rapidly grown beyond the govt responsibility to fund all projects related, therefore this sector is left open to private indigenous & foreign investors/developers to maximize the high profit margin accruing to this sector of the economy.
LAGOS as the 5th largest populated cities in the world; there is need for private development to enhance the living comfort ability of the populace and also open biz opportunities in this sector of the growing economy. 
This area of investment has been the most lucrative investment by analysis and statistic, which credited it as one of the highest TURNOVER ventures all over the world NIGERIA inclusive. 
Therefore we seek for biz relationship in this high profit-yielding venture in order to meet with the current housing trend of this millennium. We are capable to assist foreign firms/investors in partnering with them in order to facilitate and execute these various high-income investment/projects. 
These projects are meant to ease housing/accommodation problems and also enhance biz opportunities in the fast growing largest city in Nigeria/Africa. 
Note
Nigeria had experienced a high traffic of Expatriate as a result of the Federal Govt open policy to Foreign Investor, therefore conducive environments and housing development is a prerequisite to achieve this aim and in turn it creates an open opportunity for Real Estate investment for private developers and investors. 
This opportunity is so wide and realistic as the Lekki Axis of the State also is engaged in a massive project of a "Free-Trade-Zone" where the entire project entails a modern Infrastructural development of a modern Large city.( Seaport, Airport, Office Complexes, estates, Recreational ground and Tourism Service). 
The appreciation in terms of Return On Investment {ROI} is excessively high within a short period of completion { This is as a result on non governmental check/control in the real estate sector of the economy}.Nigeria is said to be the most costliest city in the world in terms of accommodation , a 2/3 bedrooms apartment with services including Power, Swimming Pool/DSTV facilities without furniture is approximately $70,000 - $120,000 { service charge not inclusive } depending on the location on the high brood environment of the commercial cities. Bungalows ,Terrace, Wing Duplexes and Detach Houses gives a return of 70% - 90% profit on cost of development within a short period of 3 months even most times sales are already made before development of such estate all depends on the credibility on building organization and the Marketing Consultant.
The opportunities in this Area is so attractive for investment and we are willing and ready to Partner with any would be firm to achieve this goal.
we await your prompt response ASAP.
Regards, 
Bestine Abajue.
 





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