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‘Nigerians need enlightenment on real estate investment’

https://punchng.com/nigerians-need-enlightenment-on-real-estate-investment/

The Managing Director, Aimart Realtors, a subsidiary of Aimart International Nigeria Limited, Mrs Bukola Iluyomade, has said there is a need to increase enlightenment on real estate investment in the country.

Speaking during the firm’s products ‘extravagance’ launch in Lagos, Iluyomade said the company was out to change people’s fear about real estate investment through education.

“We will continue to enlighten people about various prospects in real estate and how they can make multiple strings of income by investing in property.

“We are here to change the narrative because a lot of people believe they cannot buy into real estate without having so much money. We are here to let people know that they don’t need to be scared of going into real estate because of swindlers,” she said.

Iluyomade stated that to enhance home ownership among Nigerians, the firm had slashed prices of land in all its estates by 20 per cent.

She added that the estates located in Lagos and Ogun States, on more than 200 acres of land, comprised Intercontinental Park, Landmark Park, Covenant Park in Ibeju-Lekki, Palms Park in Badagry, Sunshine Park in Agbowa, Royalty Park in Ofada, Treasure Park in Ifo and Champions Park in Abeokuta.

“The cut in land prices in the estates between now and January 2019, is part of the activities to commence allocation of land to subscribers and to end the year’s sale. Plot sizes range between 300 and 550 square metres, while the estates come with green areas, recreational and infrastructural facilities such as roads, electricity, walk-ways, water supply and drainage system among others,” she said.

Iluyomade explained that to enhance people’s eligibility, the company had put in place flexible payment plans to ease subscribers’ burden, adding that this was done in such a way that everybody could key in with limited money.

She said the payment plans ranged from three months, six months, one year and nine months, with a structure for daily contribution.

She added, “We have a mandate to provide homes that are secured, without land speculators’ challenge and to address the issue of how to acquire land, the company has taken it upon itself to guide people and also educate them on proper documentation.

“Documentation is one of the most important things in real estate.  We have discovered that a lot of people don’t understand this. They only buy their land and that is the end. Education is key in this area and we are out to provide this,” she added.

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