This is default featured slide 1 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.

This is default featured slide 2 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.

This is default featured slide 3 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.

This is default featured slide 4 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.

This is default featured slide 5 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.

Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts

Mshel Homes Wins Property Development Company Of The Year At ARE Awards 2026


In a strong affirmation of excellence, innovation, and consistent delivery, Mshel Homes has once again secured a major industry recognition, emerging as the Property Development Company of the Year (Sites and Services) at the Abuja Real Estate (ARE) Awards 2026.

This marks the second consecutive year that Mshel Homes has received the coveted award, having also won the same category in 2025, a testament to the company’s sustained leadership and impact within Nigeria’s real estate sector.

The award was presented at the Abuja Real Estate Fireside Chat 3.0 held on 29th May, 2026. The gathering brought together top developers, investors, and key stakeholders for an insightful evening of dialogue, strategic networking, and industry recognition.

Mshel Homes’ recognition at the ARE Awards reinforces its position as a top real estate company in Nigeria and a leading force in Nigeria’s real estate landscape.  The company continues to set new benchmarks in property development, particularly in the sites and services category, with a strong commitment to quality, architectural excellence, integrity, and timely delivery.

The Property Development Company of the Year award (Sites and Services) is reserved for developers that demonstrate exceptional performance in land development, infrastructure provision, and the creation of sustainable communities. Mshel Homes stood out among strong contenders due to its consistent track record of delivering well-planned estates that combine functionality, accessibility, and long-term investment value.

Speaking at the event, organisers highlighted the company’s ability to bridge the gap between affordability and premium living. Mshel Homes has created opportunities for both first-time buyers and seasoned investors to access strategically located properties with strong appreciation potential.

Over the past year, the company has expanded its portfolio with several developments in key locations in Abuja, Yola, Kano, Kaduna, Lagos, and other emerging locations nationwide. These projects are designed with modern infrastructure, including road networks, drainage systems, recreational facilities, and security features that align with global standards.

Beyond physical development, Mshel Homes has distinguished itself through a customer-centric approach, maintaining a transparent process spanning inquiry, documentation, allocation, and final delivery. This structure has helped build confidence and long-term relationships with its growing client base of over 6,000 Nigerians.

Demand for serviced plots continues to rise as more individuals recognise real estate as a reliable means of wealth creation. Mshel Homes has positioned itself to meet this demand by offering accessible entry points and flexible payment options that appeal to a broad market segment.

The company’s sites and services model provides buyers with the freedom to build according to their personal preferences while benefiting from established infrastructure and organised layouts. This approach supports both customisation and long-term property value appreciation.

Recognition at the ARE Awards underscores the importance of consistency and delivery in the real estate sector. Mshel Homes has built its brand on a foundation of integrity, professionalism, and a commitment to meeting expectations.

The Group Managing Director of Mshel Homes, Arc. Barka Mshelia expressed appreciation to clients, partners, and team members for their support and dedication, which contributed to this achievement. The award was described as both an honour and a motivation to continue raising standards across all areas of operation.

The ARE Awards remain one of the most respected platforms for celebrating achievements within Nigeria’s real estate industry. Winning at such a platform signals credibility and reinforces confidence among investors and stakeholders.

For clients and prospective investors, this milestone offers reassurance that they are partnering with a developer recognised and trusted for delivering results. Mshel Homes’ growing list of awards reflects a brand committed to long-term impact rather than short-term gains.

As the company looks ahead, it remains focused on expanding its footprint, introducing new development strategies, and maintaining high standards across all projects. Mshel Homes continues to shape the narrative of real estate development in Nigeria, driven by a clear vision and a proven track record.

This latest achievement at the ARE Awards 2026 reflects the consistency, innovation, and excellence that continue to define Mshel Homes. It marks another chapter in the company’s journey and sets the stage for even greater accomplishments in the years to come.

  

Parts Of Lagos Where One-Room Apartments Now Go For N8 Million, N10 Million, N20.9 Million - Report

One-bedroom apartment rents in Lagos  climbed to as high as ₦20.9m annually in 2025, with premium Island locations recording the steepest increases, according to the Lagos Residential Market Report 2025

The report by Edala Development showed that Eko Atlantic City recorded the highest one-bedroom rent in the state at ₦20.9m. Banana Island followed at ₦10m, while Ikoyi and Victoria Island recorded average rents of ₦8m and ₦7.5m, respectively.

