From Desmond Mgboh, Kano
Kano State Government has inaugurated a committee to come up with a framework for the regulation of real estate and property agents across the state.
Speaking at the inaugural meeting, the Chairman of the Committee and Commissioner for Information and Internal Affairs, Ibrahim Abdullahi Waiya explained that the initiative was informed by growing concerns over security and revenue generation challenges within the real estate and property development sector in the state.
He noted that real estate operations and development have continued to expand without any form of regulation, thereby creating room for unqualified individuals to participate in the business.
He said the committee wil develop a regulatory framework to guide real estate activities innthe state, including property sales, leasing, and rentals.
The committee is to also develop a comprehensive database of real estate operators and establish operational frameworks to regulate the industry.
Additionally, the committee will obtain, study, and analyze real estate regulatory laws from other states, and formulate practical strategies to ensure compliance with standard procedures and global best practices in the sector.
Members of the committee include representatives from the Ministry of Land and Physical Planning, Kano Urban Planning and Development Authority (KNUPDA), the Kano State Internal Revenue Service, and the Ministry of Justice.
Also included as members are the Chairmen of the Kano Property Agents and Development Association, the Plot and Foundation Housing Agents Association Kano, and the Kano Real Estate and Land Agents Development Association.