Bennett Oghifo
The Managing Director and Chief Government Officer of Richland Property and Houses Restricted, a Lagos-based actual property growth firm, Dr. Ifeanyi Nwachukwu, has suggested the federal authorities to take away pointless taxes on constructing supplies and tax waivers on some imported objects to stem the hovering development value.
Nwachukwu, who gave the recommendation at a press convention, said that the federal government should “intervene by offering an enabling surroundings for cement producers to provide at a value that Nigerians can afford.”
He stated the price of cement, iron rods, wooden, roofing sheets and different constructing supplies are rising uncontrollably, making it tough to foretell development value and that this might truncate the plans of some builders who should not very sturdy within the enterprise.
“Allow me to say right here that the actual property sector will not be by any means insulated from the challenges thrown up by the rising value of constructing supplies and companies because of the present financial state of affairs within the nation.
“We hope that the federal government would give you interventions that might enhance our efforts to proceed serving to extra Nigerians turn into completely happy owners in step with our imaginative and prescient and mission.”
On funding in actual property, he stated Richland Property and Houses has a venture often known as land-banking that’s designed to offer good returns on the funding of potential owners within the firm’s estates.
He stated, “Landed properties are the one investments that don’t depreciate however preserve appreciating whether or not cared for or not.”
Based on him, “Spend money on land-banking in any of our estates and get nice returns in your funding (ROI) from 20 % (for 12 months) to 65 % (for twenty-four months). What this implies is that once you spend money on a sure sq. metre of land in any of our estates and maintain it for a sure time frame, between 12 to 24 months, we rebuy it from you and pay you each the capital and curiosity.”
Nwachukwu stated, “At Richland Property and Houses Restricted, we create wealth by empowering enterprising people, particularly, younger individuals, whom we’ve got helped to earn passive revenue by means of actual property.
“Via our numerous networks within the business, we assist Nigerians to find reasonably priced properties in quick creating areas throughout the nation, and equally assist them to acquire them. Since we commenced operations, our esteemed shoppers can testify that each property bought from us is one hundred pc protected.
“Consistent with our guiding imaginative and prescient, our shoppers don’t should be moneybags to accumulate any of our properties. We’ve a really client-friendly cost association whereby individuals pays on installments which can be very reasonably priced to many Nigerians. We should hasten so as to add that each one our titles are authorities authorised, starting from registered surveys, gazette, C of O, Governor’s Consent, and many others.
“Individuals have requested us why there’s a giant focus of our properties within the Ibeju Lekki space of Lagos State. As lots of you might be already conscious, Ibeju Lekki is a quickly creating space distinguished by its immense potentials for investments and growth and so is quick turning into a selection space for a lot of enterprising Nigerians to find their properties and companies.
“The world is strategically positioned to learn from varied authorities initiatives and infrastructural developments, such because the Lekki Free Commerce Zone, Lekki Deep Sea Port, and many others., and different industrial initiatives already arising there. The world can also be dwelling to the Dangote Refinery with its huge community of enterprise actions and 1000’s of employees, and equally the a number of ancillary companies that normally spring up wherever petrochemical industries are sited.
“Richland Property and Houses ensures bodily allocation of properties bought from us instantly. In reality, as soon as cost is made, allocation will probably be executed instantly. And what we’re promoting isn’t just any property, however we provide our shoppers commonplace and sensible estates with lovely options.”
