Ayobami Adelani, the Chairman and Founder of IAS Unique Homes and Property, has disclosed that in the last eight years when IAS was established, over 20,000 persons have become landowners while 350 persons have become landlords .
IAS which was founded June 6,2016 has become a household name following it’s great impacts on the lives of the people of the state and beyond.
Speaking during an interview with newsmen to mark eight years of existence of IAS, Adelani described the journey as challenging and worthy.
Reflecting on IAS’s journey since its founding in 2016, Adelani mentioned the challenges of low sales and the difficulties in paying investors on time.
However, he expressed pride in the company’s achievements, such as the successful development of major projects like the Nigeria Immigration Treasure City in Wasinmi, Ogun State, and the IAS Garden City near Alamala barracks.
Adelani highlighted the challenges facing the real estate sector, emphasizing the need for affordable housing projects to be a priority.
Adelani however noted that the current economic conditions in Nigeria, particularly the rising costs of materials like cement, have significantly increased the cost of construction and slowed down the sales.
“The economic reality is really affecting construction,” he said.
He urged the government to continue supporting housing projects that are affordable for all citizens, not just government employees.
He called on the Nigerian government to collaborate more closely with legitimate real estate operators to address the country’s significant housing deficit.
Affordable housing, according to Adelani, can help reduce crime rates by increasing homeownership among the population.
Strategies for Affordable Housing
Adelani proposed that the government should collaborate with registered and efficient real estate companies to create affordable housing.
He suggested a model where the government funds specific building projects managed by real estate firms. “For example, if 20 real estate companies in Abeokuta were asked to build 1,000 houses each, we would handle it well,” he explained.
This collaboration could significantly reduce the housing deficit and prevent building collapses, ensuring safer living conditions.
When asked about the association of real estate with money laundering, Adelani acknowledged that influential individuals, including political leaders, are involved in real estate investments.
However, he clarified that these investments are not necessarily from illicit funds.
The Economic and Financial Crimes Commission (EFCC) now requires approval for opening bank accounts for real estate companies, which helps ensure the legitimacy of transactions.
Tackling Fraud in Real Estate
Adelani addressed the issue of real estate scams, emphasizing the importance of honest incentives for customers.
He said “ IAS Unique Homes and Property offers bonuses and gifts to clients, but ensures these are transparent and proportionate to the purchase value.”
He advised companies to be cautious in their promotional strategies to avoid misleading customers.
For property management, Adelani explained that IAS organizes group chats for new buyers and existing homeowners to maintain and supervise their properties.
Adelani highlighted the company’s commitment to integrity, which has helped build a solid reputation over the past eight.
Adelani praised the Ogun State government, particularly Governor Dapo Abiodun, for their support in protecting buyers’ land and fostering a conducive environment for real estate businesses.
He expressed optimism that with continued collaboration between the government and real estate companies, the housing deficit in Nigeria could be significantly reduced, making homeownership a reality for more Nigerians.
