One very important features ones need to take into consideration in land transaction is Location. I have always advised people when buying land(s) to always take into consideration whether their location of choice is at fringe of development, reason is because its helps in making your land appreciate faster in value.
Real estate is an investment and rather than tying your money down in a location that will take a long time to develop, it is better to invest in a location that has the government eyes.
One of such location where the present day government has interest in is the LEKKI/EPE axis evidence by the numerous projects that has been marked to be embarked on by the Lagos State Government.
Follow me as I take you by the hand to show you what these projects are and how they will speed up the development of that zone.
- The Lekki Free Trade Zone:
Government present in a location determines a lot on its development. The construction of the Export Processing Zone (EPZ) and the Free Trade Zone (FTZ) in this area contributes immensely to the present rapid development we are experiencing here. The free trade zone is an export zone where made in Nigeria goods can be exported outside the country and aside contributing to the fast development of this area, when completed, it is going to serve as a source of employment for people living around here.
- Dangote Group Petrochemical Refinery
The ongoing construction of the Dangote Petrochemical Refinery in Ibeju-Lekki will also contribute to the fast development in this area. Once completed in 2018 various company will also come down to site their offices which will in-turn turned this area to a fast rising business zone.
- The New Deep Sea Port
The ongoing construction of a new deep sea port here is another contributing factor to the fast rising development in this area and once completed it will be a tug of war before someone can acquire a landed property in this area.
- New Airport
The proposed new international airport too is coming to this area and will add up to the development going on around the Lekki Epe axis of Lagos state.
- The 4th Mainland Bridge
It’s no longer news that the Federal government just gave the Lagos state government approval to commence the construction of the 4th mainland bridge which will go a long way in easing the traffic burden suffered along this road. This bridge will link up the island directly to Ikorodu and Berger along Lagos Ibadan Expressway. I don’t know any reason why you should not have a land here?
- Present of Several Gated Estate
The presence of the points listed above has driven so many estate development companies into Ibeju-Lekki /Epe area of Lagos state and development of estates for residential were going on a daily basis. So many people who desire to better their lives have been picking up plots on this estate because they have seen the potentials ahead.
- Leisure and Resort Centers
With the present of the Beach and some other private resort center like the La’campagne Tropicana, there is no dulling or boring moment. I believe once everything is set, more private beach will be set up for maximum enjoyment for families and friends.
If you have your money I will advise you to invest in this area as price of property will SKYROCKET here once everything is in place. If you’re not privilege to have a property at LEKKI PHASE ONE then I don’t think you have to miss this opportunity as the best time to plant another tree is now.