Business
Address Homes commends LASRERA’s drive to tackle real estate fraud
A property development company, The Address Homes, has commended the drive by the Lagos State Government to tackle quackery and fraudulent activities in the real estate sector, describing the just-concluded 3rd Real Estate MarketPlace Conference and Exhibition as a huge platform created to deepen professionalism in the industry.
The firm gave the commendation at the just concluded 3rd Real Estate Market Place Conference and Exhibition held at the Eko Hotel and suites, Victoria Island with the theme ““Town Hall Meeting on the Lagos Real Estate Emerging Markets- Mitigating the Potential Risks.”
It said the decision of the state government through the Lagos State Real Estate Regulatory Authority, LASRERA, to create a platform for the players in the industry to discuss safety, technology, policies and showcase their products and services reinforces Governor Babajide Sanwo-Olu’s administration’s commitment to boost the sector.
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The Address Homes which was one of the major sponsors of the event said it decided to partner with the Lagos State government on the project because of its desire to enthrone complete sanitisation of the industry and enhance growth in the burgeoning sector.
Speaking at the sideline of the Conference and Exhibition, Mr Segun Ogunbiyi, Marketing Manager, The Address Homes, said the company’s partnership with the government was purely for promoting integrity, professionalism, customer satisfaction and safety in the real estate industry in Nigeria.
According to Ogunbiyi, while the collaboration was meant to curb unscrupulous practices and promote global best practices and investment opportunities in the sector, the firm has continued to change the face of real estate development through the delivery of quality homes to high-income luxury homes seekers.
Ogunbiyi, while adding that the Address Home has been known for professionalism, quality building with detailed finishing that can stand the test of time, noted, “We don’t cut corners; we build standard projects that stand the test of time. We do not compromise. That is the difference, and our finishing is top-notch.”
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Speaking earlier at the conference and exhibition, Lagos State Governor, Babajide Sanwo-Olu who was represented by his deputy, Dr. Obafemi Hamzat, described the real estate sector as the biggest employer of labour in the country with the potential to open the floodgate of economic prosperity for not only the state but the nation.
The governor said the industry with a propensity to be the cash cow for the people needs to be protected against quackery, and unprofessional attitudes of practitioners who could compromise safety and hurt the citizens.
Sanwo-Olu said the private sector must collaborate to prevent the proliferation of fraudulent activities in the real estate market.
The Governor pleaded with residents and everyone interested in the real estate business to be cautious in any financial transaction they engage in by fact-checking the track records of the organisations they are dealing with to ascertain if the individual or organisation is registered with LASRERA and other relevant government Agencies in the sectors.