The recession presents an ample opportunity for Nigerians to invest in real estate. This is because in every adversity, there is an opportunity. This is the submission of the Managing Director of Richlife Estate and Gardens, Mr. Bankole Oluwaseyi.
Oluwaseyi told The Nation during the sixth Richlife Mega Promo and Empowerment Summit in Lagos at the weekend, that investing in real estate had gone beyond building and living in one’s personal home. This, he said, was why his firm is encouraging people to real estate like acquiring land for long term dividend.
“Every individual should endeavour to own a property and invest in real estate; there is no need to wait on government because housing for all cannot be guaranteed by government. Such investment guarantees an assured return in no time,” Oluwaseyi said.
The firm’s Executive Director, Administration, Mr. Sunday Ezekiel, explained that aim of the empowerment initiative of the company is to open the eyes of Nigerians to the opportunities in real estate. For him, Nigerians need to take the bull by the horn and secure their future through investment in the real estate sector.
“The moment you do this, then you are assured of a definite return on investment. If you buy an iPhone 7 today, the value has depreciated immediately you take it out of the store; but for real estate, the value can only go up,” Ezekiel said.
This thinking, Ezekiel said, informed the intervention of the firm to proffer solutions for Nigerians desirous of owning their own homes. Ezekiel explained that one of the ways the firm is doing this intervention is by going into places where people don’t think can be developed and buying large expanse of land, cutting into several plots and start developing. These plots, he emphasised, are then sold at reduced price. “Somebody has to decide that he wants to solve his own housing problem by saving money monthly or contacting us to work out a flexible payment option,” he explained.
Executive Director, Marketing, Mr. Oladunni Adeyemi, explained that the firm is able to assist Nigerians by simply reducing the costs that is associated with house ownership. Some of these costs, he said, are things that the firm has looked for a way to average it. For instance, to process the documentation of a land is undertaken by the firm. Equally, the problem of land grabbers (known as Omo onile) has been taken care of by Richlife; hence, a prospective buyer has nothing to lose sleep over.
Adeyemi said Richlife offers the cheaper land in the country ranging from N100, 000 to N10 million. Besides, he said its flexible payment system is unbeatable anywhere in the country. “We are very flexible with our payment structure. When there is a default on the part of our customer, we still try to restructure the payment for them,” he explained, adding that empowering the people to own properties is the focus of their operation, including providing solution to housing deficit challenges, having known that the land mass is not increasing but population of people is increasing. The properties, which are basically in Lagos and Ogun states, are located in Ibeju-Lekki, Atan, Abeokuta.
At the end of the summit, two people won a plot of land each. The winners commended the organisers of the event.