To enhance transparency and professionalism in the real estate sector, Gtext Land, a subsidiary of Gtext Holdings, has announced a buy-back initiative in order to address the growing tendency of lumping together reputable developers with unscrupulous ones.

This initiative was announced by the Chairman of Gtext Holdings, Dr. Steven Akintayo during a conference in Lagos recently.

According to him, some individuals who have encountered challenges with dishonest developers are quick to treat well-meaning brands like Gtext striving to reform the real estate industry in Nigeria the same way.

He said: “We face a lot of pressure from some clients who demand immediate buy-backs for land purchased years ago which sometimes resort into threats. More often than not, these clients have not even completed payment. We understand the economic challenges but as a structured organisation with diverse business interests, these demands can strain our system and affect public perception of our company hence any buyer who does not complete payment before January 15, 2025, does not have land with the company and can come for buy-back within 120 working days after returning the original land documents.”