Developer Pushes Affordable Land Ownership Model With Obafemi Royal City in Ogun
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Realty Boss Assets Limited is promoting a phased land-ownership model it says lowers the entry barrier for ordinary Nigerians, anchored on its Obafemi Royal City development in Obafemi Owode LGA, Ogun State.
For many Nigerians, owning a piece of land remains an important step towards building long-term financial security, but rising property prices and the high cost of entry into the real estate market continue to make ownership difficult for many prospective homeowners.
Against this backdrop, Realty Boss Assets Limited, a subsidiary of Ace Real Estate, is promoting a model aimed at making land ownership more affordable, accessible and achievable for ordinary Nigerians through its Obafemi Royal City development in Obafemi Owode LGA, Ogun State.
Located in the rapidly developing Obafemi Owode axis, Obafemi Royal City is positioned as part of Realty Boss Assets Limited's broader vision of simplifying the process of property ownership. Rather than requiring prospective homeowners and investors to wait until they can afford large property investments, the company's approach is centred on enabling people to start small by securing land and developing it when they are financially ready.
According to Stephen Adebayo, chief executive of Realty Boss Assets Limited, the company's philosophy is built around removing some of the barriers that prevent Nigerians from entering the property market. “Our bigger vision is to make real estate ownership simple, accessible and affordable for everyone. We believe people should be able to start from where they are, secure a piece of land and build their dream property when they are ready,” he said.
The development sits within Ogun State's Obafemi Owode Local Government Area, an axis the company describes as rapidly developing, and targets both prospective homeowners and investors seeking to enter the market in stages.