Omu Ketu is currently looking like the next real estate destination for developers and investors owing to its proximity to Epe in Lagos and availability of land.

The reason for this high demand for Omu Ketu land is not far-fetched; Epe is becoming more expensive for an average land buyer.

And some parts of Epe land are in crisis…

It’s just a simple investing wisdom to migrate to the nearest location that has high growth potentials.

And Omu Ketu is that location.

To the average ear, it sounds like a remote location that no one would ever be interested in, but wait until you read the facts I will reveal to you.

 

In this article, I will show you: 

  • Why Omu Ketu is a great place to invest your money in
  • The truth behind the Lagos real estate around Omu Ketu
  • 3 red flags you should look out for when buying land in Omu Ketu

 

5 Reasons You Should Buy Land in Omu Ketu

I’d have loved to jump into showing you the big benefits that you can gain from buying land in Omu Ketu, but you need to know a secret. 

Omu-Ketu is not in Lagos…

Yes, some unscrupulous marketers could have advertised or sold it to you as Lagos – no it’s not in Lagos State.

They might not want to tell you that Omu Ketu is in Ogun State because they believe most buyers focus on buying land in Lagos. That is misleading!

The truth is educated investors can buy anywhere that has what I call “fast development indicators”… And Omu Ketu has these indicators.

So, here are the benefits of buying land in Omu-Ketu. Note that I’m talking mostly about buying in the Omu area.

 

1. Strategic Fast-Growing Location

Omu Ketu is a super prime location because it is a central point.

On one end, Omu-Ketu is an interchange that directly connects to the Ketu-Epe axis. 

Because of its nature as a border town, it is under great demand and is currently being bought out by real estate developers and private individuals.

Omu Ketu links Ijebu Ode through to Ibadan in Oyo State

By the time the roads are properly connected, Omu Ketu will link easily to major parts of Lagos and Ogun, including Ikeja, Epe, Ketu, and Mile 12.

This makes it a super real estate destination for residential and commercial purposes.

 

2. Affordable Land Prices with High ROI Potential

Because there is no huge rush for Omu Ketu currently, even though the rush is already gaining momentum, the place is still very affordable compared to nearby neighbourhoods like Epe.

Omu Ketu offers low land prices that will allow you to make a small investment that will yield high returns.

See, you can have worries about when the land prices will increase. 

But if you look at Ikorodu from 25 years ago or Epe from 5 years ago, Omu-Ketu is at that point now!

Instead of looking at the undeveloped state of the land, look out for the potential increase that it can have when the area finally opens up big time.

  • When the road becomes completely tarred.
  • When families start building homes to raise their kids
  • When schools are being built
  • When marketplaces are created

These are factors that will make the price of the land in the area skyrocket…

But again, don’t wait till these happen. Instead, buy before anyone else realizes!

Here’s the most affordable and genuine land in Omu Ketu right now 

 

3. Road Access to Inland Lagos and Ogun

It is not every day you see an Ikorodu-type of area spring up in the middle of nowhere. 

And that is exactly what Omu-Ketu is! Besides being very affordable, the area is the next go-to location for business investors who are looking for smooth reach to Lagos and Ogun at the same time. 

And because of this, you can expect mass migration into the area. Families who live in rented properties in places like Ikorodu down to Mile 12 will want to build their own homes. As a result, the population increased massively.

As I mentioned above, this means new schools.

New schools mean new teachers.

More families and new teachers mean improved roads for smooth commute

More population will result in an expanding commercial district.

This is one of the top reasons you must consider before you buy a land in any parts of Nigeria

 

Read also: Secrets to Know Before Buying Land in Lagos 

4. Growing Demand Among Realtors

In my years as a real estate investor, I always advise my clients to LOOK OUT FOR AREAS THAT PEOPLE ARE RUSHING.

It is a simple formula that works every time!

Right now, the most in-demand spot in Lagos for big-time real estate investment is the Omu Ketu because of its strategic location and prospects.

If you are an investor or a buyer looking to sell eventually, this is a pointer to where you should buy next.

Unlike other investment types where you may be told to buy when others are selling, it doesn’t always work like that in real estate.

If you notice that other investors are hot-buying an undeveloped area, you should also buy…

But buy with the intention to HOLD.

5. Proximity to Emerging Commercial and Industrial Hubs

Despite Omu-Ketu’s remoteness, it is quite accessible to industrial hubs like 

  • The Odogunyan Industrial Estate, which is just 1 hour away
  • The Lagos Rice Mills, which is 35 minutes away, and
  • The Omu Market

The implication of these factors is that there is more employment around the area, resulting in more workers looking to settle.

This gives the average investors great hopes of a rental market that brings returns on investment in the long run!

 

Here’s is our offer for you. You can pay for the land for 6 months 

 

But before you buy land in Omu-Ketu, you must look out for legitimate land documents.

Land Document You Need When Buying Land in Omu-Ketu

Good documentation is one of the best ways to protect your land.

This doesn’t just show that you own the land; it also keeps you at peace in case of legal battles in future:

1. Certificate of Occupancy (C of O)

If you buy in Omu Ketu, the Ogun State Government will issue this to you.

The C of O confirms your legal ownership of the land.

As a result, ownership is transferred to the new buyer by the state governor for a specific period, typically 99 years.

2. Deed of Assignment

The Deed of Assignment is probably the most important document you could get. 

This is because it is the only document that shows that the title in the land was actually transferred to you from the original owner.

3. Survey Plan

This outlines the property’s coordinates (locations), size, and boundaries.

It ensures that your land is not inside a stretch of land that is for government projects.

IT also shows the Land Office that your land is in line with government-approved layouts. 

The survey plan is usually submitted to the Surveyor General in the state where the land or the property is located.

4. Governor’s Consent

Many people think that Consent automatically comes with a C of O. 

But not every time. 

You still need the Governor’s Consent to resell your property. It is the state’s acknowledgement of the transfer of ownership.

5. Deed of Lease

This is similar to a deed of assignment for leased properties. It clearly defines the terms and conditions of property use between the owner and tenant.

6. Building Plan Approval

This ensures that the property construction complies with local building regulations and zoning laws.

7. Land Purchase Receipt

A proof of payment you get from the seller that shows that they have received your payment for the land or property bought.

Note: If you are buying from a family or community, ensure that the signatory is unanimously agreed upon by all the decision-makers in the family or community. This creates a legal backup for you in case of a contest for the land in future.

 

If you need any guidance regarding how to buy land in Omu Ketu, reach out to me at info@possilaproperties.com