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Re: The First Nairaland Inspired Real Estate Project by kolamilan(m): 7:11am On Dec 18, 2013
Orders for 5000 bags of popcorn and 200 cartons of coke lets get it going.
Re: The First Nairaland Inspired Real Estate Project by pickabeau1: 7:51am On Dec 18, 2013
Gboliwe: Reminds me of Wunmi Allen undecided
hahaha.. u remember... shopclue?.. classic
Re: The First Nairaland Inspired Real Estate Project by CasaGrupo: 8:09am On Dec 18, 2013
Launching soon to provide professional and legal solutions for real estate funding.


www.CasaGrupo.com
Re: The First Nairaland Inspired Real Estate Project by Missktinz: 1:48pm On Dec 18, 2013
[quote author=Junapril][/quote]

In as much as I like the idea, I feel you need to take a step back and be realistic. I'm not being negative but on a more serious note, you need to have a more solid plan. Before anyone can be cajoled into investing 50million naira into a business, it's got to be solid. Few things to consider:

1. You have no mentions here of your business plan (A solid business plan not just something on pen and paper). How do you plan to proceed? what types of partnership are you open to? How much experience do you have in this field? If you are hoping to get 50million from me (assuming!), you need to show me that you have the capacity to handle a billion naira venture which means you should have handled a similar (not necessariliy billions, could be hundreds of thousands) projects successfully in the past.

2. What's in it for a would-be investor. If I were to partner with you, you definitely need to have something to offer. I would not invest 50million in a business where my partner only offers 1million naira. It doesn't have to be monetary, you just need to be able to put something on the table before we can qualify to be partners!

3. You mentioned you have a lawyer. How far with the legal procedures have you gone? Getting properties in Lagos is not small business. There are many issues to consider; Fraud, Legal battles etc. This is VERY VERY important in any properties business especially a "multi-billion naira" one at that.

4. How commercially viable is this land in question? Because it is located in Lekki does not mean it is! What is the ROI? Did a land surveyor verify that the land is actually worth the selling price?


I could go on and on, but just felt like sharing a bit of these with you. The thread caught my attention and personally I feel it's a fantastic plan if planned properly but, on the other hand, It could go deep down south if careful thoughts are not put into it. Dreams can become reality only if due diligence and proper efforts are put into them.

Once you have answers to these questions thought out carefully, then you can proceed to get investors.

6 Likes

Re: The First Nairaland Inspired Real Estate Project by emmadejust(m): 4:43pm On Dec 18, 2013
every thougth has the potential to become a physical thing .

every goals is attainable if action plans and execution is taking


the application of knowledge and skills is power


men are not paid for what they know but what they render as services,product etc



OUR FAITH, OUR REALITY IN LIFE.
Re: The First Nairaland Inspired Real Estate Project by Ryda(m): 8:30pm On Dec 18, 2013
kolamilan: Orders for 5000 bags of popcorn and 200 cartons of coke lets get it going.
Re: The First Nairaland Inspired Real Estate Project by Junapril(m): 4:56am On Dec 19, 2013
Missktinz:

In as much as I like the idea, I feel you need to take a step back and be realistic. I'm not being negative but on a more serious note, you need to have a more solid plan. Before anyone can be cajoled into investing 50million naira into a business, it's got to be solid. Few things to consider:

1. You have no mentions here of your business plan (A solid business plan not just something on pen and paper). How do you plan to proceed? what types of partnership are you open to? How much experience do you have in this field? If you are hoping to get 50million from me (assuming!), you need to show me that you have the capacity to handle a billion naira venture which means you should have handled a similar (not necessariliy billions, could be hundreds of thousands) projects successfully in the past.

2. What's in it for a would-be investor. If I were to partner with you, you definitely need to have something to offer. I would not invest 50million in a business where my partner only offers 1million naira. It doesn't have to be monetary, you just need to be able to put something on the table before we can qualify to be partners!

3. You mentioned you have a lawyer. How far with the legal procedures have you gone? Getting properties in Lagos is not small business. There are many issues to consider; Fraud, Legal battles etc. This is VERY VERY important in any properties business especially a "multi-billion naira" one at that.

4. How commercially viable is this land in question? Because it is located in Lekki does not mean it is! What is the ROI? Did a land surveyor verify that the land is actually worth the selling price?


I could go on and on, but just felt like sharing a bit of these with you. The thread caught my attention and personally I feel it's a fantastic plan if planned properly but, on the other hand, It could go deep down south if careful thoughts are not put into it. Dreams can become reality only if due diligence and proper efforts are put into them.

Once you have answers to these questions thought out carefully, then you can proceed to get investors.

