Soliu Owoyabu, Abeokuta
Regarding the resent demolition of Houses in Ogun State, the CEO of Crestline Properties Nigeria Limited, Ambassador Samuel Somide has advised the public to know the zoned information about the land they bought before building on it.
Somide gave this advise on Thursday in his lecture tittled ‘Insight On Real Estate and Properties’ at the Medal-links Media Africa Award 2023 held at Valley view, Isale-Igbeyin, Abeokuta, the Ogun State capital.
Somide, while addressing newsmen, he explained that the zoned information about land means what the land is actually meant for by the government, and highlighted the difference types of land zoning Information.
While reacting to the speculations surrounding the real estate investors as agents of money laundering, he stated that Real estate business is not a young business accross the globe, stressing that the integrity of the business has been proofed.
While talking about the recent demolition of Houses in the state, he expressed his displeasure on it, opined that government are not to be blame but the owner of the house who were not care about the information of the land before building on it.
He assured all the prospective customers of Crestline Properties that in the next 5years the firm will be in higher position, concluded that all the necessary infrastructures would be put in place on the firm’s estates before selling out to the customers.
According to Somide “Zoning Information actually means getting information about what a particular portion is zoned/meant for. For instance, we have different zones where we have Agricultural zone; so every land at that particular zone is meant for Agriculture. And we have residential zone which actually means that on this land you can build a house on it, then commercial zone and many others. When you get zoning Information, is telling what you will have in mind; if that particular portion of land or that building actually deserved to be at that particular location.
“The fact is that real estate has been one of the oldest tradition and oldest business in history in the whole world not only in Nigeria. The efficiency of real estate has been proofed over the years.
“Regarding the recent demolition of Houses, it quite so disheartening in seeing that event happening. It is not 100% blame of the state government, and all what we are lacking is due diligence. I want to advise everybody who want to build or buy any land or houses in Nigeria should do the proper diligence; get the proper information of the land or the house you want to buy. Get the zoning information about the land or house you want to get, even if you are buying from Real estate company or from ‘Omo onile’ or in customary place just do proper diligence before buying it.
“As i was thought basically, the fact is that in the next 5years I’m actually going to be a reference point for every real estate investors/real estate in Nigeria. When you want to talk about real estate, I’m actually going to change that what you talk about Crestline.
“My message to our Crestline Properties’ customers is that the first two things you are going to enjoy when you buy land from us is that as you know we are actually one of the Real estates with approved layout. That tells you that when you buy land in our estate, you are sure that there will be no any form of complexest; we have done a whole lot of due diligence on your behalf, and we are also getting a rightful approval from the state government. Second thing is that, 100% of our estates infrastructures are going to put in place. We are actually building a mini City, and what you will just care about is building your house because, we take care of infrastructure development and we are 100% committed to that.
Information is key because what you know no one can take it away from you. Thanks for this informative exposure