Before December 2011, many people were afraid to purchase lands in Abuja with area council allocation thinking that it will be revoked. But thank God that today directives has been issued to area councils in FCT  to start issuing certificate of occupancy to owners of such lands. So people"s confident can now be restored in the purchase of council lands especially Amac ( Abuja Municipal Area Council) lands. This will in turn reduce the housing pressure in our federal capital and more business opportunities to those of us in the real estate sector. If you need any land or house in Abuja call 08034685623 or taichuzy@gmail.com. I say kudos to the authorities for this smart move.Happy Christmas Nigerians, God Bless you all.
http://www.leadership.ng/nga/search/node/Area%20councils%20now%20to%20allocate%20land.

Source please

You can visit any of the Area councils to make inquiries or wait after the holidays, i will make available a copy of the circular.

Check ur email.

Hi guys, does anyone know the approximate cost of building a block of 12-16 service apartments in Abuja with cost of land in an average neighborhood? And what is the rate of ROI for such an investment? Just a rough idea please.

Sorry guys that i was not able to include the source in my write up but here it is.http://www.leadership.ng/nga/search/node/Area%20councils%20now%20to%20allocate%20land.

jonahoc, it depends on some factors, like the location of the apartment because that will determine the cost of the land. how many rooms are they in the each apartment, the design of the building, finishing too. The Return to investment will depend on the quality of your services, management and advert too. you can email me for further inquiries. thanks

Taich. Yes, my mistake. I meant 3bdrm apartments with a pool and stand-bye generator in an average area like say, gwarimkpa. I'm not very familiar with Abuja. I need just an idea.

The cost of land in Gwarinpa that can accomodate a building of that size will be between 40 to 50 million. then with 5million you can get a 3bedroom apartment. These are just estimates

jonahoc:

Taich. Yes, my mistake. I meant 3bdrm apartments with a pool and stand-bye generator in an average area like say, gwarimkpa. I'm not very familiar with Abuja. I need just an idea.

but i know someone an Estate Manager in Abuja that can help you to do the actual costing.

thanx taich. i'll get in touch when i'm ready.