As much as i dont want to derail this thread, i think its so nice for you to take out your time to bring out all this points of yours, funny thing is in few days to come you would have realised how far we have gone with this project and the stories i'm sharing now are the things that happened few months ago. We actually met so many people that raised EXACTLY the same questions of yours and even more. An old friend of mine who is a consultant, the M.D of Accenture also pointed out most of this points which made us address all these issues but in few days to come you will find answers to these questions.

Secondly, not that i have come to nairaland to actully come and seek for funds or advertise, i'm here to let my people understand and be part of this success story. I have been inspired by alot of people starting from SEUN OSEWA to SPYDER, IHEBROOKE, SKIMANSKI, CHEKITAUT, SEGCYMORE, AVENTURES, BRABUS, JARUS to mention a few of them. So, if you follow this thread, you will realise that most people that we approach are guys we have worked for in the past, and no doubt, if we did not deliver properly you dare not go back to them for any favour. As a matter of fact, a client of mine who is at a top position in SHELL first made me realise that if i could come up with an estate plan they will be willing to buy into it, that was as far back as 2011. So, i have a lot of clients that i have worked for and we share a cordial relationship.

Apart from individuals, which holds key positions in telecomunication industry, consultancy and oil and Gas companies i have worked as a contractor for alot of top Construction companies in Nigeria starting from COSTAIN WEST AFRICA, BRICK HOUSE CONSTRUCTION (that builds almost all protea hotel in Nigeria) CONTEMPORARY GROUP (the consultant at the Delta state international airport, built Nigerian Law School at Enugu and presently renovating all Globacom offices in Nigeria). I have Clients in Mobil, Shell, Cheveron, Total, oando as a matter of fact a lady at Oando is one of our Directors.

We will also like to welcome as much people as possible but it has to be strictly serious minded individuals,so dont feel offended if i'm quite reluctant to answer some requests. We have a business plan prepared by one of the most recognised individual in the prestigious LAGOS BUSINESS SCHOOL and works for top shots like Professor PAT UTOMI tailored in line with our dreams and direction as a company and also an Investment proposal which was prepared by us and reflects all issues as far as this project is concerned. So, if you get to see the the proposal, then you would realise how far we have gone.
You can call 08029522058 or email;NSPDLTD@gmail.com. We would know where to go grom there. Thank you and God Bless.

1 Like

Re: The First Nairaland Inspired Real Estate Project by Junapril(m): 5:34am On Dec 19, 2013
from that day he stopped picking our calls except when he has something to discuss about his house and i just laughed because i knew it wasnt going to be a smooth ride.

So, the second person we approached is a Mechanical Engineer client of mine who owns an Oil and Gas company that specialises in oil exploration and have staffs and engineers working in almost all producing companies in the world. A wonderful man and a father figure, when i met with him (without any document) and i told him about the estate, he asked me to bring in the brochure that he will be willing to purchase and will make some if his friends to buy also and some of their off-shore enigineers, but i made him realise that we are not selling yet as we wouldnt sell what we have not possessed, we need to agree with the land owners first and pay the down payment to allow us forge ahead with the brochure printings and all other necessary things. Eventhough, some people adviced we go ahead and print brochures to get funds to get on site and if plans changes we can relocate them to another site which we outrightly declined as the company's watchword is PROFESSIONALISM, INTEGRITY & VALUE. So obviously, he is interested in purchase and not investing as he likes to purchase outrightly because he is not good having exra ties with people. This i know about him because he is a perfect gentleman to the core.

So, after the visit to the second person, we concluded our proposal which depicts our intentions, vison, mission, Our Team, Risk Factors, Comparative analysis, The Project, Investment opportunities, investment analysis and modalities, exit strategies, project metrics and financial forecast and finanical analysis.

After so much thought, we decided to have an investment forum/stakeholders meeting which will allow all stake holders to be able to meet in a room with all materials in place and the facilitators sitting next to each other with the prospective buyers and mortgage bankers to enlighten people about the project and will also allow people that doesnt know how to go about securing a home without cash that there are mortgage plans by the government targetted at low/middle income earners as these are our target markets. This forum would be able to answer all querries by everyone and allow all stake holders to have an insight into the projects and all questions would be answered right there. So, i call on a friend on nairaland, a wonderful architect to start work on designs and models for a closer perspective of the estate development which he did and came out so beautiful.

