Realtor seeks enabling environment for real estate sector to thrive

The Chief Executive Officer of Hall 7, Mr. Olayinka Braimoh, has urged the federal and state governments to create the enabling business environment that would allow the country to feel the impact of the real estate sector. Speaking during unveiling of its Cape Estate in Apo, Braimoh said realtors have the solutions to solve the […]

The Chief Executive Officer of Hall 7, Mr. Olayinka Braimoh, has urged the federal and state governments to create the enabling business environment that would allow the country to feel the impact of the real estate sector.

Speaking during unveiling of its Cape Estate in Apo, Braimoh said realtors have the solutions to solve the housing deficit in the country.

“Today, I doubt if anybody’s doing social housing. It’s because of devaluation and inflation. So it becomes very difficult for any developer to engage in social housing.

“So we do development in various categories to address the housing deficit. I mean, for every unit of property developed, you are addressing the deficit, isn’t it? It’s minus.

“So, we can say that developers have, to some extent, helped in addressing the housing deficit. We are solving a major social problem. We are solving this problem as developers, because all that the government needs to do is to create an enabling environment for our businesses to thrive, and then we’ll create jobs. As we all know, it is not government that creates jobs, businesses create jobs. All that the government needs to do is to create enabling environment for businesses to try.”

“So it is for us as businessmen, as entrepreneurs, as developers, is to identify the opportunities that comes with those challenges. And that’s what we’re doing, basically.”

He added that the estate which is a 371 housing units, would see it’s infrastructures completed before building by its customers.

“we’re doing is a complete development. We are doing direct development. I know there are some that are trading in lands. They are land traders. They are not real estate developers.

“The Cape by Hall 7 is a concept development that we put together for those that are looking for that comfort, that kind of environment for investment with peace of mind. That is what we’re doing.

“And you can see we have a stream, which is why we actually call it The Cape. We develop, we design our recreation around the stream right there. We’ve done Brookshaw, we’ve done Imperial Vista, we’ve done the Bridge Garnet, the Bridge Peridot. This is our latest project, and you can be certain that this will be better than anything we’ve done in the last decade.

Speaking, Team Lead, Investment Advisory, The Cape By Hall 7, Udodirim Nyam, revealed that the estate sits on 20 hectares of land.

“We strive to provide a home and a curated community, carefully detailed and thoroughly built to satisfy our clientele. Let’s look at the affordability. Okay, so basically we don’t just sell land.”