The Real estate sector remains one of the bedrocks of the Nigerian economy despite the uncertainties rocking that sector. In the last few years, it has continued to do well and a lot of property players have made it big, especially in Lagos where the majority of them have their businesses.
Some players have revealed that since 2015 the real estate sector had been badly affected by the economy but in spite of all these, some players in the real estate industry are still flourishing.
These are real estate players who are into Property development and, those who sell land in various locations and are doing quite well.
Over the last 1 year, a lot of real estate players have been performing well. There are about 50 big property players who have been doing well in the last one year.
Leading on the list is Chief Executive Officer of North West Quadrant Development Company, Mr Odunayo Ojo. He is an easy going gentleman who has done well with his company’s new Alaro City Project in the Epe axis of Lagos. Another big name also doing big projects is Dr Kennedy Okonkwo, the CEO of Nedcomoaks Properties. A few months back, Forbes Africa put him on their magazine cover. In the interview, he spoke about the many issues affecting real estate in Nigeria. Dr Kennedy is a big property developer who has built more than 1,000 housing units. In the last few months, he has completed a lot of housing projects in the Lekki-Ajah axis.
Former 1st Bank CEO, Chief Bisi Onasanya is another real estate player who has built multi-billion naira housing projects in the last few months. If you drive around Lekki, especially Osapa London area, you will see many of his housing projects. He is the Chairman of Address Homes; and presently, he has more than 4 estates, both ongoing and completed projects. He is one of the few players in the sector who build consistently despite the harsh economy. He builds in the highbrow areas of Lagos like Victoria Island, Lekki, Ikoyi etc.
Oba Adetola Emmanuelking is another top real estate player who has been playing big in the sector over the years. He is the Managing Director of Adron Homes & Properties. His property firm is all over Lagos. He is one of the top players who has taken the sector by storm. Almost every day, he starts up a new housing estate. Presently, he has over 40 offices in Lagos, and in the last few months sold many landed properties. His wife, Mrs Aderonke Emmanuelking, the Executive Director of Adron Homes & Properties, also plays a very important role. Otunba Yemi Lawal is another big player. He plays big in the Oniru & Ikoyi area.
Otunba Olumide Osunsina is a big player who has done remarkably well in the sector. He is the Managing Director of his Company, Megamound Development Company and currently selling homes at Lekki Country Estate. Otunba Olumide is the owner of Carlton Gate Estate in Lekki, Carlton Gate Estate Ibadan, Carlton Gate Estate in Abeokuta. He is one of the biggest property developers in Lagos today, and in the last few months has done well.
Babatunde Gbadamosi is the developer of Amen Estate Phase 1 & II. He also contested for the last Guber election in Lagos. Talk of a big estate where celebrities live in Lagos, Amen Estate would also be mentioned. Presently, houses are currently selling at Phase II of Amen Estate. Amen Estate is on Eleko road before Ibeju Lekki town. His wife, Mrs Sade Gbadamosi is the Financial Director of the company and they have both done well this year.
Bamidele Onalaja is the Managing Director of RevolutionPlus Property Development Company.
Mr Bamidele is a top property player who has distinguished himself. Recently, he extended his real estate arm to Ibadan where he now plays big with other players there. In Ofada Mowe, he is currently building a block of a housing unit. And he has also acquired more than 6 estates this year where they sell land.
We can’t talk about Revolution Plus Property without mentioning Mrs Tolulope Onalaja, the Executive Director and the amiable wife of Mr Bamidele Onalaja. They co-run the company and their combination has yielded positive results. Mr Adetoro Bank-Omotoye is another name who has distinguished himself in the built sector. He is the MD of Cruxstone Development & Investment ltd. Presently, the company is working towards another massive project that will change the face of real estate in Victoria Island. The project name is Cruxstone Towers.
Chief Emmanuel Okafor is the MD/CEO of Marcopolo Properties in Lekki. Marcopolo is a sole property development company and it has been in existence for over 22 years. Chief Emmanuel is one of the pioneers of property development in the Lekki-Ajah axis.
He has been consistently building there and other highbrow areas in Lagos. Recently, he built a block of units at Chevy-View Estate in Lekki where they are currently selling.
Stanley Obi is the MD/CEO of Salescraft Properties. He won City People Real Estate youngest player of the year award at the 4th City People Real Estate Awards. Currently, he has extended his arm of the company to the Eastern part of the country and Salescraft has a presence in many parts of Lagos.
Chief Samuel Odinamadu is also playing big. He’s the Chief Executive Officer of SKC Properties Ltd. He’s one of the leading property development players in Lagos. He’s currently building housing units at Orchid hotel road opposite Eleganza bus stop, Ikota, Lekki, Lagos. He is one of the property players who have done well so far this year.
We cannot also forget Chief Murphy Osuala, the Managing Director of the popular Property Development company in Lagos, Empire Homes. He’s currently doing massive projects behind Chevron head office in Lekki, Lagos. He also has another housing estate at Orchid hotel road, opposite Eleganza house, Lekki. Chief Murphy has been in the real estate for decades and he is still waxing stronger by the day.
