Is Buying Land in Ogun State a Good Investment in 2025?
Is buying land in Ogun State a good investment? The best answer to this common question is “yes”. But that is not convincing enough…
Ogun State is one of the best places to invest in Nigeria. It was that way 5 years ago and it still is now. And there are many reasons why.
Walk with me as I show you…
- Why Ogun State is one of the best places to invest in
- The top locations to buy land in Ogun State currently
- The RoI (return on investment) you can get from investing in these locations
- The risks that come with investing in Ogun State that nobody tells you about
Why Land in Ogun State Is on the Radar in 2025
First, let me tell you a truth that most real estate agents won’t tell you. Most coastal states like Lagos, Ogun, and Rivers tend to have fast development and more value in land.
This is because there are more commercial activities going on there than in other states.
However, unlike Lagos and Rivers that have active ports, Ogun does not have an active port. But Ogun State benefits from its direct connection to Lagos State.
If you check the map of Nigeria, Ogun surrounds Lagos on almost all sides.
If you go to Ikorodu, you can enter Ogun state
If you go to Agege, you can enter Ogun state
If you go to Ayobo area, you can enter Ogun
If you go to Epe, you can enter Ogun State
And there are many waterways that can still link you to Ogun state from Lagos that are not even on the traffic map!
What this means is that whatever happens in Lagos State has a direct impact on Ogun State.
When people are hired in Lagos, they find more affordable homes in Ogun- and they start buying land there too
Generally, Lagos is mostly overpopulated and priced based on the high demands. This is what makes Ogun State real estate one of the biggest real estate hotspots in Nigeria today.
If the average Lagosian wants fresh air, they will leave Lagos and go to Ogun State.
They want their kids to attend schools that are less noisier and rowdy.
They realize peace- and they will pay any money to get it in Ogun State. Well, as long as it is not as expensive as the quiet areas of Lagos State…
But that’s not everything that makes Ogun State a good place to invest in real estate in 2025.
Key Infrastructure Driving Growth in Ogun State
Yes, there are many people relocating from Lagos to Ogun State today…but that’s not the only thing that makes buying land in Ogun State a good investment.
One big factor of real estate growth anywhere in the world is infrastructural development. Let’s look at examples around Africa:
- Look at the history of Addis Ababa in Ethiopia. The completion of their Light Rail in 2015 made property prices rise by over 30% in just 3 years.
- Kenya’s Thika Superhighway and Nairobi Expressway also lead to massive real estate growth that made even suburbs like Ruiru become real estate goldmines!
- Projects in Lagos such as the Lekki-Epe Expressway, the Lekki free Trade Zone, and the Dangote Refinery blew up the state’s real estate value. Places like Ibeju-Lekki grew so much between 2015 and 2020 so much so that land that used to sell for
N800k started to sell for overN15M.
Now, let’s talk about
Infrastructural development in Ogun State That Increases Real Estate Value
1. Lagos-Ibadan Expressway
The reconstructed Lagos-Ibadan Expressway alone has opened up major areas such as Mowe, Ibafo, and Sagamu.
One of the smartest things you can do as a real estate investor is to look to find developing areas around these locations and buy them up fast.
In a few years, link roads will be developed also and they will also blow up! And you will make your money back!
2. The Sagamu Interchange Industrial Expansion
Because of Sagamu’s central location between Ogun, Lagos, Ibadan, and even other state in Western Nigeria, it has attracted so many companies in one place! The industrial area currently houses Nestle, Lafarge, many logistics firms.
The direct impact of this is that more people are employed. And where more people are employed, they will need new houses.
That’s where you come in. this expanding industrial area will need new landowners and landlords who these workers can buy land and houses from!
3. The ongoing construction of the Agro-Cargo International Airport in Iperu-Remo near Sagamu
This area can be accessed directly from the Lagos-Ibadan and Sagamu-Benin Expressway.
By default, surrounding areas of this airport will begin to see huge development. This is because it will be creating jobs because of the agro-processing zone and an international testing center for exports.
Top 4 Locations to Buy Land In Ogun State
All the development I mentioned will be nothing if I don’t show you the best places to invest in Ogun State.
I carefully picked these areas because they have great potential for growth than most parts of the state currently.
They have a huge population flocking from Lagos looking for new areas to reside and open small businesses. They also have good roads and are accessible to Lagos .
1. Ifo
Ifo is strategic for land banking mainly because of its proximity to Sango-Ota .
