Ikeja is Home to Lagos’s Greatest Real Estate
Ikeja is the capital of Lagos State and a commercial hub situated in the Lagos mainland area of the metropolis. Ikeja is both commercial and residential in naturel, with the commercial aspects increasing on a daily basis. Ikeja is also central to several places, with a good transportation system and road network that makes commuting to other parts of Lagos very easy.
Residents of Ikeja cut across the elites, middle and the lower class populace and it is a properly planned area that enjoys government presence and influence due to the fact that it is the seat of the Lagos State government with a concentration of government offices.This has resulted in Ikeja advancing to the level of premium real estate location, formerly only inhabited by Victoria Island, Lekki and Surulere.
As a result, traffic is better regulated and there are very good infrastructural facilities. There is good security in place largely due to the presence of military and paramilitary organisations. There are several event halls which are used for parties and social activities, a big city mall, eateries, clubs and corporate organizations. This makes Ikeja a very good place to buy apartments for sale.
Ikeja is a good place to invest in property and prices of property on this axis yields returns due to fast rate of commercialization and rapid development. For example in Kaffi street, which is beside the city mall, about five years ago, you could get apartments for sale there for between N500, 000 – N600, 000 naira.
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Now, the same property type would command about N2m. In addition to this, residential properties are giving way to eateries, clubs and offices, which were not there in the pre-mall era. Many offices are benefiting as well due to the mall’s large parking spaces (largest in Ikeja) that supports offices in the vicinity and has several options for meetings for business purposes.
In like vein, the Maryland shopping mall is being renovated and would afford Maryland the same privileges being created by the Ikeja shopping mall. Thus the city is becoming rapidly commercialized, reinforcing its status as a predominantly business district.
Different areas are suitable for different apartment types. In G.R.A for example, flats sell fast and are also favoured by expatriates. Opebi on the other hand is a more commercial district and apartments are bought to use as offices. Allen is also commercialized with several banks, clubs and restaurants, so apartments here are mostly used as offices as well. Adeniyi Jones has residential properties as well, which some of which are being sold and converted to office spaces. There are however housing estates which are strictly residential, such as Omole Estate, Alfred Gardens, and Awuse Estate.
You could get 4 units of 6 bedroom apartments for sale at Adeniyi Jones for N2, 500, 000, 000 while a 3 bedroom flat on Awayesere street could be gotten in Ikeja for as low as 800, 000. So whatever your budget or preferences, Ikeja has several options to offer.
Good luck with your apartment hunt!