ESTATE - Marquee

Kolex Properties ...home of real estate investments deals. Call 08082952354, 08022615910, 08022551586

Tuesday, 8 July 2025

How to process excision in progress lands

Processing “Excision in Progress” lands in Lagos is a critical and delicate process that requires legal and strategic steps. These lands do not yet have full government approval for private ownership but are in the process of being excised (released from government acquisition). Buying or regularizing such land requires careful steps to secure legal title.

## ✅ What is “Excision in Progress”?

"Excision in Progress" means:

The community or landowner has applied to the Lagos State Government to release a portion of government-acquired land back to them. Approval has not yet been granted— meaning the land has no legal title yet.
Once excision is approved, it is usually published in the Lagos State Official Gazette, and buyers can then apply for a proper C of O (Certificate of Occupancy).

## 📌 Step-by-Step Guide to Process Excision in Progress Land:

### 1. Verify Current Status at the Lands Bureau

Before doing anything:

* Go to the Lagos State Lands Bureau or Ministry of Physical Planning.
* Ask if the land is:

  * Under acquisition
  * With excision application officially filed
  * Has a pending Gazette publication
* Ask for the **file number or excision reference number** (if available).

> ⚠️ Caution: Some lands have no true excision request filed and sellers just use “excision in progress” to deceive buyers.

### 2. Engage a Property Lawyer

You need a real estate lawyer to:

  * Do a background check on the land
  * Help you confirm the excision file with Lagos State Surveyor-General
  * Review any agreement with the landowners or community
  * Ensure all documentation is authentic

### 3. Negotiate Proper Documentation Before Payment

Ensure the following:

Letter of Allocation from the land-owning family or CDA (Community Development Association)
* Receipt of purchase or land agreement
* Survey plan showing coordinates
* Any previous government correspondence showing excision application (if available)

---

### 4. Start the Regularization Process (After Purchase)

Once excision is granted and published:

* You (or the estate developer) must apply for the Gazette copy showing your plot is included.
Then apply for:

  * **Land information certificate
  * **Charting** (via Surveyor General)
  * **Governor’s Consent or C of O

> If you bought before excision was granted, you need to regularize your documentation to match the gazetted land.

### 5. Apply for C of O After Excision is Granted

After Gazette is published:

* Process the Certificate of Occupancy through the Lagos State Land Bureau.
* Submit:

  * Duly filled form
  * Survey plan
  * Deed of Assignment
  * Passport photographs
  * Tax clearance
  * Proof of payment
  * Gazette reference

## 🚫 Risks of “Excision in Progress” Lands

Unapproved land may never be excised, and you could lose it.
* If excision is denied, land remains under government acquisition.
* High risk of fraudulent multiple allocations.
* Community disputes or family feuds over land ownership.

---

## ✅ How to Reduce Your Risk

* **Do not pay in full upfront — use a payment plan tied to excision progress.
* Only buy from well-known and reputable land-owning families or developers.
* **Physically inspect and ensure you’re not buying in government setbacks (e.g., road expansion zones, pipelines).
* Work with a lawyer, surveyor, and a town planner to protect your interest.

### 📘 Summary Checklist:

| Step | Action                                        |
| ---- | --------------------------------------------- |
| 1    | Confirm land’s status at Lagos Lands Bureau   |
| 2    | Engage a lawyer and licensed surveyor         |
| 3    | Request and verify community-issued documents |
| 4    | Track excision file progress                  |
| 5    | Wait for Gazette publication                  |
| 6    | Apply for land regularization post-excision   |
| 7    | Process Governor’s Consent or C of O          |

Have you invest in Tiara Estate Phase 1
500sqm = N35MILLION initial deposit N6M

Amen Estate Phase 3: 650sqm Corner peace N56M, initial deposit N6M

Lekki Haviation Town
500sqm for N39,999,999

For site inspection whatsapp or call+2348082952354

#lekki #ajah #ikoyi #properties #propertyinvestment #landbanking #realestatetalk #ilorikolawole #ilorikolawolesamuel #kolexproperties #amenestate #land #realestate #landforsaleinlekki #landforsaleinlagos

Saturday, 28 June 2025

Difference between freehold and leasehold land in Lago

In Lagos (and Nigeria as a whole), understanding the difference between freehold and leasehold land is crucial before buying property. Here's a clear breakdown of the two:

🟢 Freehold Land

Definition:
Freehold means **permanent ownership of land. The buyer owns the land outright, including the right to pass it on to heirs or sell it at any time.

