{"id":7156,"date":"2017-11-20T04:17:13","date_gmt":"2017-11-20T04:17:13","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/developers-call-for-regulation-of-industry\/"},"modified":"2017-11-20T04:17:13","modified_gmt":"2017-11-20T04:17:13","slug":"developers-call-for-regulation-of-industry","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/developers-call-for-regulation-of-industry\/","title":{"rendered":"Developers call for regulation of industry"},"content":{"rendered":"

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Executive members of REDAN made this call during a courtesy visit, to the managing Director of Nedcomaks properties Dr. Kennedy Okonkwo recently. Acknowledging their presence, Dr. Okonkwo said that it is quite saddening that the government sees developers as wealthy people, hence little attention is paid to the sector.<\/p>\n

\u201cReal estate needs to start getting financing from the government like some other industries too. This collaborative effort will go a long way to ease the burden of sole developing. We should also engage more stakeholders and get them involved in policy making.<\/p>\n

\u201cREDAN is managed by qualified and capable people, yet we need to bring more people on board as big things can be achieved with big numbers. Issues are the same everywhere and a well-structured association can thrash the issues and make headways,\u201d he said.<\/p>\n

While lamenting on the bureaucracies involved in getting the necessary approval for construction, the association said that the government also comes up with different policies without due consultation. With some of the policies making it difficult for their association and its members, they request that the government be more attentive and ensure due consultation before developing a policy on real estate.<\/p>\n

According to barrister Taiwo Ogunbodede of Cross and Churchill Limited who led the delegation he said that unregistered members should not be allowed to practice as developers in the country to improve professionalism. \u201cThe major causes of collapsed buildings in the country is as a result of unqualified personnel, currently about six buildings have reportedly collapsed in Lagos.\u201d<\/p>\n<\/article>\n

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Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Real Estate Developers Association of Nigeria (REDAN) in South West Region has called on the federal … Developers call for regulation of industry<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6546,"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":[2890,1398,684,522,41,818,84,15282,15307],"class_list":["post-7156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-developers","tag-lagos","tag-nigeria","tag-property","tag-real","tag-real-estate","tag-ross","tag-ulta"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Real-Estates.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6267,"url":"https:\/\/amazingproperty.com.ng\/blog\/50-firms-gear-up-for-lagos-summit\/","url_meta":{"origin":7156,"position":0},"title":"50 firms gear up for Lagos Summit","author":"Amazing Property","date":"September 18, 2017","format":false,"excerpt":"Real estate Over 50 leading Nigerian companies and counterpart firms from the UK, Ghana, South Africa and UAE are some of the organizations that would participate at the 2nd Nigeria Real Estate Summit and Expo to be held in Lagos. 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Shola Bello, managing Director,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":" real estate","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/08\/Real-estate-blog-in-Nigeria.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6844,"url":"https:\/\/amazingproperty.com.ng\/blog\/spate-of-building-collapse-and-the-insurance-industry\/","url_meta":{"origin":7156,"position":2},"title":"Spate of Building collapse and the Insurance Industry","author":"Amazing Property","date":"October 31, 2017","format":false,"excerpt":"By Funmi Babington-Ashaye, In the last twenty four months, more than fifteen incidents of collapsed buildings have been reported across the country with high human casualties. 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