3d of the pent House to be sold at N10.5m inserted underneath:
Have to rush for prayers. to be continued

Re: The First Nairaland Inspired Real Estate Project by DUNKA(m): 5:37am On Dec 19, 2013
Junapril:
As much as i dont want to derail this thread, i think its so nice for you to take out your time to bring out all this points of yours, funny thing is in few days to come you would have realised how far we have gone with this project and the stories i'm sharing now are the things that happened few months ago. We actually met so many people that raised EXACTLY the same questions of yours and even more. An old friend of mine who is a consultant, the M.D of Accenture also pointed out most of this points which made us address all these issues but in few days to come you will find answers to these questions.

Secondly, not that i have come to nairaland to actully come and seek for funds or advertise, i'm here to let my people understand and be part of this success story. I have been inspired by alot of people starting from SEUN OSEWA to SPYDER, IHEBROOKE, SKIMANSKI, CHEKITAUT, SEGCYMORE, AVENTURES, BRABUS, JARUS to mention a few of them. So, if you follow this thread, you will realise that most people that we approach are guys we have worked for in the past, and no doubt, if we did not deliver properly you dare not go back to them for any favour. As a matter of fact, a client of mine who is at a top position in SHELL first made me realise that if i could come up with an estate plan they will be willing to buy into it, that was as far back as 2011. So, i have a lot of clients that i have worked for and we share a cordial relationship.

Apart from individuals, which holds key positions in telecomunication industry, consultancy and oil and Gas companies i have worked as a contractor for alot of top Construction companies in Nigeria starting from COSTAIN WEST AFRICA, BRICK HOUSE CONSTRUCTION (that builds almost all protea hotel in Nigeria) CONTEMPORARY GROUP (the consultant at the Delta state international airport, built Nigerian Law School at Enugu and presently renovating all Globacom offices in Nigeria). I have Clients in Mobil, Shell, Cheveron, Total, oando as a matter of fact a lady at Oando is one of our Directors.

We will also like to welcome as much people as possible but it has to be strictly serious minded individuals,so dont feel offended if i'm quite reluctant to answer some requests. We have a business plan prepared by one of the most recognised individual in the prestigious LAGOS BUSINESS SCHOOL and works for top shots like Professor PAT UTOMI tailored in line with our dreams and direction as a company and also an Investment proposal which was prepared by us and reflects all issues as far as this project is concerned. So, if you get to see the the proposal, then you would realise how far we have gone.
You can call 08029522058 or email;NSPDLTD@gmail.com. We would know where to go grom there. Thank you and God Bless.
I pray and trust that BRABUS who you mentioned as an inspiration is not a part of this project! grin. I rest my case
Re: The First Nairaland Inspired Real Estate Project by lachona(f): 8:14am On Dec 19, 2013
smiley[i][/i] .....am very impressed with dis .....
Re: The First Nairaland Inspired Real Estate Project by checkfidel: 8:43am On Dec 19, 2013
Good thinking,good product.
Re: The First Nairaland Inspired Real Estate Project by Nobody: 8:58am On Dec 19, 2013
checkfidel: Good thinking,good product.

toyota.
Re: The First Nairaland Inspired Real Estate Project by kopell: 5:15pm On Dec 19, 2013
@junapril, May I ask where is the exact location on monotesy Rd do you and your partners have these estate. I have a lot of queastion about hundred of acre of land own by omonile around that area. I new these because I and my partners as similar project in the say location which we where issued allocation letter since 2008 and paid all fees over 70millon for the multiple agency's that where involve in the prosidure of govement PPP program, mind you those fees where paid
Since 2010. We still waiting to be issued our globa C of O. Am in Lagos 3weeks ago on the same matter, on that same location. To my believe the only person that as that large land
At location is OBA of Lagos OBA AKINOLU, and him self do not have hundreds of acres I believe he as about 20 acre or less. More to come later.
Re: The First Nairaland Inspired Real Estate Project by Junapril(m): 5:42am On Dec 21, 2013
kopell: @junapril, May I ask where is the exact location on monotesy Rd do you and your partners have these estate. I have a lot of queastion about hundred of acre of land own by omonile around that area. I new these because I and my partners as similar project in the say location which we where issued allocation letter since 2008 and paid all fees over 70millon for the multiple agency's that where involve in the prosidure of govement PPP program, mind you those fees where paid
Since 2010. We still waiting to be issued our globa C of O. Am in Lagos 3weeks ago on the same matter, on that same location. To my believe the only person that as that large land
At location is OBA of Lagos OBA AKINOLU, and him self do not have hundreds of acres I believe he as about 20 acre or less. More to come later.

Kopell, thank you for those pointers, just like I said earlier this is just step I took, where it has gotten us to, you wldnt know until the estate finally starts running.

