Land fragmentation as a veritable tool in enhancing property development in Nigeria
Makama, Basil and David Ishava
Vast land was unbundled by a private concerned the Northern Nigeria. Publishing company in order to divest themselves of the land holdings and to generate income which will be put in the core business of the going. Concerned/company/organization. This paper assessed the effect such action had on the rapid rate of property development in the neighbourhood under study vis---vis the availability of land to individuals rather than a single entity, a rapid residential and commercial property. The individuals who acquired the interest embarked upon development. The huge capital expended by such individuals in the real estate development couldnnt have been invested by the company/going. Concerned/organization. the capital realized from the disposal of the land holdings has also brought leverage to the company/going concerned/organization. The findings from this study revealed that companies whose core business is not in real estate should divest themselves of such holdings by making land available to would-be-investors which will serve as a linchpin in property/real estate development and as a source of income to the companies.
Event: 6th FIG Regional Conference 2007 : Strategic Integration of Surveying Services
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