Managing Director of Crowdprice, Funsho Omole, has called for greater emphasis on sustainable real estate development, saying quality housing should go beyond the construction of buildings to creating communities that deliver long-term value for residents and investors.
Speaking on the Ask the Expert segment of TRADE FM’s Breakfast Business Briefing, Omole said sustainable communities are built on durable infrastructure, proper urban planning, effective drainage systems, quality roads, security, green spaces and essential social amenities. According to him, developers should focus on creating environments that remain functional and attractive for decades rather than delivering housing projects designed only for short-term gains.
He noted that affordability should not be measured by the lowest purchase price alone but by the long-term cost of owning and maintaining a property. Omole advised prospective homeowners and investors to prioritise quality construction, verify land titles, investigate a developer’s track record and assess the growth potential of a location before committing to any investment.
The real estate expert stressed that transparency in land documentation and project execution is essential to restoring public confidence in Nigeria’s property market. He urged developers to be open about project documentation, avoid hidden charges and deliver on their promises, while calling on government to strengthen regulation and improve land administration to reduce fraudulent transactions and encourage investment.
Omole also highlighted the growing role of technology and renewable energy in modern real estate development, noting that digital project management tools, smart security systems, solar-powered infrastructure and energy-efficient building designs are improving estate management and residents’ quality of life. He added that flexible mortgage schemes and payment plans are making home ownership more accessible for Nigerians.
Looking ahead, Omole identified Ogun State as a major growth corridor for real estate investment, citing ongoing infrastructure projects, including the Gateway International Airport and major road developments, as key drivers of future property appreciation. He also predicted increased investment from Nigerians in the diaspora, saying the trend would encourage greater professionalism, accountability and transparency across the real estate sector.
Funsho Omole advocates sustainable real estate development, urges transparency in property investment