Key Features:

* You own the land forever.
* You have full control and rights over the property.
* No rent is paid to the government.
* It's common in areas that are not yet acquired or committed by the government.
* Buyer gets full title rights, subject to land registration and proper documentation (like a C of O or Deed of Assignment).

But:
In practice, true freehold is rare in Lagos due to the Land Use Act of 1978, which vests all land in each state in the Governor’s authority.

🟡 Leasehold Land

Definition:
Leasehold means you are leasing the land from the government (or original landowner) for a fixed period, usually 99 years (or less, depending on what’s left on the lease).

Key Features:

* You don’t own the land permanently.
* The state still controls the land, and you’re just a tenant for a long term.
* After the lease period expires, the land reverts back to the government unless the lease is renewed.
* Most titled lands in Lagos (especially government-allocated lands) are leasehold.
* You still get documents like Governor’s Consent, C of O, or Deed of Assignment.

⚠️ Important Notes for Buyers:

* Always verify the title of the land before buying.
* Many lands are under acquisition or yet to be excised — be cautious.
* Use a real estate lawyer to confirm whether the land is truly freehold or leasehold.
* If leasehold, ask: “How many years are left on the lease?”

Invest in Tiara Estate Phase 1 and thank me later .
Price : N35MILLION, initial deposit N6MILLION for more information and site inspection whatsapp or call +2348082952354

#lekki #lekkiajah #ikoyi #land #landbanking #land #property #invest #investment #landinvestment #nigeriainusa #nigeriainuk #nigeriaincanada #lekkilagos #lagosnigeria #lekkiboys #lekkibigboys #lekkiinvestment #lekkimum #lekkiinvestor.#lekkiceo

Wednesday, 25 June 2025

The 3 Most Profitable Property Types in Lagos Right Now

Here are the top 3 most profitable property types in Lagos right now (mid‑2025):

🏢 1. Short‑let / Short‑term Rentals (e.g., Airbnb-style stays)

Massive revenue boost: Investors in areas like Ikoyi, VI, and Lekki report monthly income of ₦1.5–3 million—around 3–5× higher than long‑term rentals Market momentum: Lagos short-lets grew by 120% in 2024, with daily rates of \$80–300 in prime zones.
Occupancy + pricing agility: Holdings hit 70–90% occupancy, and pricing flexibility during peaks yields strong ROI .

***Best zones**: Victoria Island, Ikoyi, Lekki → constant demand from expats, consultants, tourists.

## 🌱 2. Land‑banking / Raw Land in Growth Corridors

Explosive appreciation: Plots in Ibeju‑Lekki, Epe, Mowe have doubled to tripled in value over the past 5 years; up to 200% appreciation, with potential of 400% in a decade.Infrastructure boom fueling demand: Projects like Dangote Refinery, Lekki Free Trade Zone, coastal highway and 4th Mainland Bridge are accelerating land value .

**Best zones**: Ibeju‑Lekki, Epe, Ajah.

🏭 3. Commercial & Industrial Real Estate

-Warehouses, logistics & distribution hubs

* Lagos eser as Nigeria’s main port city, demand for nearby warehouse space is strong thanks to e‑commerce growth .
* Industrial properties—especially warehousing—offer steady leases and high yields (\~16–18%) .

Grade-A office & retail spaces

Prime offices and shopping malls in VI, VI, Ikeja yield 13–16% annually .
Offices benefit from longer leases and triple net structures, which often shift operating cost          

✅ Final Takeaways

✅ Want steady high yields now?** Short‑let rentals are king in prime areas.
✅ Playing the long game? Land-banking in emerging corridors offers huge upside.
✅ Looking for stability & scale? Warehouses and office buildings deliver solid, sustained income with lower tenant turnover.