.............. So, I called on an architect, a nairaland of mine and he came up with some fantastic designs. We wanted to have a stake holders meeting/ investment forum at the Prestigious Intercontinental Hotel, my wife is an event planner, so she looked round all the hotels and event centers around, from Intercontinental to Civic center, Oriental Hotel, Eko Hotel and the likes so, we decided to choose Intercontinental Hotel because its the newest, and first five star hotel in Nigeria. So many people might come just to feel the new atmosphere which would give us the chance to sanitize them about this great development. We want to be an international brand with great services but affordable to everyone. The entry will be free for all invited guests, we would have the opportunity for the project manager and contractors to be viewed, there will be electronic scrollers and animation displays of our dream estates. We wanted to have the baale or the oloriebi of our choice of location to be present and also the chairman of the local government so that all investors and partners would be clear on issues.

So, we decided to have an option B for the site location, our reliable agent got another location in a place close to The Lagos business School, a nice terrain but with a lesser plot of 20 acres, with the title of a global C of O on Agriculture but the owners are working on conversion to Residential development, we also went for the search and found out all we have been told is true. So, we already have a plan B, eventhough, it is smaller compared to our dream estate but we felt it might not be a bad starting point if we have to fall back on it. It will be a cute estate of about 250 homes, not too much crowd on a 20 acre plot of land. So we started negotiating for that again, so we found out that the land belongs to some serving Military guys, we felt a bit more comfortable with the owners and thought we might not be having problems with these guys as compared to the Omoniles. Days after, we made some further investigation into the first land of about hundred of acres and we found out that the Omooniles do not have that much of land in that area anymore, All their plots have been sold out and that there is even a great dispute on the land. We were disappointed but still went ahead to make further search on the land, it all came down to the same thing. So, we decided to pursue our newly found cute 20 acre plot of land that we already did the search on and feels more comfortable with the owners.
Meanwhile, efforts were still ongoing in searching for funds.
....... To be continued
Re: The First Nairaland Inspired Real Estate Project by kopell: 6:49pm On Dec 21, 2013
Good luck,@junapril am one of those people who loves people with dreams and creative ideas to become a reality. My advice to you, just like I had advices Wumi Allen when she came from USA with her brilliant Idea, very motivated to mobilize people to buy in to her idea without having money her self to invest in her own idea. It is very difficult to convince people to invest in ideas that has higher rates in terms of projects like yours in our present society. It's very difficult to find authentic standard procedure to acquire lands in Nigeria especially in Lagos with that magnitude of the amount of money that will be involved in a lucrative business like that. I will be more than happy to see you as a brain behind the idea to put at least 45% of the total amount that is involved, then I can be encouraged, now that you have committed yourself financially in the project not trying to source from people that already have one or two houses there selves.

In that particular location at monastery road, from the information that I have which can be verified in the surveyors general office in alausa there are at least 3 Lagos state estates that has been air marked for. Namely Grandview estates 25,19 hectares, Idera City 11,29 hectares, Sangotedo court 1,319 hectares of land etc. just to mentioned few, these do not include all small estates that as 5 to 15 hectares along right and left of the road. The other larger land owner on that location is at the front of that right turn by the bus stop which is jokotade. I believe they have about 120 hectares, if you have being there recently you will see that the had stated to work on their land. Please don't let this discourage you in pursuing your dream in that direction, am only saying this to alert you that the journey is not an easy one, without huge amount of money in your bank account from my experience.

2 Likes

Re: The First Nairaland Inspired Real Estate Project by Chekitaut: 7:27pm On Dec 28, 2013
Home, wonderful Home...10m, Is CHEAP. Grab yours now while stock last. Fist class finishing, Quality building materials, experience skilled workers(Nairalanders). Mission: Own a Home
Re: The First Nairaland Inspired Real Estate Project by Beulah09: 8:14pm On Apr 08, 2015
How far with this estate?
Re: The First Nairaland Inspired Real Estate Project by atikuman(m): 11:24am On May 25, 2015
Yes...how far with the estate
Re: The First Nairaland Inspired Real Estate Project by Nobody: 1:39pm On Dec 04, 2015
?
Re: The First Nairaland Inspired Real Estate Project by mavverick: 2:49pm On Dec 04, 2015
My own thought, forget trying to build anything for anyone to sell.

Get a good location.
Secure the title.
Sell only plots and you can reserve some for yourself for home construction.
You will be surprised how it will take off and how people will sort themselves out.
Re: The First Nairaland Inspired Real Estate Project by nigeriancuban: 6:59am On Dec 05, 2015
I was here!
Re: The First Nairaland Inspired Real Estate Project by cbravo3: 12:36pm On May 09, 2017

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