Ayedun, C. A. and Oloyede, S. A. and Adesiyan, Samuel and Durodola, O. D. and Akinjare, O. A. (2018) STUDY OF SPECULATIVE ENTERPRENEUR RESIDENTIAL HOUSING DEVELOPERS’ INITIATIVES IN LAGOS STATE, NIGERIA. Academy of Entrepreneurship Journal, 24 (4).
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Abstract
The subject of housing has generated much discussion and interest in the developing countries including Nigeria. In the country presently, the availability of shelter in major towns and cities is grossly inadequate in spite of government interventions in its provision. Speculative residential housing developers have joined in developing housing estates all in the hope of ensuring adequate shelter for all. This development has created a real concern for urban residents of Lagos State since speculative residential housing providers, going by the selling prices of the units of housing available, tilt towards addressing the needs of the upper-income class mostly. With week-end spot observations backed by unstructured and semi-structured interviews, activities of five cooperative societies, five religious organisations and three private housing-based companies were studied. The study found that the ratio of involvement of those up to 50 years old and those above were in the ratio of 3:2. Ownership transferability in staff cooperative housing estates can be at will by the owners and same with private company-based housing estates subject to adequate notification and approval. On the contrary, owners of housing units within religious-based housing estates must first obtain written clearance from the organisation and, in most cases, carryout the sale processes through to another member of the organisation. The study recommends government allocation of state land for such developments to bring the cost of such units of accommodation within the reach of a larger segment of the society.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Speculative, Residential Housing, Developers, Lagos State. |
| Subjects: | T Technology > T Technology (General) T Technology > TH Building construction |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment |
| Depositing User: | AKINWUMI |
| Date Deposited: | 17 Oct 2022 10:45 |
| Last Modified: | 17 Oct 2022 10:45 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/16343 |
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