How The Blue and Red Light Rail Project Is Transforming Real Estate In Lagos

Two Rail Lines are underway in Lagos, blue line from Okokomaiko to Marina, and red line from Agbado to Marina, so will these change the Lagos real estate landscape?

Obviously, Lagos residents are in dire need of an active rail transport, considering the hectic gridlock of Lagos roads commuters face daily.

Consequently, the pace of work on both rail lines, brings glimmer of hope to Lagosians, but for investors, what does these rail lines present for real estate?

65% of Lagosians live on the mainland, over 70% of those who work in VI to Lekki Phase 1, commutes from the mainland. Therefore, the workforce coming from Mile 2, Festac and those from Ipaja, Agege, Oshodi now have a rail transport alternative to escape the road gridlock.

In terms of real estate market, the border towns around Sango, Ifo, Ijaiye will benefit a lot from the red rail line, some of the residents here work in VI and as far as Ajah. Moreso, an active rail line means corporate workers will add proximity to the nearest train station as criteria when they want to rent a place.