The Chief Executive Officer of Adron Homes and Properties, Adetola Emmanuel-King, came into the country’s real estate sector with a bang! His coming at the time caused a stir in the sector, as he delighted stakeholders with beautiful promises.
For more than a decade, he has successfully won the trust of the people, as well as made a lasting statement with his innovativeness in the industry.
His sole objective is to redefine the meaning of luxury in the Nigerian real estate industry, and he is gradually achieving his dreams.
He has grown to become one of Nigeria’s leading lights in the affordable real estate sector after building over 10,000 units of homes across the country, with several estates littered across the country.
The brand is notable for its unique selling point – a flexible payment plan that gives customers the leverage to gradually build a home, most especially the low-income earners.
However, Society Watch has gathered that the 51-year-old realtor is presently having a sleepless night and the reason is not far-fetched. The Lagos State government has declared some of his estates illegal, as they were reportedly not approved by the state government.
The state noted that these estates violated planning regulations by not securing layout approvals, which are a mandatory requirement for estate development in the state.
It identified 176 illegal estate developments, predominantly located in the Eti-Osa, Ajah, Ibeju-Lekki, and Epe axis of the state, and has given the owners a 21-day ultimatum to process their layout approvals.
These estates, deemed illegal due to their failure to obtain layout approvals from the Ministry of Physical Planning and Urban Development, were listed in a document published by the Ministry last Monday.
The Permanent Secretary of the Office of Physical Planning, Mr. Oluwole Sotire, said the affected estates undermine the sustainable development goals of Lagos and violate the guiding principles of the T.H.E.M.E.S+ Agenda. He warned that the Ministry would not tolerate unauthorised developments that disrupt the state’s physical planning framework.
This development, according to a source, is giving Emmanuel-King a serious headache and he is running from pillar to post to redeem whatever damage the development may have caused.
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