Where is Stockland Real Estate Limited located?
Stockland Real Estate Limited is situated at 4, Owode Oyeleja Drive, opposite Sweet Sensation, Tipper Garage Bus Stop, Ketu Lagos.
Who are the developers of the estates mentioned?
Stockland Real Estate Limited is the developer of all the listed estates.
What is the title on Stockland Real Estate Limited estates?
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The estates hold a Global Registered Survey Plan and Freehold titles. For example, the title on Regent’s Park and Gardens, Agbowa-Ikorodu is Freehold.
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How accessible are the estate properties of Stockland Real Estate Limited?
All estate properties are highly accessible due to established road networks.
Is there a developmental levy?
Yes, there is a developmental levy (also referred to as the “infrastructure fee”) used for the provision of modern infrastructure, including perimeter fencing, drainage systems, road networks, street lighting, recreational facilities, and green areas.
Will there be any survey fees?
Yes, survey fees apply, and the cost varies based on the specific estate project.
What is the cost of a deed of assignment?
The legal documentation fee for the deed of assignment is ₦50,000, subject to future upward review.
Are there extra charges for commercial plots and corner-piece plots?
Yes, additional charges apply as determined by the management of Stockland Real Estate Limited.
When will my plot(s) be allocated to me?
Allocation occurs after full payment of all required fees, including the developmental levy, legal documentation fees, and survey fees, alongside confirmation of readiness to develop the land by the construction department.
What do I get after full payment for the land?
Upon full payment, you will receive:
- A letter of confirmation from the Managing Director/Chairman
- A purchase receipt
- A contract of sale
- A letter of allocation (both provisional and/or physical). Physical allocation signifies readiness for the purchaser to build/develop.
Can I pay cash directly to a consultant?
No, all payments must be made to the company’s designated accounts. Stockland Real Estate Limited does not take responsibility for payments made outside of this guideline.
Can I request a refund if I no longer want the plot after payment?
Yes, refunds are possible, subject to the terms and conditions. A 40% administrative charge will be deducted.
Can I resell my plot(s) or property?
Yes, resale is permitted. However, the company must be informed to ensure proper documentation.
Is there a time limit to start building on the allocated land?
No, there is no time limit to commence development. However, building plans must be approved and appropriate authority approvals obtained before construction begins.