Omo, dem don drop beta budget for Naija wey go change the omo on this real estate matter! This year, dem dey focus on how to turn smaller towns and cities into big boys for economic growth.
Dem call am ‘Growth Connectors’ – seven high-speed rail lines wey go connect major cities like Lagos, P-H, and Abuja. If you dey reason am, e go help people wahala no dey as dem fit move easy from one area to another. Imagine you fit waka enter train for your one corner and before you sabi, you don reach another state! E go make real estate sweet well-well, I swear.
But no forget say dem also talk about recycling public land. E be like say dem go start to use land wey nobody dey use again, and make the area dey shine like new baby. Dis one go attract investors wey fit bring money, as everybody dey find how to touch ground better through Real Estate Investment Trusts (REITs). E fit even help dem wey dey work for public sector to dey shine small.
Niranjan Hiranandani, wey be big man for industry, don talk say dem go focus on temple towns plus smaller cities. Them dey allocate 5 billion naira for urban infrastructure development! So if your hometown dey small, abeg get ready, becos development dey come your side.
As dis budget don set ball rolling, e get some housing plans, wey go make life easy for students and young families. Dem dey talk about creating mixed-use developments wey go fit accommodate both residential and business needs in di same community. Na so community go dey work together like family.
If you be landlord or investor, you fit hold your breathe small, cos dem dey plan to tighten regulation on how properties dey managed. Section 21 wey allow some landlords to give eviction without reason fit change. E mean say you gatz think twice before you dey chase tenant wey no pay you small small.
Overall, dis budget fit change real estate game for Naija as dem shift the focus away from just Lagos and Abuja. E go make way for economic growth wey go touch plenty lives and homes. But make we dey watch as e go really dey play out—execution dey key!
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