Before making any Payment, These are what you need to know about Ibeju Lekki Lagos. The Commercial Hub of Lagos.
There is no argument about what Ibeju Lekki will turn to in the future. Private and government plans, private estate and all. But at the same time, there are things you need to know before even thinking of investing, buying land and all in Ibeju Lekki of Lagos.
I see most real estate companies don’t talk much of the unforeseen realities of Ibeju Lekki.
Most people don’t want to live there but will still invest in Ibeju Lekki Lagos because Lekki real estate holds huge potential for both cheap and expensive properties.
You can buy properties as cheap as N800,000 to Millions in a very good location within Ibeju-Lekki, Lagos depending on your budget and the location of your desire.
The Commercial Hub of Lagos.
Reasons, why most people consider investing in Ibeju Lekki as the next option of investment, is because you have the Lagos and Dubai Smart city project, Dangote Refinery project – currently ongoing at the moment and it will kick off soon, Ondo State to Ibeju-Lekki 50km road, La Campagne Tropicana Beach Resort, Lekki Free Trade Zone, New Lekki International Airport, Pan Atlantic University, Eleganza Industrial City, Power Cooking Oil Refinery, 2 Golf Courses, Proposed Deep Sea Port, 2 Shoprite Malls, and over 150 gated Estates within Ibeju Lekki, Lagos.
What you Need to Know
Now with all these super industries and estate coming into Lagos, smart investors see these as an opportunity to invest in real estate in Ibeju Lekki, Lagos.
But what most of them don’t know is that Ibeju Lekki lands are mostly government acquisitions land. Most lands you will come across are government acquisitions.
Most upcoming, or today-started-real estate companies thinking they know how a real estate business is run will not tell you anything about this at all because they don’t know it too.
I wrote about Doing Due Diligence in Real Estate. You can click to read
I have met a man who claims he lost over N30,000,000 investing in real estate in Ibeju Lekki, Lagos. Some real estate company who has paid Omo-Onile(Land Grabbers) over 25m in Ibeju Lekki and already regretting transacting business with land grabbers.
Most land in Ibeju Lekki has a document backed by the government which can be government acquisition but these land grabbers won’t tell you. They have the survey only. Of which they are interested in your money and you as the buyer won’t bother to do due diligence of that particular land you want to buy.
I remember a particular time. The company I worked for was trying to secure some acres of land in Ibeju Lekki. We even have a sure direct link and we were shown two good places within Ibeju Lekki to acquire.
With our experience, we asked for a survey and chart up the two places and discovered that it is under acquisition. It even showed what the Lagos state government is planning to do on the same land.
Apart from that, we tried several other places too. Just a few are genuine land
What I can guarantee you if you want to buy any land in Ibeju Lekki is go for land with a survey and certificate of ownership (CofO) authentic title. If not don’t bother.
You will hear some real estate company telling you the land title as Excision in process and Gazette in process or survey in process, this that under process. There are even fake documents to these claim titles. You will even be surprised that some have no paper. Shine your eye!
I will like you to read the Omonilelawyer blog on 10 Most Dubious Places To Buy A Land In Ibeju Lekki-Shine. He shared some tips and places in Ibeju Lekki you shouldn’t try to buy land.
Let’s Wrap Up
Sure Ibeju Lekki is a good place to buy land but you need to shine your eyes before making any payment.
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