Real estate in Lagos State is becoming a surge and there is a good number of real estate developers hacking into the market to make sure that the commercial development of properties in the state are been provided for by both the middle and the low-income earners.
A report by Estate Intel data confirmed that development activities in Lagos increased by 19% in 2021 compared to 2020.
According to the GDP Report for Q1 2021 published by the National Bureau of Statistics, Nigeria’s real estate sector grew by 1.77%, contributing a total of 5.28% to the real GDP of the country for the period under review (around USD5.3 billion). Barring any negative unforeseen developments, the real estate sector’s contribution to the GDP is forecasted to increase.
In spite of the above, there have been instances where investors in the Nigerian real estate sector have recorded losses, owing particularly to a lack of understanding of the business and regulatory environment in Nigeria.
Meanwhile, another report corroborated that Lagos is one of the states contributing to the increase of Internally Generated Revenue (IGR) of the country’s real estate GDP.
In this article, we look at top 7 young estate developers making a wave with their brands and firms while contributing to Lagos’ GDP through their return-to-market activities (by several projects) in 2022.
1. Sijibomi Ogundele
Ogundele who is only 39 has built his company, Sujimoto Group, in just 5 years, into a Luxury Construction behemoth, focused on building extraordinary edifices in premium neighborhoods of Ikoyi and Banana Island.
With annual revenue of approximately $30 million and many other pending projects, Mr. Ogundele believes the Sujimoto group is worth over $400 Million.
His look may be modest but his ambition belies his modesty. After an encounter with the King of Dubai who pushed his ambitious project – LorenzoBySujimoto, from 15 Storey building to a 30 storey building, reminding him that; “To be second is to be last! If people in their 30’s are building 5000 units annually in Asia, 75 units shouldn’t scare you.”
2. Ramos Adeyinka
35-year-old Ramos Adeyinka is the Chief Executive Officer of Ramos Lagos Realty, a company established as a luxury real estate marketing firm. The company was launched as a traditional real estate marketing agency, with the model of marketing and sales of developed and yet-to-be-developed properties.
When Ramos started, he did a little research and found out that there’s a particular way people market which is through flyers, putting people together to talk to them about real estate. He is known for using social media channels like Instagram, Facebook and youtube to sell his properties.
Ramos has reportedly over N9billion worth of properties in Lagos State as of today.
3. Lukman Shobowale
Shobowale (born 29th of May, 1994) is a seasoned Realtor, Business magnate, Author, and an award-winning Leader with a track record of excellence.
An alumnus of the prestigious University of Ilorin, a Business Executive from Lagos Business School and Rome Business School who broke into the real estate market a half-decade ago has amassed applicable wealth in the industry.
He is the co-founder and head of business of Dukiya Investments in Lekki that has tentacles for brokerage across 3 continents, and with 7 developed estates and more in progress.
Lukman has successfully developed notable real estate projects like The Cabanas and The Ontario that have gotten acknowledged as the “Future of the Epe Community” by the Lagos government and were sold out in just a few days. The young man is known for his oratory prowess in the real estate industry. His level of conviction earned him the marker “The Sales Oracle” among his colleagues.
In 2020, Lukman was recognized by the Ooni of Ife, Oba Enitan Ogunwusi as one of the young Nigerians setting pace in leadership and entrepreneurship spheres.
Lukman is a gentle and careful real estate developer who have sold over N10billion real estate properties in the developing areas of Lagos including Epe.
4. Sekoni Bright
24-year-old Bright is the Chief Executive Officer of Audacia Prime Realty Limited. Bright is an alumnus of Lagos State University, Ojo. He is known for his knacks for pursuing greatness.
Sekoni while on campus engaged in so many businesses before choosing trying real estate because of his oratory prowess.
The young Sekoni started off as a sales executive in a real estate firm and his passion to become big drove him into owning his.
Since owning Audacia, Sekoni has sold nothing less than a N5 billion worth of properties in Lagos State with the latest of them being Adunni Tech City. Sekoni mostly targets Generation Z and Millenials for his real estate business because he believes that they are the future landlords that ought not to waste their funds on frivolities.
5. Bayo Lawal
Bayo Lawal, (born 13th October, 1993), is an Entrepreneur, Author, seasoned Realtor, and an award-winning Leader who has inspired many to excellence via his leadership events.
He obtained his first degree from Kwara State University, Malate, where he studied Political science. As an undergraduate, he was conscious of the anomalies that existed in the four walls of his school; he desired that undergraduates like him would see beyond education, see life from another perspective, understand their purpose, create capacity, and ultimately bring desirable growth and development to the society and the world at large.
He is an alumnus of the reputable Lagos Business School, where he enrolled for the business administration and management program. He also has an MBA from Ajayi Crowther University, Oyo. His latest academic and professional feat is being an alumnus of the Rome Business School, Rome, Italy.
Lawal is the co-founder and head, strategy and growth in Dukiya Investments. He is known for his expertise in property documentation and site development.
As a professional property developer, he helps clients catch their dream property, and navigate the grueling ordeal of buying a home, as well as guiding investors to make smart investment decisions that would yield them mouthwatering ROI over time. He has been a top-rated realtor for over 3 years; one who puts his heart and soul into the business of ensuring his clients and prospects get the best real estate investment experience with him; he is revered by close associates for his trustworthiness, exceptional service delivery, and his effortless way of building and maintaining a thriving relationship with his clients and sales partners.
Bayo has sold over N8 billion worth of properties in Lagos alone and has alone reached a union in sales.
6. Nola Adetola
31-year-old Adetola is the CEO and Founder of Veritasi Homes and Properties Limited, one of the fastest-rising real estate companies in Nigeria who has over the years built credible relationships in Nigeria and abroad with the provision of top-of-the-range real estate solutions cutting across property sales, real estate advisory services, land acquisition, and property development, with a sales record of over N2 billion in less than five years.
Nola Adetola is certainly one of the youngest entrepreneurs in the real estate industry in Nigeria who is building houses worth several billions of Naira. The graduate of Chemical Engineering from the Obafemi Awolowo University, Ile Ife, Osun State is no doubt committed to offering consummate real estate solutions in a bid to deliver luxurious and affordable housing to all Nigerians in Nigeria and in the diaspora.
7. Olawale Ayilara
Ayilara (born 8 August 1988) is a Nigerian businessman, investor, and real-estate entrepreneur, popularly known as the founder and Chief Executive Officer of Landwey Investment Limited.
Olawale began his entrepreneurial journey right from a very young age trying his hands on several businesses before finding his oil in the real estate sector.
In 2016, Olawale founded the Real Estate Investing company with zero capital. Today, the company boast of over 22,000 realtors and consultants and over 2 billion in assets.
In 2017, Landwey won the most promising real estate company of the year award at the City People Real Estate Award.
On 19 August 2019, Landwey announced that it had acquired a quarter stake in an online platform for funding real estate projects. This came shortly after its partnership with Piggyvest (Nigeria’s largest online savings and investing platform) to introduce Landvest.