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HVOTL Associated Risks and Real Estate Investment in Lagos Metropolis, Nigeria

Akinjare, O. A. and Oloyede, S. A. and Oluwatobi, A. O. (2013) HVOTL Associated Risks and Real Estate Investment in Lagos Metropolis, Nigeria. Journal of Civil Engineering and Urbanism , 3 (2). pp. 37-47. ISSN 2252-0430

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Abstract

High Voltage Overhead Transmission Lines (HVOTLs) associated risks have been thought to foster potential risks elements capable of creating property value diminution when located within the built environment. This current attempt identifies and evaluates particular risk elements attributable to HVOTLs within a perpendicular distance of 200m in residential neighbourhoods within Alimosho and Surulere neigbourhoods in Lagos metropolis using survey method. Data retrieved from residents within a 200meters distance perpendicular to power lines in the study areas of Lagos metropolis were analyzed and interpreted using the relative importance index. The study established that within the study areas, all nine risk elements were found significant but within varing extents. The study suggests that ROWs in the state must be enforced and respected by the public while erring individuals be sanctioned and their buildings demolished by State and Federal governments actions. This is crucial in promoting the sustainability of real estate investments

Item Type: Article
Uncontrolled Keywords: Power Lines, Residential Property, Surulere, Alimosho, Rental Values and Risks
Subjects: H Social Sciences > HD Industries. Land use. Labor
T Technology > TA Engineering (General). Civil engineering (General)
T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mr Solomon Bayoko
Date Deposited: 20 Mar 2014 16:29
Last Modified: 20 Mar 2014 16:29
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2216

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