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Irepodun Layout Schemes are Plot Sub-division developments by REALTY POINT LIMITED (RPL). They are projects conceptualised to better deliver on our brand slogan; “Sack Your Landlord” to assist middle and low income earners become home owners starting with the purchase of land. Realty Point Limited (RC 621592) is a dynamic multifaceted Pan-African real estate going concern primarily involved on the supply side of the industry, with a strong presence in Real Estate Development, Investment, Training/Consultancy and Real Estate Investment Aggregation since 2005. FAQs of Irepodun Layout Scheme, Ofada – Owode Egba
We strategically pick locations all across the Country where our target market can buy and start building their homes with little or no hindrance and limitations offering the backing we can provide to make their experience far better than what it would have been in the hands of traditional land owning families. Specific locations are as stated in the marketing materials and as buyers fill out on their application forms.
Approximately 500 square metres per plot (100 ft by 50ft), except otherwise stated.
Irepodun Layout Scheme, (500sqm approximately or otherwise stated) Prices for either residential or commercial plots are as determined and communicated from time to time
We ensure that the landed properties are free from every known government acquisition and no adverse claimant.
RPL shall open up the road network within the layout and ensure where possible that National Power Grid is brought to the front of the Layout Scheme.
RPL shall commence the process of assisting to institute and register a Community Development Association(CDA) for the Layout Scheme once up to 5 plot buyers have fully paid up for their plots and allocated within the layout. The CDA shall be responsible for community relations, running and promoting the development of the layout scheme thereafter.
CDA is a voluntary long-term standing body set up to assist in the upkeep and development of the Layout Scheme. Every Buyer/Allottee/Resident within the Layout Scheme by buying into and/or accepting allocation of plot(s) or residing within the Layout Scheme hereby agrees to be a member of the CDA, a membership that cannot be separated from the purchase/ownership of plot(s) and/or residence in the Layout Scheme.
The founding members shall be the first 5 allotees in the Layout Scheme who take possession of their land within required timeframe and discharge their responsibilities within the layout Scheme and to the Developer without drag, delay or discord. The CDA shall be constituted in a meeting to be called by the Developer once there are up to five(5) alloteess. Deleibration at that inaugural meeting and subsequent meeting of the CDA as spelt out in the CDA’s constitution shall be binding on all allottee/plot owners within the layout Scheme.
The developer is not charging subscribers for Development Levy. The CDA will do that at the appropriate time and communicate to subscribers and allottees as required from time to time. The developer shall be available to offer guidance when and if required. Note however that all customary fees (e.g Family receipt, Job Card & security, foundation, decking and roofing fees) payable on land shall be payable in this case. Payments shall be coordinated by RPL and her agents on the site and there shall be no nexus with Omo Onile to prevent any Omo Onile wahala for subscribers and allottees.
Increase in price will not affect existing subscribers in any way except if/when they fail to keep up with existing terms of payment or want to subscribe for additional plot(s) after price change increased.
Other payments to be made before a subscriber can be allocated are; Legal Documentation Fee Survey Fee Family receipt fee, Job Card and all other Customary fees CDA Development/infrastructure fee as may be decided by the CDA Kindly note that the fees stated above shall be as fixed from time to time.
Paper Allocation and thereafter site physical allocation will be done immediately all the payments in Q12 i – iii are made. Physical allocation will be done in batches; subscribers will be notified. However, note that possession and occupation of the plot(s) shall be deemed to have commenced from the date fixed for handover and all risks and benefits in respect of the property shall pass to the purchaser.
We allocate progressively on first in line basis at the discretion of the company. However, preference shall be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee.
Yes, you are in fact required to take physical possession of your land within 3months of allocation by way of at least erecting a perimeter fence of not less than 9coaches of 6”/9” sandcrete block and putting a Gate failing which the land can be reallocated to a more ready subscriber and you will be re-allocated when ready and we still have plot(s) to be allocated in the scheme or you are relocated plot at another scheme at the company’s discretion or refunded your payment less administrative charges. Note that re-allocation may attract extra charges.
Yes, RPL is very willing and positioned to construct for clients. We would be your preferred construction contractor because the fact that we are on ground and shall be handling multiple units give us great economy of scale, making our pricing difficult to beat by any external/outside builder without compromising quality. We can handle the whole building process from architectural design, bill of quantity, building approval processing to actual construction for any client. Also, RPL is your best source for quality building materials for your construction activities.
Deed of Contract (when you are paying in instalments), Company receipt(s) for each payment and Congratulatory/provisional Allocation Letter.
Contract of Sale between us and the land owning family/seller, Irrevocable Power of Attorney from the original land owning family/seller Deed f Assignment(s) Land Information Certificate on part of the land to show it is free and unencumbered
You will coordinate the omo-oniles end and you should not have any omo-onile wahala. We already pre-arrange and shall mediate between our buyers and omo-oniles on all issues of customary payments to them to protect our buyers.
RPL shall manage the Layout Scheme site for up to a maximum period of 3years starting from August 2023. Thereafter, the CDA as will be constituted shall take over the administration of the Layout Scheme.
