The Chief Executive Officer of Harmony Gardens and Estates Development Limited, Saheed Mosadioluwa, popularly known as ÌBÍLẸ̀, has attributed the growing confidence in Lagos State’s real estate sector to improved security, stronger government policies, and better collaboration between developers and host communities.
Epe Insights reports that Mosadioluwa made this known during his birthday prayer visit at Lekki Aviation Town in Ibeju-Lekki, where he reflected on the transformation of the real estate landscape across the Ibeju-Lekki and Epe corridor over the last few years.
According to him, the sector previously faced serious challenges due to land grabbing, insecurity, and disputes involving illegal land agents commonly referred to as “Ajagungbalẹ̀.” He noted that these issues discouraged many investors from committing funds to property development in the region.
He explained that developers and investors often struggled to secure properties they legitimately acquired, adding that the uncertainty created fear and reduced confidence in Nigeria’s real estate market.
Mosadioluwa stated that the situation has significantly improved, especially in strategic areas such as Ibeju-Lekki, Epe, and routes extending toward Ijebu-Ode. He noted that incidents of land grabbing have drastically reduced compared to previous years.
The developer also credited the Lagos State Government for introducing and enforcing the Lagos State Property Protection Law, which he described as a major turning point in restoring order within the sector.
According to him, the legal framework has strengthened investor confidence and reduced unlawful activities linked to property disputes. He added that investors can now pursue projects with greater assurance and security.
Speaking further, he acknowledged reforms within the Nigerian Police system, noting that reports of land grabbers operating under the protection of security agencies have reduced considerably.
Mosadioluwa stressed that peaceful coexistence with host communities remains essential for sustainable development. He explained that developers must continue to engage indigenous communities respectfully, even after land transactions are completed.
He noted that many local communities still consider themselves stakeholders in developments within their environment, making collaboration and mutual understanding necessary for long-term peace.
The Harmony Gardens CEO also stated that many external land grabbers have exited the Ibeju-Lekki-Epe corridor due to improved stability and stronger enforcement of existing laws.
Despite the progress recorded, Mosadioluwa identified inflation, rising interest rates, and increasing construction costs as major challenges currently affecting housing delivery and affordability in Nigeria.
He specifically highlighted the sharp increase in the price of cement and other building materials, noting that the situation continues to impact developers and homebuyers alike.
According to him, several private developers are now introducing flexible payment structures to help residents achieve homeownership despite prevailing economic realities.
Mosadioluwa also warned property buyers against purchasing lands without proper verification and documentation. He advised investors to conduct thorough checks before making financial commitments.
He stressed that transparency and proper documentation remain critical to preventing disputes and protecting investments within the real estate industry.
The developer further called for stronger enforcement of existing laws to ensure accountability and sustain investor confidence across Lagos State.
He maintained that host communities should continue to be included in development discussions, noting that peaceful relationships between developers and indigenous residents are vital to economic growth.
Mosadioluwa dismissed some narratives circulating online about persistent land disputes, insisting that real community engagement remains more important than social media debates.
According to him, developers who maintain healthy relationships with their host communities are more likely to achieve sustainable growth and long-term success.
He expressed optimism about the future of the real estate sector in Lagos, particularly within the rapidly expanding Ibeju-Lekki-Epe corridor.
Industry stakeholders believe the area remains one of the fastest-growing investment destinations in Lagos State due to ongoing infrastructure projects, industrial expansion, and increasing commercial activities.
With improved security, stronger legal protection, and increased collaboration between developers and local communities, confidence in the real estate sector across Epe Division continues to rise steadily.