Next steps:

* Define your capital capacity and risk tolerance.
* Engage local agents and do site visits.
* Run yield analysis: rental income vs. costs.
*Consider a mixed portfolio: short‑lets + land or commercial for diversification.

Have you invest in Tiara Estate Phase 1?
Invest in Tiara Estate Phase 1 located in lekki airport , Title : C of O ,Price: N35M, initial deposit:N6M, Whatsapp or call : +2348082952354

#lekki #ajah #ikoyi #ibejulekki #propertyinvestment #invest #investment  #investmentproperty #lagosnigeria #vi #freetradezone #lekkifreetradezone


Monday, 23 June 2025

Types of land titles in Lagos (C of O, Gazette, Excision, Governor’s Consent)

Here’s a clear breakdown of the major types of land titles in Lagos State, Nigeria, including their meanings and significance:

1️⃣ Certificate of Occupancy (C of O)

📌 What it is: An official document issued by the Lagos State Government that legally confirms a person’s right to occupy a land or property for a period (usually 99 years for residential land).
📌 Importance: It is the most recognized land title that shows ownership and protects against government acquisition or third-party claims.
📌 Use: Essential for securing loans, reselling property, or developing the land without future disputes.

2️⃣ Gazette

📌 What it is: A publication in the official government record (Gazette) stating that the government has officially excised a particular land for the original owners (often indigenous communities), meaning it’s no longer under government acquisition.
📌 Importance: It shows the land is free from government acquisition and can be processed for a C of O.
📌 Use: Buyers can apply for a C of O or Governor’s Consent to perfect the title.

3️⃣ Excision

📌 What it is: A process where the government releases a portion of land back to the indigenous owners after acquisition for public use. Once excised, the land can be documented in a Gazette.
📌 Importance: Land that has been excised is safe to purchase (if properly documented) because it is no longer under acquisition.
📌 Use: Provides the foundation to obtain further titles like C of O or Governor’s Consent.

4️⃣ Governor’s Consent

📌 What it is: A legal approval the Governor gives for the transfer of a land interest (usually after the first assignment or sale of a land that already has a C of O).
📌 Importance: Without Governor’s Consent, any subsequent buyer’s title is incomplete or defective under the Land Use Act.
📌 Use: Mandatory when a property with a C of O is sold or transferred to a new owner.

Other Relevant Land Documents

👉 Deed of Assignment/Conveyance – Shows transfer of ownership between seller and buyer.
👉 Survey Plan – Defines the exact location and size of the land.
👉 Deed of Sublease – Common in government or estate allocations.
👉 Family Receipt / Purchase Receipt – Proof of payment, but not a title on its own.

Key Takeaway

👉 In Lagos, C of O and Governor’s Consent are the highest forms of land titles.
👉 Excision and Gazette show land is free from government acquisition but require perfection (e.g., C of O).
👉 Always verify land title documents at the Lagos State Land Registry / Surveyor General’s Office before buying.

Invest in Tiara Estate Phase 1 and Amen Estate Phase 2 today and thank me later.
Title: C of O
Location: Directly facing the lekki airport
Initial deposit N6M
Tiara 500sqm = N35M
Amen Estate Phase 3 (premium corner) N56M
Whatsapp or call for more info +2348082952354

From Mr ilori kolawole Samuel

#ilorikolawole #kolexproperties
#ibejulekki #investmentopportunity #realestatenigeria #wealthcreation #BuyAndHoldStrategy #LekkiLandDeals #landbanking #lagosrealestate #propertyinvestment

Saturday, 21 June 2025

True Life Story 1 — From ₦1.5M to ₦18M in 6 Years (Ibeju-Lekki)

In 2016, Mr. Adewale, a mid-level bank worker in Lagos, decided to buy two plots of land at Orimedu community in Ibeju-Lekki, not too far from the Lekki Free Trade Zone. At that time, land in that axis was going for around ₦750,000 per plot.

Many of his friends laughed at him, saying the area was too far and undeveloped. But Adewale had done his homework — he knew about the planned Dangote Refinery, the Deep Sea Port, and the proposed airport.