This puts it in the best position for residential real estate growth. Many Lagos workers who rent spaces in the Ota area are moving towards Ifo axis to buy land because of affordability reasons
In some years to come, this axis would have opened up because of increased road networks through places like Ilogbo.
This will directly connect the area to major locations like Sango, Idiroko, and TollGate, helping commuter to skip the Lagos-Ogun Expressway.
2. Ota
Ota is perfect for big-money investment. Because it is closer to Lagos than most parts of Ogun State, it opened up very fast. But there are still areas like Ewupe and Atan that are very still developing.
You can easily cash in on these areas and make the best out of it.
Many real estate growth indicators are in these places. Companies like Fidson, Nigerian Breweries, and even the intercontinental Distillers Ltd.
And the popular Canaanland which houses 2 big secondary schools, a residential estate and a university is also here!.
And these attract workers from across all parts of Nigeria!
One of the best ways to invest here is to flip properties. You can find properties that are old and abandoned or that their owners are willing to sell off.
You can buy these and renovate them to become high-paying rental properties in future.
In places like Atan, you can still find bare or half-developed land that you can buy and keep. This spot will open up big time when infrastructural development comes to surrounding areas like Badagry.
3. Mowe/Ofada
Mowe and Ofada are already big but there are still many unexplored and developing parts of the area.
Big developments are already happening in these area. There are many houses popping up because people are moving from Lagos to settle here.
Also, the Mowe/Ofada district is very close to the Lagos-Ibadan Expressway and the RCCG’s Redemption Camp which is another religious center with a fully-operational economic ecosystem.
So, yes, if you invest in these area, you don’t just have good investment, you have an investment that promises to pay you back for your sweat and patience.
4. Omu-Ketu
This is another goldmine right on the border of Ogun and Lagos state.
One wonderful thing that many people don’t know about Lagos real estate is that it is best you invest in the suburbs and border towns. You don’t need to go to the city.
And that’s one of the reasons why Omu-Ketu is a perfect pick. It is fast developing with projects like the Ijebu-Sekungba Highway cutting right through it!
It also directly connects to major areas such as Ijebu Ode, Ikorodu, Ketu, and Epe. This makes it a feeder town that will keep attracting companies that want to ease transportation of their goods.
It is also perfect for families that want to raise their kids in a quiet and serene area.
This place is best for land banking. Buy it, keep it, wait for some years for schools and roads to become fully developed and you will have your return in the long-term!
Read Also: 4 Things You Must Know Before Buying Land in Omu-Ketu
Key Risks You Should Know About Buying Land in Ogun State
Despite Ogun State’s advantages, real estate investment isn’t risk-free. These are the biggest concerns I have seen over the years:
-
Title Disputes
Watch out for disputes especially with family-owned land. There are cases of Omo Onile problems where one land can be sold to many buyers by one relative who doesn't have the power to sell such land.
To escape these kind of situations, use only surveyors and developers who provide valid documentation. e.g Deed of Assignment, C of O, Gazette, Excision.
And if you still want to buy with family, ensure that you buy from the family head and ensure that he has the approval of all the family elders.
When they are signing any document off to you, ensure that it contains the signature of the family heads and all the decision-making elders.
-
Swampy Land or Poor Building Structure
Many parts of Ogun State are riverine.
If you will buy land, ensure that you do a physical inspection to see if it is not in a place that is always flooding. If you will buy an uncompleted house, take an expert along to check the durability of the structure.
Don’t leave any stone unturned when it comes to checking for the integrity of any property you are buying.
If you are not available to do a physical inspection yourself, hire a building expert to go on your behalf.
-
Unlicensed Developers
Many scams now understand that the average person will buy when they see the letterhead document of a company. So, they front themselves as a real estate company with fake document.
Once you buy from them, they just disappear into thin air!
What you can do to avoid people like this is to verify the company’s registration with CAC. Also, do well to verify every document they give you.
Read Also: 14 Mistakes To Avoid As A Real Estate Investor in Nigeria
Are You One of Those Who Can Invest in Ogun Land?
This depends on your goal, but Ogun State is best suited for:
- Nigerians in Diaspora who are Looking for affordable, verifiable land near Lagos that they can develop and keep long-term.
- Young Professionals who need a first-time investment without pressure to build immediately.
- Parents & Long-Term Planners who are buying now to help their children in the future and to aid their retirement plans.
- Land Bankers: People who want to buy low, wait 5-10 years, and sell high
So, if you fit any of the descriptions above, you are the perfect fit for real estate investment in Ogun State.
