Adron Homes, Lekki County, Anchor, 173 other estates illegal -LASG

Subscribers to 176 estates in Lagos got shocking news yesterday from the state government. The projects into which they had invested fortunes are illegal, the government said.

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‎Developers of the estates have three weeks to perfect their documents, failing which they risk being sealed off.

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‎The estates, predominantly located in the fast-developing Eti-Osa, Ajah, Ibeju-Lekki and Epe axis of the state, were said to have been built without approvals.

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‎The Ministry of Physical Planning and Urban Development asked the developers to take advantage of the 21-day window to process “layout approvals” or risk having the properties sealed.

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‎But the Real Estate Developers Association of Nigeria (REDAN) – the developers’ umbrella body – criticised the action, saying the government acted in bad faith.

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‎REDAN President Akintoye Adeoye said: “The government is de-marketing the businesses involved by labelling them as unauthorised developments and issuing a threat of shutting them down in 21 days if they fail to comply.

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‎‘”This action can cause a run on the companies and also send shock to the market. This is not good for business at all.”

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‎Some of the estates, according to a statement yesterday by Permanent Secretary, Office of Physical Planning, Oluwole Sotire, are: Adron Homes, Elerangbe; Achor Homes, Elephane; Lekki County Homes, Ikota; Paragon Terraces, Abraham Adesanya, Ajah; Prime Water View Estate, Lekki Phase I; Westwood Park Estate, Phase I; London Park Phase II, Eleko; Aina Gold Estate, Okun-Folu; Diamond Estate, Eputu; Prime Water View Garden, Ikate Elegushi; and Royal View Estate, Ikota.

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‎Havilah Villas – Orchid Road, Lekki; Urban Shelter Estate, Ibeju-Lekki; Westwood Park Estate, Phase I, Ajah; Beach Front Garden, Akodo; Cedarwood Boulevard Estate, Okun-Ajah; Courtland Villas, Sangotedo; Shelter Estate, Eleko and Delight Estate and Resort, Off Epe-Itoikin Road.

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‎Sotire explained that the developers of the estates compromised the sustainable development ethos and the T.H.E.M.E.S+ Agenda of the state government by operating without approved layouts.

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‎The permanent secretary clarified that the action was not only a routine function of the ministry, but in line with its mandate to regulate the development of public and private estates in the state through the processing and granting of layout approvals to foster a resilient smart city.

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‎He also emphasised the importance of all developers and real estate practitioners registering with the state Real Estate Regulatory Authority (LASRERA), a body responsible for regulating, coordinating, and monitoring real estate practitioners.

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‎—TheNation

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