Today, I share with you an interesting topic – Places Where Real Estate Is Booming in Lagos
Lagos is a city where real estate is highly profitable and can bring you a fortune. However, there are some places real estate investors should look out for more.
1. IBEJU-LEKKI
Despite the land being cheap in Ibeju-Lekki, it still sells faster than any other location in Lagos. Land in Ibeju Lekki sells between 3 million to 20 million depending on the location and title of the land. You can make inquiries concerning that.
If you are a player in the real estate sector and you don’t have land yet in Ibeju Lekki, then you are missing out because that’s where the money lies.
Ibeju-Lekki is one of the LGAs for planned Lekki City. With the actualization of the blueprint, Ibeju Lekki is expected to become a central hub for business, manufacturing, warehousing, and logistics. With these developments, there will be an increase in commercial activities in the area which help in job creation and enhancement of booming business activities.
2. ORCHID ROAD, LEKKI
Do you know that there is a place in the Lekki axis where top property developers now play big when it comes to housing development?
Orchids Road is one of the busiest roads, full of real estate activities. It’s one of the longest roads on the Lekki axis. Orchid is opposite the popular housing estate of Lagos billionaire, Chief Rasaq Okoya, called Oluwa Ni Nsola Estate.
Presently, a plot of land on this road goes high as 50 to 60 million and these have become another destination where big guns in the sector choose their ideal location.
It’s a place Nigerians living abroad can put into consideration when investing in property in Nigeria.
3. SANGOTEDO
Sangotedo is a town buzzing with so much real estate. Currently, a plot of land in Sangotedo is as high as 30 million naira and above.
One of the key attractions of real estate players in that area is because of Novare mall which houses one of the most popular retail malls in Africa, Shoprite. And that mall is the biggest in Nigeria in terms of the Landmark.
Real estate companies have one or two properties there as of today. Sangotedo is one of the prime locations to do business for any real investor or a potential buyer.
Sangotedo town is 10 minutes drive from Ajah and closer to Lagos business school. It’s a developed area and almost all the land in the area has been fully booked.
4. EPE
I can’t end this list without mentioning Epe. Epe has additionally been referred to as the “Dubai of Africa.” because of the rapid industrial boom. Similar to how Dubai, which was once seen as a wasteland and a place with no economic value, has transformed into one of the regions with the highest return on investment in real estate after 15 years.
Epe Town will experience a significant influx of major investors from all over the world in the next years.
Epe holds The Future of Lagos in terms of investment, which is no longer a secret. Let’s get to know more about the town, Epe and reasons you should invest in Epe.
The strategic location of the Epe town, gives it the advantage of a gateway city, while at one end it promises to become the residential capital of one of the most important emerging economic centre in West Africa (which is the heart of the Lagos Mega City Project) due to its direct link to Ibeju Lekki, on the opposite end it has the potential to also function as the TRANSIT HUB of all the opposite states in Nigeria for those who are going to engage in businesses at Ibeju Lekki.
Epe is the only city that has the closest link to Ibeju Lekki, this is an eye-opener that the infrastructure in Epe is top-notch.
The places mentioned above should be worked on when investing in Lagos.
I remain Francis Akintola
#yourministerofrealestate
I give professional real estate advice, negotiate and help smart investors make profitable real estate investments for high ROI, thereby creating wealthy landlords. My ultimate goal is to help you achieve your property investment portfolio goals.
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