Real estate is one of the most stable and profitable ways to invest, but it’s crucial to make the right moves, especially when it comes to land acquisition and development.
Here are some of the critical steps and processes to follow:
- The first step is finding the right land to buy and build on. When choosing a location, consider accessibility, proximity to key infrastructures, and potential for growth. Areas with ongoing developments, like the Dangote Refinery and Lekki Free Trade Zone, offer great promise for both immediate returns and long-term appreciation.
- Next, ensure you have a clear understanding of Lagos’ land laws and environmental guidelines. It’s essential to verify that the land has proper documentation, such as a Certificate of Occupancy (C of O), and meets all zoning regulations. Due diligence will help you avoid pitfalls like buying land in government-restricted zones or flood-prone areas.
- Lastly, but not the least, the land use plan. It is essential that you know what use pattern is the land your buying is zoned for because purchase. In Lagos State, government lands are designated for different uses like residential, industrial, commercial,agricultural, mixuse, etc. You could face serious restrictions and / or huge penalties in cash and kind on your planned developments if the land is not meant for the purpose you intended.
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if you’re looking for a secure and well-planned investment and searching for locations that guarantee a high return on investment today in Nigeria. Consider the government allocated landed properties in the Dangote LFTZ axis offered by Heritage Homes.
These properties come with the necessary approvals and are situated in a prime location with immense growth potential. Ready to make your next real estate move? Contact Heritage Homes today to secure your investment in one of Nigeria’s fastest-growing areas!
