The Lagos State Real Estate Regulatory Authority has promised to create an enabling environment to enable local and foreign investors to tap into the numerous opportunities in the state’s real estate market.
According to the Special Adviser to the Governor on Housing, Mrs Toke Benson-Awoyinka, if given adequate attention and concentration by the government at all levels, real estate has the potential of contributing more to the Gross Domestic Product of the country.
She then urged investors in the sector to adopt and follow the laid down policies and plans by the government aimed at boosting local and foreign investments in the industry.
Benson-Awoyinka, according to a statement, said this on Tuesday at the PRINVEST 2023 Conference, with the theme: ”Ready or not to invest – Navigate the new prospects in real estate.”
She was quoted as saying, “As real estate practitioners in the sector, you must be aware that investment opportunities are often linked with digital networking that connects real estate practitioners at local, federal and international levels.
“It is important to stress that real estate prospects require creative effort and discipline to meet standard and network operating procedures on the property management system.”
Benson-Awoyinka noted that LASRERA was established to strengthen competitive investments and monitor the real estate market in the interest of investors and the general public.
According to her, the agency is expected to register and issue operation permits to genuine and certified real estate practitioners, being global best practices embraced to curb fraudulent cases arising from complaints from members of the public on how unsuspecting residents are often defrauded of their hard-earned resources.