Close Menu
Casefile Nigeria
    Facebook X (Twitter) Instagram
    Trending
    • Court Orders Substituted Service Of Form 48 On Lagos Attorney-General Over Abule-Ado Chieftancy Matters
    • Lawyer’s Absence Stalls Trial Of Former AMCON MD, Ahmed Kuru
    • Jehovah’s Witnesses Return to Daluwon For “Pure Worship!” Convention Series Starting May 16
    • CRAN Elects New Executive Team To Lead Crime Reporters Association Through 2028
    • Traditional Ruler Of Igbooye Joins Esteemed Epe Council Of Obas And Chiefs
    • ECOWAS Court Dismisses Human Rights Lawsuit Against Nigeria Challenging Vagrancy Laws
    • NOA Commends JAMB For Acknowledging Errors In 2025 UTME, Highlights Commitment To Transparency In Education
    • Businessman Moruf Gbadamosi And His Company Docked For Alleged Fraud
    • Home
    • About Us
    • Contact us
    Casefile NigeriaCasefile Nigeria
    Subscribe
    Monday, May 19
    • Home
    • Human Rights
    • Politics
    • The Judiciary
      • From The Court
    • Health
    • Sport
    • Opinion
    • Entertainment
    Casefile Nigeria
    Home»Article and Opinion

    Places Where Real Estate Is Booming In Lagos

    Funke BusariBy Funke BusariJuly 31, 2022 Article and Opinion No Comments5 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Dennis Isong

    Lagos has become a place where real estate is making a significant difference.

    The sector keeps surviving the bad economy year in and year out.

    The effect of the pandemic still lingers even after a year and some months.

    Nonetheless, the real estate business is still standing tall.

    If you don’t know your way, it’s crucial to ask people that have been there. Buying land is good but buying in a place where you are sure to get a huge return of profit is better.

    Lagos is a city where real estate is highly profitable and can bring you a fortune.

    However, there are some places real estate investors should look out for more.

    These areas will be highlighted in this article.

    1. IBEJU-LEKKI

    Despite the land being cheap in Ibeju-Lekki, it still sells faster than any other location in Lagos. Land in Ibeju Lekki sells between 3 million to 20 million depending on the location and title of the land. You can make inquiries concerning that.

    If you are a player in the real estate sector and you don’t have land yet in Ibeju Lekki, then you are missing out because that’s where the money lies.

    Ibeju-Lekki is one of the LGAs for planned Lekki City. With the actualization of the blueprint, Ibeju Lekki is expected to become a central hub for business, manufacturing, warehousing, and logistics. With these developments, there will be an increase in commercial activities in the area which help in job creation and enhancement of booming business activities.

    In Ibeju Lekki, there are ongoing and proposed industrial developments such as the Dangote Refinery which is expected to be the world’s biggest single-train facility and is estimated to cost 9bn dollars. It covers a total area of 2,635 ha on the Lekki Lagoon, enabling easy shipment of refined petroleum products to international markets. The refinery is expected to double Nigeria’s refining capacity, largely to accommodate the pressing demand for fuel and export to foreign markets in and out of Africa. A fertilizer plant is also included in the refinery complex, to fully utilize the raw materials released from the refinery.

    Also, there is the Lekki International Airport project which was initiated to lessen the pressure on the Murtala Muhammed Airport (MMIA) IN Ikeja.

    The master plan of the new airport shows that it’s designed to cater to wide-body, double-deck, and four-engine aircraft with the capacity for up to 500 seats.

    For a start, the Airbus A380 is expected to carry two million to five million passengers per annum with prospects of expansion to cater to the increasing aviation needs of the rapidly developing Lekki area and its environs.

    It has also tourist attractions and parks which include LUFASI nature park which keeps some widely known endangered species and Lekki Conservation Center which has one of the best overhead walkways in the world.

    2. ORCHID ROAD, LEKKI

    Do you know that there is a place in the Lekki axis where top property developers now play big when it comes to housing development?

    Orchids Road is one of the busiest roads, full of real estate activities. It’s one of the longest roads on the Lekki axis. Orchid is opposite the popular housing estate of Lagos billionaire, Chief Rasaq Okoya, called Oluwa Ni Nsola Estate.

    Also, the winner of Big Brother Nigeria, Mercy Ekeh bought her house (Victoria Crest Homes). Having a huge brand like Mercy Eke buying a property there has further exposed the area.

    You can also find another big estate on that road which is Cooplag Estate, owned by Shell Nigeria. It’s an estate developed to house the staffers of Shell Nigeria. It’s situated after the second toll gate if you are coming from Lekki Phase 1.

    The bus-stop leading to this road (Orchid) is called Eleganza Bus Stop.

    Presently, a plot of land on this road goes high as 50 to 60 million and these have become another destination where big guns in the sector choose their ideal location.

    It’s a place Nigerians living abroad can put into consideration when investing in property in Nigeria.

    3. SANGOTEDO

    Sangotedo is a town buzzing with so much real estate. Currently, a plot of land in Sangotedo is as high as 30 million naira and above.

    One of the key attractions of real estate players in that area is because of Novare mall which houses one of the most popular retail malls in Africa, Shoprite. And that mall is the biggest in Nigeria in terms of the Landmark.

    Real estate companies have one or two properties there as of today. Sangotedo is one of the prime locations to do business for any real investor or a potential buyer.

    Sangotedo town is 10 minutes drive from Ajah and closer to Lagos business school. It’s a developed area and almost all the land in the area has been fully booked.

    4. OGOMBO ROAD, AJAH

    One of the hottest locations in Lagos where the real estate business is booming is Ogombo road. There are many top real estate companies on this popular road.
    Ogombo is a town after Ajah. It’s a five-minute drive from Ajah roundabout, also known as Abraham Adesanya Road.

    A plot of land on this road now is around 30 to 50 million naira. Presently, a lot of big guns in the sector have made the place a business place to be.

    These places mentioned should be worked toward when investing in Lagos.

    Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Follow him on Youtube https://www.youtube.com/landpropertyng,Email [email protected] or Whatsapp/Call +2348164741041

    Funke Busari

    Keep Reading

    Global Praise And Worship In Memory Of Tbjoshua’s Landmarks -Dare Adejumo 

    The Burden Of A Nigerian Technocrat In Public Office

    The Real Origin Of Valentine’s Day

    21 Things About Proposed Fourth Mainland Bridge

    Achieve Your Property Goal In 2024

    Why Nigerians Should Give Betta Edu A Second Chance

    Add A Comment
    Leave A Reply Cancel Reply

    • EDITORS PICKS

    Security Guard, Friend Docked For Allegedly Raping Girl 14

    May 7, 2025

    Lagos Court Sentences BRT Bus Driver, Andrew To Death Over Bamise’s Killing, Multiple Rape

    May 2, 2025

    Police Arrest 8 Suspects Over Cult Related Killings In Lagos

    April 30, 2025

    Lagos Court Jails Two Men For Sexually Assaulting Boy 16

    April 30, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    EPOST

    Court Orders Substituted Service Of Form 48 On Lagos Attorney-General Over Abule-Ado Chieftancy Matters

    May 19, 2025

    Lawyer’s Absence Stalls Trial Of Former AMCON MD, Ahmed Kuru

    May 19, 2025

    Jehovah’s Witnesses Return to Daluwon For “Pure Worship!” Convention Series Starting May 16

    May 18, 2025

    Type above and press Enter to search. Press Esc to cancel.