Developer urges building process standardisation, targets 200 homes
Lagos-based developer firm, Messrs GMH Luxury Homes, has urged the government to remove bottlenecks militating against effective housing delivery.
The firm also called for easy access to land titles and registration through improved digitisation.
The company’s Chief Executive Officer, Mr. Ayoolanrewaju Joseph, who spoke to journalists in Lagos, said that the inefficiency of some personnel in the public sector hinders the timely processing of property documents, which in turn impact housing delivery.
He said: “The bureaucracy created around planning permission, building regulations and certificate for completed projects have encouraged corruption.”
“A colleague in the United Kingdom told me that you don’t have to submit a physical copy of the planning permission, what they do is to send it by email, they respond to them by email and you get the planning permit by email too. You don’t have to meet the council engineer or the architect.
“Under 48 hours, they have their permit and move on, but here your permit could be held for six months and if you have gotten a loan facility for 24 months, you have to consider the economic cost of your fund, do the needful and move to site. Everything should be standardised here,” he said.
Joseph emphasised that government needs to embrace full digitalisation of planning approval, sanitise the system by emulating practices of the private sector in enforcing standards and providing quality services.
According to him, government policies have to be friendly for the real estate sector to thrive. He lauded the Lagos State Government for improving the sector but called for more sanity, especially reducing monopolies created around the public sector.
Ayoolanrewaju disclosed that by December the firm would have delivered over 60 units of luxury homes, adding that by 2024, it targets 200 quality housing units
Also speaking, a partner in the firm, Mr. Dapo Olaiya, and Head, Sales, Mr. Okeowo Olasubomi, explained that the idea of luxury homes is to provide value for potential buyers.
He urged investors to invest in real estate. “An apartment in some of our projects is about the size of two or bedroom apartments somewhere else and are well serviced in terms of gardens and other amenities,” Olasubomi said.