Fast forward to 2022:
The same two plots were worth ₦18 million (₦9 million per plot). He didn’t build anything; he simply held onto the land and let development in the area do the magic.

He sold one plot and used the proceeds as equity for building a rental apartment in Sangotedo. He kept the second plot for future appreciation.

---

### 💡 **True Life Story 2 — Young Woman Turns ₦800K to ₦6M in 4 Years (Epe Axis)**

Blessing, a 28-year-old school teacher, saved aggressively for 18 months and bought a plot in **Epe** for ₦800,000 in 2018. She chose Epe because she attended a free property seminar that highlighted government projects coming to that zone (like the Lagos Film City and Epe Marina).

By 2022, as development crept in, that plot’s value rose to **₦6 million**. She sold it to an investor who wanted to build hostels for a nearby polytechnic and used part of the money as a deposit for a small flat in Ajah, which she now rents out for passive income.

---

### 💡 True Life Story 3 — ₦3M to ₦20M in 5 Years Without Building (Bogije)

In 2017, Mr. Chidi, a trader in Alaba, bought two plots at **Bogije**, Ibeju-Lekki for ₦1.5 million each. The area was bushy and had no good roads then.

But by 2022, with the coastal road project, estate developments, and better access, land prices shot up. Chidi sold the two plots at ₦10 million each.

He used the money to expand his electronics business and still had surplus funds to buy another plot further down at Idera.

---

### 🎯 The Lesson:

Land banking in Lagos — when done with due diligence — has created wealth quietly for smart investors who:
✅ Buy early in developing areas
✅ Hold for 3–7 years
✅ Let government and private development push up the value

Have you invest i Tiara estate phase 1 currently selling at the price of N35MILLION for 500sqm, Initial deposit N6M, for site inspection whatsapp or call +2348082952354

From mr ilori kolawole Samuel

#LandBanking #RealEstateNigeria #PropertyInvestment #LekkiLandDeals #PassiveIncomeNigeria #BuyAndHoldStrategy #WealthCreation #IbejuLekki #LagosRealEstate #InvestmentOpportunity

Wednesday, 18 June 2025

What is real estate? and how does investors makes money with real estate in Lekki,Lagos?

✅ What is Real Estate?

Real estate refers to land and any physical property or improvements attached to the land, such as buildings, homes, fences, roads, or structures. It includes:

* Residential (homes, apartments, duplexes)
* Commercial (offices, shops, malls)
* Industrial (warehouses, factories)
* Land (undeveloped plots, farmland)

In Lagos — especially in high-demand areas like Lekki — real estate is a valuable and appreciating asset used to build wealth and generate cash flow.

---

💰 How Investors Make Money from Real Estate in Lekki, Lagos

Investors in Lekki make money through six main methods:

1. 📈 Capital Appreciation (Land Value Increase)

* Land and property prices in Lekki increase rapidly due to:

  * Infrastructure (Lekki Deep Sea Port, Dangote Refinery, Lekki Airport)
  * Migration and urban expansion
  * Limited land supply
* Example: A plot bought at ₦5 million in 2020 can sell for ₦30–₦50 million in 2025.

2. 🏗️ Buy and Build for Resale or Rent

* Investors buy land, build residential apartments or houses, and sell or rent them out.
* High demand for housing in Lekki makes this very profitable.
* Short-let properties (Airbnb-style) near Chevron, Ikate, and Lekki Phase 1 bring in weekly income.

3. 🏘️ Rental Income

* Build-to-rent or buy completed homes and lease them.
* Properties in Lekki generate high rental income:

  * Self-contained: ₦700k–₦1.2m/year
  * 2-bedroom: ₦1.5m–₦3m/year
   4-bedroom duplex: ₦3m–₦7m/year
* Investors earn steady passive income monthly/yearly.

4. 🚧 Land Banking

* Buy undeveloped land in emerging areas (e.g., Ibeju-Lekki, Eleko, Free Trade Zone).
* Hold for 3–7 years without building.
* Sell when the area is more developed for 3x to 10x profit.

5. 🧱 Property Flipping

* Buy undervalued or distressed properties.
* Renovate and sell at a higher price.
* Common in areas like Ajah, Sangotedo, Ikota.