Read Also: Is Real Estate a Good Investment for Nigerians in the Long Run
Final Thoughts: Is Buying Land in Ogun State a Good Investment?
Yes — Ogun State remains one of Nigeria’s most accessible and promising real estate hotspots in 2025.
But you must:
- Buy in the right zone for your goal
- Verify every document before paying.
- Avoid panic buying or speculative hype.
With its infrastructure momentum, growing population, and relative affordability, Ogun State stands as a sustainable land investment option in Nigeria’s south-west corridor.
FAQs
Is land in Ogun safer to buy than in Lagos?
In many cases, yes. There’s less omo-onile tension, but title verification is still crucial.
What’s the best part of Ogun for rentals?
Mowe and parts of Ota see high rental activity due to Lagos workers relocating.
Can I resell land quickly in Ogun?
In fast-growing areas like Mowe, Ibafo, Sagamu, yes. But deeper areas like Ifo, Atan, Omu Ketu are better for long-term holding.
What documents should I ask for?
Survey Plan, Deed of Assignment, Allocation Letter, Gazette or C of O (if available).
Are developers in Ogun reliable?
Some are. Always check for CAC registration and previous client reviews. Visit the land in person or send a trusted person.
Omu Ketu vs Epe: What You Need to Know About The 2 Locations
Omu Ketu vs Epe: which is better for real estate investors now?
In my other article, I wrote about 5 reasons Omu Ketu is the next big real estate hotspot but this article is to show you why Omu Ketu is the affordable, safer, and better alternative to Epe.
For the second time in about 7 years, Lagos real estate is now expanding to another location, this time, a neighbouring state.
The first time was with Epe during Ambode’s era when the Epe Road was opened for construction. This led the location to become the city it currently is today.
Once again, we are seeing it play out with Omu Ketu.
Omu Ketu is a border town between Lagos and Ogun.
The last time there was a discovery like this was with Ikorodu some 25 years ago.
But there is a problem I have observed- and that you may have seen too… Many realtors and agents are advertising their Omu Ketu land to be in Epe!
But that is not true…
In this article, I will be showing you
- The Difference in the location between Epe and Omu Ketu
- Why you should buy in either of the locations
- Which of the locations is best for you to invest in
3 Important Things You Must Know About Omu Ketu and Epe
1. Omu Ketu vs Epe: Location Differences
There are key differences between Omu Ketu and Epe. And they are easy to spot…
Epe is a coastal town in Lagos, located between Ketu and Odo-Mola. It is very popular because of its proximity to the Lekki Lagoon.
This made it one of the few locations to become premium very early in its launch…
As I mentioned above, Epe is located centrally on the Ikorodu-Epe highway linking towns like Ketu, Orisha, and Odo Ragun.
Unlike Epe, Omu Ketu is not riverine nor close to the Lagoon. It is purely land-based. But more importantly, Omu Ketu is NOT IN LAGOS. And this is what many people do not know.
Omu Ketu is not a location in Lagos. Instead, It is a border town between Ogun and Lagos State, just like Sagamu and Otta on the Southern side of Ogun and Agbara on the Western area.
The only thing that connects Omu Ketu to Epe is that it connects directly to the Ikorodu-Epe highway through the Ejirin-Ijebu Ode Rd.
This perfect meeting point makes it super-accessible to Epe (just a 35-minute drive without the usual Lagos traffic)
So, when next you see an ad that is telling you to come buy land in Omu-Epe, simply ask them if the land is in Epe (Lagos) or is in Omu (Ogun)
Here's a safe, no issues, better ROI, and an affordable land in Omu Ketu right now.
2. Omu Ketu vs Epe: Land Prices & Investment Potential
If you decide to buy land in Omu Ketu or Epe, you should know that you will be getting different price tags as well. By default, you will also get different RoI.
The land in Epe is costlier than the one in Omu Ketu. There are several reasons for this. And it is mostly because of projects such as the
- Ikorodu-Epe highway
- Lagos Film City
- Dangote Refinery in the nearby Ibeju Lekki
- Lekki Deep Sea Port and Free Trade Zone
On the other hand, Omu Ketu is not as developed as the Epe district. But you can see evident signs of growth such as
- The presence of educational institutions such as the School of Science Complex, SACOETEC, Grace Polytechnic
- Proximity to industrial areas such as the Odogunyan Industrial Estate
- Lagos State food and logistics hub
When you consider these factors, you will understand why land in Epe is significantly more expensive than the one in Omu Ketu.
