{"id":3233,"date":"2017-04-11T11:53:28","date_gmt":"2017-04-11T11:53:28","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=3233"},"modified":"2017-04-11T11:53:28","modified_gmt":"2017-04-11T11:53:28","slug":"developers-condemn-increment-in-cost-of-land-documentation","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/developers-condemn-increment-in-cost-of-land-documentation\/","title":{"rendered":"Developers condemn increment in cost of land documentation"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div>\n<p>\u2022Say affordable <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">housing<\/a> threatened<\/p>\n<p>PUBLIC outcry has continued to trail the proposed increment in the cost of preparing survey plans for land in Lagos State by the Lagos State chapter of the Nigerian Institution of Surveyors NIS.<\/p>\n<p>While <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Real Estate<\/a> Developers Association of Nigeria, REDAN, has threatened legal action over the proposed increment of about 300 per cent, the duo of Wisdom Ezekiel and Olorunseyi Sunday, both co-founders of Pertinence Real Estate Development Company, developers of ABC Gardens across Nigeria, have condemned the proposition, pointing out that if allowed to stay, land owners as well as investors will be paying as much as one million Naira for one plot of land no matter the location of the plot.<\/p>\n<figure id=\"attachment_780560\" class=\"wp-caption alignnone\" style=\"width: 412px;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-780560 size-full\" src=\"https:\/\/i0.wp.com\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1.jpg?resize=412%2C250\" alt=\"land documentation\" width=\"412\" height=\"250\" data-lazy-src=\"https:\/\/i0.wp.com\/d19lga30codh7.cloudfront.net\/wp-content\/plugins\/lazy-load\/images\/1x1.trans.gif\" \/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-780560\" src=\"https:\/\/i0.wp.com\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1.jpg?resize=412%2C250\" alt=\"\" width=\"412\" height=\"250\" srcset=\"http:\/\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1.jpg 412w, http:\/\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1-300x182.jpg 300w, http:\/\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1-58x35.jpg 58w, http:\/\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1-260x158.jpg 260w, http:\/\/d19lga30codh7.cloudfront.net\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1-200x121.jpg 200w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\"\/><\/noscript><figcaption class=\"wp-caption-text\">A housing estate in Lagos<\/figcaption><\/figure>\n<p>The co-founders who are also executive directors of the real estate firm, lamented that the aspirations of proposed home owners in the country particularly low income earners may not be realised, as the increment would have multiplier effect on housing delivery.<\/p>\n<p>The executive directors of the Lagos-based firm who spoke at the super promo launch organised by their company, weekend, to put smiles on the faces of some prospective home owners through the promo, as six plots of lands were expected to be given out by raffle draw, said they foresee increase in the cost of land which will translate to high cost of housing construction at the end of the day.<\/p>\n<p>They explained further that the increment will have a ripple effect on the cost of land as other professionals in the built environment will also increase the cost of their own services, which will adversely affect <a href=\"https:\/\/amazingproperty.com.ng\/blog\/affordable-housing-markets-for-buyers\/\">affordable housing<\/a>.<\/p>\n<p>The Lagos NIS had announced increment in land survey plan fees by over 300 per cent, starting from April. The fees cut across different zones of the state. For instance, Ikorodu, Epe, Badagry, Ojo and Ajeromi Ifelodun local government that is currently N120, 000 has been increased to N350, 000. While Lagos Island, Eti-Osa, Ikeja and Apapa, which\u00a0 presently charges N300, 000 now go for N1million. Somolu, Alimoso, Mushin, Agege, Ibeju Lekki, Kosofe, Lagos Mainland, Amuwo Odofin Local Government, formerly pegged at N180, 000 has been hiked to N650, 000.<\/p>\n<p>On the super promo launch, they contended that it was their own way of contributing to the society, pointing out that \u201cThis is our own little way of contributing to the society.<\/p>\n<p>\u201cThis is our own way of appreciating our teeming customers for believing in us since we started business about five years ago. We are giving out six plots of land in any of our estates and all expense-paid return ticket to Dubai to winners today. We are doing this to help people to become home owners. We have done this for about five times now\u201d, the co-founders stated.