Lekki Phase I recorded an average of ₦4.5m for one-bedroom apartments, while Lekki Peninsula II stood at ₦3.5m. On the Mainland, Ikeja recorded ₦3.2m, Yaba ₦2.2m, while Ajah and Gbagada stood at ₦2m each.

Lower one-bedroom rents were recorded in Surulere at ₦1.5m, Apapa at ₦1.3m, Ketu and Shomolu at ₦1.1m each, and Oshodi at ₦840,000. Agege recorded ₦755,000, Mushin ₦735,000, Ikorodu ₦555,000, Epe ₦400,000 and Badagry ₦358,000.

The report also showed that two-bedroom apartment rents followed a similar pattern across Lagos. Eko Atlantic City recorded the highest average rent at ₦26.6m, while Banana Island stood at ₦15.5m. Ikoyi and Victoria Island recorded ₦15m and ₦12.5m, respectively.

Lekki Phase I recorded ₦8.5m for two-bedroom apartments, while Ikeja stood at ₦5.2m. On the Mainland, Ajah recorded ₦3.2m, Yaba ₦3m and Gbagada ₦2.6m. Lower rents were recorded in Surulere at ₦2m, Shomolu ₦2.1m and Festac ₦1.5m. Ikorodu, Epe and Badagry recorded ₦815,000, ₦605,000 and ₦575,000, respectively.

For three-bedroom apartments, Eko Atlantic again topped the list with an average rent of ₦35.3m, followed by Banana Island at ₦27.5m and Ikoyi at ₦25.5m. Victoria Island recorded ₦15m, while Lekki Phase I stood at ₦11.2m.

On the Mainland, Ikeja recorded ₦6m for three-bedroom apartments, Yaba ₦3.4m, Gbagada ₦3.3m and Ajah ₦3.8m. Surulere recorded ₦2.4m, Mushin ₦1.7m and Ikorodu ₦1.1m, while Badagry and Epe recorded ₦673,000 and ₦705,000 respectively.

Studio apartment rents also remained high in prime locations. Eko Atlantic City recorded ₦14.2m, Banana Island ₦5.1m and Ikoyi ₦4.2m. Lekki Phase I stood at ₦2.7m, Ikeja ₦2.1m and Yaba ₦1.5m.

More affordable studio apartments were found in Ikorodu at ₦375,000, Epe at ₦275,000 and Badagry at ₦150,000, while Agege and Oshodi recorded ₦575,000 and ₦580,000 respectively.

Commenting on the figures, Edala Development said the rental surge reflects broader economic pressures and a widening gap between Lagos Island and the Mainland.

“This year has been defined by continued economic shifts and evolving market dynamics. The Lagos real estate sector has not only weathered policy shocks and elevated interest rates but has also adapted, demonstrating resilience and renewed investor confidence. Success in this market now requires more than capital; it demands insight into the widening gap between high-end Island neighbourhoods and the fast-growing Mainland,” the report stated.

It added that despite easing inflation, cost pressures remain high. “The operating environment remains challenging. Inflation has eased to 16.05% as of October 2025, down from 33.88% in late 2024, yet the Monetary Policy Rate remains elevated at 27%. Despite this, the residential sector continues to expand,” the report said.

According to the report, construction activity rose in 2025. “Construction activity has also picked up, reflected in a 9.9% jump in nominal output in Q1 2025. Latest data from the NBS indicate that this momentum remains positive, with real-term growth of 5.57% recorded in Q3 2025,” it added.

The report noted that rental pressures are strongest in specific locations. “We spotlight the submarkets driving activity from the dollar-denominated resilience of Eko Atlantic and Banana Island to the high rental demand Yaba and Surulere,” it stated.

Edala Development also said future housing trends would be shaped by infrastructure and affordability concerns. “We explore the ongoing debate between luxury and value, assess the impact of new coastal infrastructure, and analyze the persistent price gap between landlords and tenants,” the report said.