But you also need to consider long-term factors such as population growth rate and accessibility.
With this, a place like Omu Ketu will eventually become a central commercial, residential and industrial hub because it is connected to multiple locations.
So, just know this: Land in Omu Ketu is far less costly when you compare it to land in Epe.
3. Omu Ketu vs Epe: Lifestyle & Community
So far, we have only discussed things that investors will want to hear.
So, I’m adding this factor mainly for those who want to settle and build a family in any of these locations.
If you want to stay in Epe, you need to be ready to adapt to current living conditions, such as
- Heavy traffic when commuting from Epe to any location outside through the only two main outlets, that is, the Lekki-Epe highway and the Ikorodu-Epe highway
- More noise as a result of a higher number of clubs, hotels, and bars.
- Possible more pollution due to more cars and more homes
On the other hand, if you choose Omu Ketu, you might need to consider factors such as:
- Longer time of commute because of the undeveloped area of Ejirin-Ijebu Ode Rd. But it gets better as soon as you hit the Ikorodu-Epe Road
- Lesser interactions with the public: If you love a loud and social lifestyle, you may find it quiet here.
- Peace and serenity: This is one of the main goals of most families today- to raise their home in peace and quietness.
Conclusion: Omu Ketu vs. Epe – Which Location Is Right for You?
Choosing between Epe and Omu Ketu depends entirely on your real estate goals.
You can either choose between immediate development and high returns or long-term affordability and growth potential.
If you’re an investor looking for faster ROI, Epe is the ideal choice.
It already has established infrastructure, major government-backed projects, and rising demand, and land prices are appreciating faster than ever.
For business owners and commercial investors, Epe offers
- A larger customer base
- Better visibility, and
- More developed logistics,
This makes it a great location for retail spaces, hotels, and hospitality businesses.
However, if you’re a long-term investor seeking affordable land with future potential, Omu Ketu is a smart pick.
It is strategically located near industrial and commercial hubs.
Plus, its connectivity to key highways makes it perfect for positioning it for gradual but steady growth.
Buying land in Omu Ketu now means securing prime property at a lower cost before prices skyrocket.
For homebuyers and families, Omu Ketu is the better choice if you prioritize peace, serenity, and a quieter lifestyle.
Unlike Epe, which is more commercial and urbanized, Omu Ketu provides a less crowded environment, making it perfect for residential living.
Final Recommendation
- Choose Epe if you want quick appreciation, commercial opportunities, and better-developed infrastructure.
- Choose Omu Ketu if you want an affordable entry point into Lagos’ expanding real estate market with long-term investment potential.
Regardless of your choice, always conduct proper land verification and consult real estate experts to avoid land disputes and ensure a secure purchase.
Send us a message to start today at info@possilaproperties.com
Before You Buy Land in Omu Ketu: 4 Things You Must Know
You may never find any educational content on land in Omu Ketu apart from websites listing properties in that corridor.
And why so?
It is simple! Everybody wants to sell. Nobody wants to show.
In a recent article, I mentioned how Omu-Ketu has become the most in-demand real estate hotspot in Lagos.
But before I wrote that article, I looked at the people who were buying land in Lagos, and I realized that a lot of them were not buying it with adequate knowledge.
It is this knowledge that many real estate marketers are holding back from the public.
Look, it may not be a popular thing to do, but I will show you what you should know before you buy land in Omu-Ketu.
1. Omu-Ketu is not Ketu-Epe and it is not Epe
If you type “buy land in Omu-Ketu”, you will see lots of websites listing properties in Epe or Ketu.
It’s a marketing deception that you should not fall into.
The truth is that there's Omu, there's Ketu. Omu in Ogun State and Ketu in Lagos State.
Omu-Ketu is the boundary town between Lagos State and Ogun State. It's immediately after Epe.
The Ketu area is already very developed compared to the Omu area, which makes it more costly.
Epe is also equally developed, being one of the biggest real estate hotspots in Nigeria in the last 7 years.
But the area has come under lots of backlash because the government is now reclaiming most of the land for development.
So, you cannot buy land in Epe without direct approval from the NTDA- the New Town Development Authority.
But the Omu area is mostly still raw land, fast developing, and that’s what agents and real estate companies are selling.
If you insist on buying the Ketu side in Lagos, you will pay more. And you might be paying more for lands with government issues without knowing.
But if you are patient enough to sell later when there is development, you can buy for a lesser price in Omu.
