Spokesman for the National Emergency Management Agency, (NEMA), South-west zone, Ibrahim Farinloye, said that four people have died and six others have been rescued.

Rescue operations are still ongoing at the scene.

Details shortly.

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Based on market trends, infrastructure developments and commercial, residential and industrial real estate opportunities, I consider these five cities to be the strongest contenders when deciding where to put money in property.
Mexico City, Mexico

Mexico’s government recently announced a strategy to increase the country’s competitiveness and productivity, with projects focused around six sectors, including transport, urban development and tourism.

Infrastructure changes include the development of a new airport in Mexico City, which is expected to be one of the largest in the world. Connections will suddenly improve drastically between Mexico and other countries, and this will likely lead to a sharp rise in property prices, heightened demand for residential and commercial real estate, and a rise in the urbanisation rate.
Surabaya, Indonesia

Surabaya, on the Indonesian island of Java, has a great amount of potential for real estate investors. It has a large, diverse economy, a strong retail sector, and a rapidly developing infrastructure.

The local government is working to connect the east and west sides of the city, to attract foreign investment and encourage businesses to take advantage of the city’s growing office space.

Another attractive feature Surabaya is the high level of safety there – according to Indonesia’s National Police chief, it is one of the safest cities in the country.
Lagos, Nigeria

Nigeria is fast cementing itself as one of Africa’s powerhouses, and as the economy gets ready to take off, a large number of investment opportunities are appearing across the city.

Lagos’s growing middle class, developing infrastructure and rapid urbanisation are all factors attracting interest from both multi-national corporations and exciting new startups. The number of expatriates arriving in Lagos is also driving the growth of the city’s luxury and commercial property sectors, with demand increasing for high-end accommodation, mixed-use developments and hotels.
Colombo, Sri Lanka

Sri Lanka’s largest city and commercial capital is undergoing a dramatic transformation. In recent years, we’ve seen skyscrapers changing the city’s skyline as its infrastructure and economy both strengthen.

Hand-in-hand with this comes a greater pulling power on both domestic and international investors. As with Lagos, Colombo’s growth is driven by rural to urban migration, which is leading to an increase in demand for affordable, yet high-quality property.

We’re also seeing wealthy Sri Lankans returning to the country now that the civil war is over, and many of these are search of high-end accommodation. This, together with improvements to infrastructure, inner-city transportation and cross-country connections, is creating an abundance of opportunities for investors in the city.
Dubai, UAE

In the coming years, rising investment, population growth and increased tourism are forecast to drive demand in the United Arab Emirates real estate market.

Dubai is, of course, at the centre of this. Figures released by the Dubai Land Department (DLD) show that about 19,848 investors from 142 countries invested in the city’s real estate sector during the first half of 2014.

Other figures from the DLD revealed that foreign investment in Dubai’s property sector reached $14.4bn in the first half of 2015. As the city continues to attract high interest from international buyers, we can be confident in the future of Dubai’s real estate market.

The post Looking beyond London: These are the five best cities to buy property in right now appeared first on 9japroperty.

The LSPWC, in a document made available to our correspondent, stated that the number of roads worked on had significantly improved due to the fundamental changes and innovations brought about by its executive chairman, Mr. Gbenga Akintola.

According to the document, in 2009 the roads maintained were 176, while in 2010, 2011, 2012, 2013, and 2014, the numbers increased to 212, 568, 705, 988, and 1,135 respectively, with 320 already worked on so far this year.

The corporation said in the period, it also introduced interlocking paving stones for road maintenance as solution to making roads in water-logged areas with severe drainage challenges last longer.

The statement read in part, “In order to consolidate this method in a more efficient way, the corporation established paving stones and kerbs production factories in its yards in Ojodu-Berger and Badagry. The corporation also proposed and received the governor’s approval to set up two new asphalt plants in Imota, Ikorodu and Ajido, Badagry.

“These two plants have production capacity of 160 tonnes of asphalt per hour. While the one in Imota was inaugurated by the governor in February 2014; that of Badagry is presently awaiting inauguration even though it has started full operation since December 2014.”

According to the document, the Imota plant covers over 420 roads located in Ikorodu, Epe, Ibeju-Lekki and parts of Eti-Osa local government areas, while that of Badagry caters for over 400 roads in Ojo, Amuwo-Odofin, Ajeromi-Ifelodun and part of Alimosho local government areas.

It noted that the corporation had also commenced full-scale construction of selected roads in the state.

“From sometime in 2012, the Lagos State Government, having realised the beef-up in the capacity of LSPWC, began to assign certain roads to the corporation for full-scale construction, involving drainage work, road surfacing, culverts as well as installation of street lighting facilities and lane marking. This has been of huge benefit to tax payers as such works are done via direct labour approach, thereby helping the government to cut costs significantly,” the document stated.

Some of the roads done under the arrangement, it added, included Emmanuel Kolawole Street, Somolu; Soluyi Street, Kosofe; Ladipo Kuku and Allen Avenue, Ikeja; Oba Adeboyega, Epe; Oshundairo Street, Agege; Oluodo Road, Ikorodu; and Jamiu Alli Balogun, in Apapa, among others.

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