Another person who has done well is Mr. Bashir Jimoh, Managing Director of Bashmoh Homes. Bashmoh homes has land that’s currently selling in and out of Lagos. Recently, they have acquired big Properties in Magboro and Ibadan. This property firm is one of the leading property companies when it comes to sales of land, as it has built plenty of trust in the minds of people. Segun Olusanya is the MD of Schemelink Properties Ltd. He is also doing well in the area of land acquisition and sales.
Adeniyi Adams is the MD/CEO of Knightstone Properties Limited. Knightstone is into land sales and housing development. It has just completed a couple of housing units in Ajah axis. Mr Adeniyi is a real estate guru who has travelled far and wide to deliver a lecture on real estate and other related topics. He’s well respected among his contemporaries.
Ben Odunzeh is the MD/CEO of EUC Group, a pan African real estate firm. A few months back, the company signed popular actress, Juliet Ibrahim as a brand ambassador. Mr Ben is currently the biggest landowner in Ibeju Lekki, Lagos. He acquires land in large quantity and sells at affordable rates. He has also moved to the East recently where he’s equally doing well. He’s one of the leading property players this year who has been very active in the sector.
Engr. Lekan Aderinwale is also doing well. He is the MD of Structmatics Engineering, a reputable housing construction firm. Engr. Lekan is a young structural engineer who has carved a big niche for himself as one of the best brains in the sector. Currently, he builds houses in Lekki axis. He has become the toast of real estate Investors.
Sir Olu Okeowo is the CEO of Gibraltar Construction. He has a several blocks of flats on Rumens road in Ikioyi. He builds only in the highbrow locations in Ikoyi, Lagos. He’s one of the few property players who have never compromised standards. The Gibraltar boss is one of the leading players in that sector who has been consistent.
Chief Emeka Uzoeto is the CEO/MD of 1st Homes Limited; a reputable construction company. Chief Emeka is undoubtedly one of the top property players in Lekki presently. He has built over 50 housing units this year alone. He has ongoing housing projects in Osapa London, Victory Park, Agungi, Chevron area, all in Lekki. He has become a strong developer in that axis.
Engr. Toyin Adeyinka is the Managing Director and Chief Executive Officer of Sparklight group. Currently, they have massive housing projects in Magboro which are selling at affordable rates. He is a man with over 30 years of experience in the real estate sector. We can’t also forget Otunba Yemi Lawal, MD/CEO of Seagle Properties. He’s equally doing well in Oniru axis of Victoria Island, Lagos.
In Lekki-Ajah axis, precisely in Chevy-View estate, we also have another property guru who has been doing wonderful housing project in the last 5 years. He is Chief Ishmeal Emeka Udenka, Chairman of Lucky Gardens Estates. He is another top player in that industry.
Another name in that industry that has been doing well over the time is the Chairman of DPKay Homes & Properties, Prince Dele Akinola. He has alot of housing developed in Lekki axis, and he also has landed properties around Lagos currently selling at affordable prices. We can’t also forget Aare Adeleke Adebesin, Chairman of Kings International Homes & Properties. He is one of the big boys in the property sector. What about the MD of Yankees Construction & Co., Mr David Ezeodo? He is a top property developer, in Osapa London, to be precise.
Mrs Elizabeth Grace of Godmade Homes is another top player in that sector. What about the owner of Luxury Gardens in Osapa, Dr Mrs Rita Onyejesi? She is one woman who has disguished herself in that sector. Dennis Oberabor is another player doing well. He’s the MD of PWAN Premium. Jeffrey Agbim is also doing well in the area of construction. He is the CEO of Jedmoon Properties.
Tolu Bawa-Allah is the MD of Printex Properties, a reputable company in Lagos that specializes in housing development. Tayo Sonuga, the CEO of Haven Homes is a trailblazer in the real estate sector in the area of affordable luxury homes. His current project is the Richmond Gate Estate in Lekki, Lagos.
There is also Yemi Idowu CEO Aircom Nigeria Limited. Aircom Nigeria Limited is an infrastructure development company that has facilitated the development of about 62 hectares of land in Lekki, Lagos.
Prince Adetunji Ogunwusi, a brother of the Ooni of Ife is the CEO of PrimewaterView Limited, a property development company that is presently rated among the first five indigenous property development companies in Nigeria. Its track record includes the development of various residential/commercial properties in Highbrow areas such as Ikoyi, Victoria Island and Lekki, Lagos Nigeria. We can’t forget one of the pillars of the real estate sector in Lagos. Chief Rasak Akanni Okoya – He owns RAO Property Investment Company. Chief Okoya has invested in properties in different parts of Lagos.
Hakeem Ogunniran is the CEO of Eximia Realty Co Ltd. He set up this company a year ago, shortly he left his former post, UPDC. And he has continued in the real estate sector.
The list won’t be complete without the name of Prince of Osapa London, Kazeem Austin Eletu-Odibo for his outstanding projects in Osapa community. He has positioned himself as a role model for other developers in that area. He has spent over 500 million naira on roads and drainages, in Osapa London.
Also doing well are Adeyemi Adeniyi, MD, Tromville investment; Olawale Ayilara, MD, LandWey Investment; Hon. Kehinde Bankole, MD KAB construction; Taiwo Elegbede, MD, Buckhead construction.