6. 🏢 Commercial Leasing

* Build shopping plazas, event centers, warehouses, or office spaces.
* Lease to businesses and receive consistent commercial rent.

---

### 🔐 Why Lekki is Ideal for Real Estate Investment

* Strategic location (close to Victoria Island & Epe)
* Rapid infrastructure development (port, refinery, airport, road network)
* Rising population and housing demand
* Government attention and private sector growth
* High Return on Investment (ROI)

💡 Real-Life Example:
Investor buys 600 sqm land in Eleko in 2019 at ₦2 million.
In 2025, that same land is worth ₦15–₦20 million.
👉 That’s over 700% ROI without doing anything — just land banking.

Have you invested in Tiara Estate Phase 1? This property is strategically located at the front of the Lekki airport. The property is directly facing the expressway, already gated, and comes with instant physical allocation.

**Price:** ₦35 MILLION
**Initial Deposit:** ₦6 MILLION
**Title:** C of O

What are you waiting for?
WhatsApp or call +2348082952354 — Mr Ilori Kolawole Samuel.

#kolexproperties #lekki #ajah #ikoyi #nigeriainusa #nigeriainuk #nigeriaincanada #nigeriandubai #ibejulekki #lagosnigeria #lagosproperties #lagosbusiness #lagos #epe #epeland
#realestate #realestatenigeria #buyandbuild #landownership #InvestInNigeria #SecureYourFuture #PropertyInvestmentNigeria #lagospropertymarket

Monday, 16 June 2025

Do I need a lawyer to buy a land in Nigeria?

Yes, you absolutely need a lawyer to buy land in Nigeria.Here's why:

✅ Why You Need a Lawyer When Buying Land in Nigeria

1. Verification of Land Documents

A lawyer can:

Confirm authenticity of title documents (e.g., C of O, Deed of Assignment, Gazette, Excision).
Conduct a search at the Land Registry to check if:

  The land is free from government acquisition.
  There are no encumbrances or disputes.
The seller is the true legal owner.

2. Drafting & Reviewing Legal Documents

Your lawyer will:

Draft or vet the Contract of Sale and Deed of Assignment.
Ensure clear clauses on payment terms, possession, indemnity, and ownership transfer.
Help you avoid vague or fraudulent agreements that favor the seller.

3. Handling Legal Procedures

A property lawyer can:

File for Governor’s Consent (required for legal title transfer).
Facilitate title registration and proper stamping of documents.
Guide you on tax clearance, survey plan charting, and land use zoning laws.

4. Protection Against Fraud & Omo-Onile Issues

Many land scams in Nigeria involve fake documents or multiple sales.
Lawyers help detect “Omo-Onile” , family disputes, and unregistered interests.

5. Peace of Mind & Legal Backup

If legal issues arise later, a lawyer who handled the transaction gives you strong legal backing.
Your investment is protected against future litigation or loss.

❌ Risks of Buying Land Without a Lawyer

* You may buy government-acquired or disputed land.
* Lose money to fraudulent sellers or fake agents.
* End up with invalid or unregistered documents.
* Struggle with reselling or developing the land later.

-⚖️ Conclusion:

Hiring a lawyer is not optional—it's essential. Even if you're dealing with a trusted real estate company or family friend, always let a real estate lawyer represent you. It could save you millions of naira and years of legal battles.

We could understand that not everyone can afford to pay lawyer service charge, that is why we have helped you to make research on 15 genuine  properties you can buy in epe,ibejulekki and lekki airport that will give you higher rate of return  on your investment . you can Whatsapp +2348082952354 for more info on that .

Have you invest in Tiara Estate Phase 1?
This property is directly facing the lekki airport and is expected to give you higher rate of return on your investment . Land title : C of O , price : N35Million ,initial deposit: N6MILLION .For more information and site inspection whatsapp or call. +2348082952354 .
From Mr ilori kolawole Samuel

#ilorikolawole #kolexproperties
#lekki #airport #propertyinvesting #propertyinvestment #aajah #ikoyi #properties #lqmd #landbanking #property #nigeriainusa #nigeriainuk #nigeriaincanada #nigeriainspain