So, that’s the main difference…
Don’t be deceived, and don’t get scammed into thinking that you are buying land in Ketu itself or the backyard of Epe. No, that’s not true
2. You Need a Goal Before You Buy
In all my years as a real estate marketer, there is something I tell my buyers…and they are always grateful for it
And that is to ALWAYS HAVE A GOAL IN MIND when buying land… that is, their reasons for investing.
Before you make a payment, you have to ask yourself these questions…
Am I buying just because my friends are buying?
Am I buying because I have loose cash I don’t want to put in the bank?
Am I buying because a beautiful real estate agent on Instagram said so?
The truth is- you may still make money if you follow any of these steps.
But in the long run, you may not be able to build a system that helps you to convert your real estate into cash eventually.
So, what do you do instead?
Sit down and make a plan.
For instance, if you have 3 million set aside to invest in real estate, you can say you want to buy a plot of 1.5 million (an hypothetical price)
You can then choose any of the following options for your land:
- Buy and hold long-term, then resell at an appreciated price
- Build a rental apartment on the land and make money through rent
- Build an event center, hire managers, and make money through short-term uses
- Start a full-fledged shopping complex that has everything people want in that area
These are just 4 of the many options you can choose from…
You can also explore recreational real estate such as clubs, restaurants, and hotels.
But my point is, you must have a goal.
Your goal will determine how much you will spend. And how long you will wait before you start seeing returns on your investment.
Here's the most affordable and genuine land we have for you in Omu Ketu
3. You Have To Get Your Documents Right!
The number one reason people lose their land in Nigeria today is solely because they do not have verifiable land documents.
Many times, it is not enough to have documents; you must have good documents.
It is even more risky if you are buying in places like Lagos, where there is a high demand for land. Sellers, especially family landowners, tend to sell to multiple buyers and issue fake documents to all of them at the same time.
This is the real omo onile problem.
To avoid this kind of problem, you must
- Only buy from trusted real estate companies
- Verify documents for authenticity
- Pay land charges where it is required
These are 5 land documents that you must have to effectively protect your ownership and title in a place like Omu-Ketu:
-
Deed of Assignment
This is the number one document you must go for.
Many people think that the C of O is the most important document, but it is not.
The Deed of Assignment is the only document that shows that the owner of the land you bought willingly transferred their ownership and title to you.
It is not only evidence of payment but also proof of sale.
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Certificate of Occupancy (C of O)
This is the most popular document because the government is usually involved in its issuance.
It is issued by the state government to legally confirm that the state no longer owns the land.
This is because all land in a state is held temporarily by the governor of that state until there is a buyer.
As a result, ownership is transferred to the new buyer by the state governor for a specific period of 99 years.
-
Survey Plan
A survey plan outlines the following features of your land:
- Property's coordinates (locations)
- Size, and
- Boundaries
This ensures that it aligns with government-approved layouts.
After measuring your land, you are to submit it to the Surveyor-General in the state where the land or the property is located.
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Governor's Consent
Most land buyers think that the C of O automatically comes with the Governor’s Consent. No, it doesn't.
If you want to resell land that has a C of O, you need the Governor’s Consent.
It shows the state’s acknowledgement of the transfer of ownership.
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Land Purchase Receipt
This is proof of payment you get from the seller that shows that they have received your payment for the land.
Note: If you are buying from a family or community, ensure that the transaction is approved by all the decision-makers in the family or community.
This gives you legal backup in case there is a dispute over the land in future.
4. Be Patient
Just like with every other investment, you also need to be patient if you are buying land in Omu-Ketu.
There is no such thing as make-money-fast with real estate anywhere in the world.
Like I mentioned above, you need to have a plan.
When you have a plan, it will be easier for you to follow through with the timeline that you have set for it.
I always tell my buyers never to sell their land one year after buying it…
It is only in rare cases that your land will appreciate so much and you will get huge profits after a year.
Instead, I would advise you to wait long enough to observe the market and watch your land price increase before you sell.
Now That You Know…
It is up to you to decide whether you want to buy in Omu or you want to buy in Ketu.
You also now need to create a plan that will help you make profits in the long run.
Again, if you are looking for quick money, run away from real estate.
But if you want money that you will always see in the future, invest in Omu-Ketu today.
This is my recommended land in Omu-Ketu currently. And it's selling at a great price.
For further enquiries, shoot me an email at info@possilaproperties.com
5 Reasons Omu Ketu Is the Next Big Real Estate Hotspot
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