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New Estate Lands And Insincerity - Nairaland / General - Nairaland

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New Estate Lands And Insincerity by Foresightenable: 8:01pm On Apr 28, 2022
Lately, I have been looking into buying into some real estate lands around ibeju lekki and epe axis. There are a lot of estate developers lobbying people to subscribe into their estates. One thing I have been able to find out is some of this real estates with price range between 500k-2.5M for a plot are not willing to have the roads tarred despite charging development fees ranging from 350k to as much as 1 million naira. I believe it is absolutely unfair to market this estates and out in their fliers or banners promising good road network whereas what subscribers will be getting is just earth road.

1. This brings me to the question. Why are they charging development fees as much as 500k which is enough to get another plot when they won't be tarring the roads?
2. Is it not better to just buy lands outside of this estates where a land will cost 700k and you have to pay as much as 1.5-2M in other charges before your land will be allocated to you?
3. Why sell lands to people believing they'll get to have proper tarred roads Networks only to have a graded earth road of sand.
4. If you have subscribed to any estate similar to what I mentioned and they have gone on to have the roads tarred. I'll like to know which estates that is
5. With 1.5M,it's possible to buy 3 lands in epe directly from owners. Is it not advisable to tow that route and get better value for ones money.

I'll like to hear from everyone, your inputs, suggestions and experience in dealings with the real estate developers springing up around that axis.

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