REAL ESTATE ATTRACTION AND MOVES FROM MOWE-IBAFO TO MILE 2- BADAGRY, LAGOS-NIGERIA
Land estate management are already having a good day in the Mile2-Badagry corridor of Lagos State. The new wave of expectation that currently suffuse the community of land owning families in this corridor was engendered by the now obvious determination of the Lagos State Government to expand the Mile2-Badagry Express Road to a 10-lane express road, the first of its kind in Nigeria and its not just Lagos initiatives, rather in conjunction with
The Mile2-Badagry corridor have been detracting attention away
from the Mowe-Ofada axis of Ogun. Mowe-Ofada location off the Lagos-Ibadan
Express road which had provided a natural northward expansion corridor for real
estate developers and Lagosians desirous of owning their own houses. But while
the Mowe-Ofada axis offers the opportunity of landed assets in a neighbouring
state, the Mile2-Badagry corridor offers landed assets within Lagos State. For
investment savvy Lagosians, land assets any where in Lagos State are said to be
more valuable.
Already, Many developers are already recouping their investment from this investment and likewise the buyers which are either for shelter or investment purposes are already smilling becasue of the infrastructural strength
of that corridor over those of the Mowe-Ofada axis as we can note that Mile2-Badagry corridor
has been progressively developed over the years.
because of its rich cultural background and the interest that Lagos State Government in that axis, it stands chances of becoming one of the areas that its real estate investment will be give a good and big returns back to the investors
Incidentally, price of a plot of land remains in the same
range for both the Mowe-Ofada axis and the Mile2-Badagry corridor. Land
speculators argued however, that landed property in the Mile2-Badagry corridor
have more potential to appreciate because of the peculiarity of the corridor’s
terrain. Bordering the landed space to the left hand side inward Badagry are
beach land, which usually are choice property attraction for the rich. And
dotting the water ways from Mile2 to Badagry town are island communities that
may give way to highbrow real estate. The 10-lane expansion of the road into
Badagry will naturally avail a thorough fare for a large population of
Lagosians which would make an instant hit for real estate developers and
consequent upward impact on the value of properties in the corridor
Key Indicator
ü Rich Long
History and cultural background that will aids big tourist investors
ü The 10-Lane
expansion work that will link neighbouring countries for train travelling
ü Film City
Project
The
wide expanse of land sits quietly, tucked between the Lagos Lagoon and the
Atlantic Ocean in Gberefu village, Badagry. It is, without a doubt, a perfect
milieu for its proposed use: a film city. Located off the Badagry coast, on a
sandy stretch of land that had, ages ago, served as a route for local slaves on
their forced voyage to the Americas, the whole environment is a perfect blend
of history and culture.
ü Power City
ü The Jackson’s
Music Pavilion Project