<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n<p><a> Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u2022Say affordable housing threatened PUBLIC outcry has continued to trail the proposed increment in the &hellip; <a title=\"Developers condemn increment in cost of land documentation\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/developers-condemn-increment-in-cost-of-land-documentation\/\"><span class=\"screen-reader-text\">Developers condemn increment in cost of land documentation<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3234,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,1398,12908,543,344,684,384,1384,3058,522,1007,818,84,15282,15301],"class_list":["post-3233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-developers","tag-home","tag-home-buying-guide","tag-housing","tag-lagos","tag-land-documentation","tag-lekk","tag-location","tag-nigeria","tag-owners","tag-real","tag-real-estate","tag-ross","tag-translate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/LAGOS-ESTATE-1.jpg?fit=412%2C250&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2914,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-land-survey-fees-begin-in-lagos-threaten-homeownership\/","url_meta":{"origin":3233,"position":0},"title":"New land survey fees begin in Lagos, threaten homeownership","author":"Amazing Property","date":"April 3, 2017","format":false,"excerpt":"NIESV President, Patunola-AjayiHopes 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).\u00a0 \u00a0The increase by\u00a0Lagos chapter of the institution, which\u00a0may\u00a0act as a test bed\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New 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3x"},"classes":[]},{"id":9089,"url":"https:\/\/amazingproperty.com.ng\/blog\/firm-showcases-badagry-homes-targets-low-income-earners\/","url_meta":{"origin":3233,"position":1},"title":"Firm showcases Badagry Homes, targets low-income earners","author":"Amazing Property","date":"February 24, 2019","format":false,"excerpt":"The Group General Manager, Pertinence Limited, Mr. Victory Cleanclay (left), Executive Director, Administration and Operations, Mr. Sunday Olorunsheyi, Executive Director Marketing, Mr. Wisdom Ezekiel and Financial Controller, Mr. Oladimeji Oke, at a media parley in Lagos A real estate firm, Pertinence Limited has unveiled a new estate known as Badagry\u2026","rel":"","context":"In &quot;Investors&quot;","block_context":{"text":"Investors","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/investors\/"},"img":{"alt_text":"homes","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/02\/Pertinence-.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/02\/Pertinence-.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/02\/Pertinence-.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/02\/Pertinence-.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/02\/Pertinence-.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1864,"url":"https:\/\/amazingproperty.com.ng\/blog\/dangote-refinery-free-trade-zone-lift-lagos-real-estate\/","url_meta":{"origin":3233,"position":2},"title":"Dangote refinery, free trade zone lift Lagos real estate","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"On-going public and private sector synergy leading to the development of Dangote Refinery Project and Lagos Free Trade Zone (FTZ) have been received by the real estate community last week with mixed feelings, with the leadership of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) decrying the non-involvement of\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New 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3x"},"classes":[]},{"id":9407,"url":"https:\/\/amazingproperty.com.ng\/blog\/built-sector-in-apprehension-over-proposed-vat-rate\/","url_meta":{"origin":3233,"position":3},"title":"Built sector in apprehension over proposed VAT rate","author":"Amazing Property","date":"October 1, 2019","format":false,"excerpt":"Abuja city There are growing concerns by housing professionals on the possibility of fresh housing crisis in the country should the proposed Value Added Tax (VAT) by the federal government be implemented in 2020. Although government has stated that the process of increasing the VAT rate would involve extensive consultations\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Abuja City 1.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/10\/Abuja-city-1.jpg?fit=1200%2C674&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/10\/Abuja-city-1.jpg?fit=1200%2C674&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/10\/Abuja-city-1.jpg?fit=1200%2C674&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/10\/Abuja-city-1.jpg?fit=1200%2C674&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/10\/Abuja-city-1.jpg?fit=1200%2C674&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4430,"url":"https:\/\/amazingproperty.com.ng\/blog\/realtors-demand-freezes-in-conversion-of-homes-to-commercial-purposes\/","url_meta":{"origin":3233,"position":4},"title":"Realtors demand freezes in conversion of homes to commercial purposes\u00a0","author":"Amazing Property","date":"May 8, 2017","format":false,"excerpt":"On-going construction of Gateway annex in Ogun State In line with the goal of protecting their field of practice and monitoring the real estate sector, realtors have urged governments to intervene in the area of tightening control and restricting conversion of housing to commercial uses. 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As windows of opportunity, the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Laghouse45.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/laghouse45.jpg?fit=412%2C232&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=3233"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/3234"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}