Sanwo-Olu reiterates commitment to enhancing real estate development

Published by

8 months ago

GOVERNOR Babajide Sanwo-Olu of Lagos State has reiterated his commitment to enhancing real estate development in the state.

The governor gave the assurance during the two-day Real Estate Discussions and Awards (REDA) organised by Think Mint Nigeria in Lagos

Represented by the Special Adviser to Lagos State Government on Housing, Barr. Barakat Odunuga-Bakare, the governor highlighted several key initiatives, including the Lagos Rent-to-Own Programme and Home Ownership Mortgage Schemes (HOMS), which aims to provide affordable housing for the residents.

The special adviser emphasised the ongoing efforts to improve infrastructure, such as the Lagos Blue Line Rail, as well as tax incentives that support special economic zones like the Lekki Free Trade Zone.

“Furthermore, regulatory bodies such as the Lagos State Real Estate Regulatory Authority (LASRERA) and Lagos State Environmental Protection Agency (LASEPA) are working to ensure that real estate development in Lagos is both sustainable and investor-friendly,” she said.

During the event, the Chief Executive Officer of Purple Group, Mr. Laide Agboola, was honoured with the prestigious “Real Man of the Year Award”.

Chairman of Ibom Air and the Akwa Ibom Investment Corporation, Mr. Imo-Abasi Jacob, also spoke at the event.

He highlighted the efforts of Governor Umo Eno of Akwa Ibom State in promoting housing and infrastructure development, positioning the state as a prime destination for high-yield investment.

Purple Group, developers of the renowned Maryland Mall, Lagos, celebrated another major achievement at the awards by winning the Property Development Company of the Year (Commercial Category) for their Purple Lekki project.

The Purple Lekki development, located on Freedom Way, Lekki Phase 1, recently received the EDGE Green Building Certification (Excellence in Design for Greater Efficiencies) from the International Finance Corporation (IFC). This recognition was earned due to the project’s impressive 21 percent energy savings, 43 percent water savings, and 41 percent materials savings.