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Sanwo Olu Stressed On Best Practice In Real Estate Sectors

Published

6 years ago

September 25, 2020

Sanwo Olu has called for best practices in the Real Estate Sector.

News Rain reports that the Lagos State Governor, Mr. Babatunde Sanwo Olu has called on the real estate practitioners to always opt for the best standard while discharging their duty.

Sanso-Olu On Real Estate Practice

Sanwo-Olu at the Maiden edition conference of the Lagos State Real Estate Regulatory Authority (LASRERA), urged practitioners in the real estate sector to ensure that international best practices are observed in order to attract direct/ indirect investment from foreign countries to the State.

Governor Babatunde who met with key stakeholders in the real estate sector stressed the need to create a homeownership model that will help address the deficits observed in the housing market in the State.

“This Present Administration intends to make the Real Estate Market the best in adhering with international practices in terms of Real Estate Regulations. A Sector that conforms with global practices where Real Estate professionals will see the profession as an avenue of contributing continuous investment to the economy of the State Government through the Sector”.

Sanwo Olu maintained that the State Government is ready to bridge the gap by partnering with the private sector and working with stakeholders to ensure people have access to viable home services.

“There would be an introduction of legislation that would help curb bad behaviors among tenants and property owners.

The Policy forum organized by the Agency is to ensure that sanity is brought to the real estate sector in the State as they are key drivers to the actualization of the T.H.E.M.E.S Agenda of the present administration.

“Apart from facilitating business relationships between people, the Sector also employs across the State as the real estate sector contributes in no small measure to the State GDP through their activities, hence the determination of his administration to provide the right ambiance for the practice of real estate. Sanwo Olu said.

Speaking also at the event, Mrs. Toke Benson – Awoyinka, who is the Special Adviser to the Lagos State Governor on housing, in her address said the stakeholders’ forum is in recognition of the importance which the State Government attaches to the involvement of stakeholders in the property market especially as it relates to the decision-making process.

She maintained that the LASRERA portal is a bank where registered practitioners in the real estate sector are stored and can be easily accessed by anyone noting that this will reduce the activities of fraudulent practitioners as the Agency would not compromise on making sure due process is followed in the registration process.