Benefit Of Land Banking, Lagos As A Case Study

This Images was during the Era of Sir Abubakar Tafawa Balewa when he was the prime Minister of Nigeria after independence.

Lessons of this Images.

Only a few people who could think, imagine and believe that Lagos state would become what it has become today made that bold movement to invest and acquired both lands and landed properties in some parts of Lagos even while most of these areas they purchased were still bushy and water lodged then. The legacy and foundation they laid down then, their children and grandchildren are still building and benefiting from it to date. We call them— Smart Investors.

But some with unreasonable excuses like
1. The area is too far
2. The land is still bushy
3. The prize is high for land like this
4. The land is a water lodge or swampy
5. The land slope is bad

6. The land can not develop in years to come
7. The land will get omo oni le issue later
8. The land will be taken back if I keep it too long
9. I already build and buy enough land ( scope )
10. The land is under acquisition
And so many others like that
We categorized this set of people as procrastinators. They are no more but the pain and agony they have caused while alive still lives on.
Some children or grandchildren will be like, Where is my grandfather when people are acquiring lands in Island, Lekki, Ajah, Ikeja, Oshodi, Isolo e.t.c.

The same thing happened in Ogun state. Some years back, Let’s not go far. Looking back at Abeokuta from 2010 to 2015, We have only 2 or 3 popular and notable housing estates in Abeokuta, which are Orange Valley, Ibara housing estate and Probably Osoba Hiltop.
Fast forward to 2020— these areas are becoming unaffordable, and people started running to land with very close proximity areas to those estates like Ewang, Laderin, Olokuta etc. Between 2019 to 2021, Laderin and Ewang were still selling for as low as 3 million to 5 million, but as of today— You hardly see a plot of land with good topography and a good title for 10 million in these estates. The minimum you can lay your hands on inside Laderin estate now is 13 million.

Back then in 2010 to 2015, you hardly see people willing to acquire land in areas like Obada Oko, Idi Ori, Ilese Awo, Oke Ata, Gbokoniyi, Iyetedo, Mologbede, Sogbamu, Magbon, Abule Ojere, Agejo, Agbena, Olorunsogo, Abule Ake, Abule Oju, Abule Asha, Alagbada e.t.c. In all the aforementioned areas— they persuade and beg people to buy land in that area then with as low as 200k to 300k. Come and see what’s happening in those areas in 5 years till date.

So check, Which of the categories you fall into. Don’t forget, the concept of Real estate is very simple. When others are seeing bush, you are seeing the future. And that is the best time to invest!

*Buy Bush & Sell City* thats the scope👌😎

Those who acquired those elite and popular areas in Lagos and Abeokuta back then, most of them are no more but they have already built future generational wealth with what they had for their children and grandchildren. Who tells you, you can’t do the same? You can still do more than them. Lands are still very much available and affordable in the nooks and crannies of Ogun State and Abeokuta as the State Capital and Megacity precisely. Get a reliable, trustworthy, honest and professional company like AGC Construction&Properties to take you through the journey of land banking and investment.

No bush in Abeokuta & Sagamu again, Be Wise!!!

Be a Smart investor like those that bought Ibara housing estate, Oshoba Hilltop, Orange Valley, G.R.A Quarters and Other notable and elite areas in the Ogun state today

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