Answers buyers ask before they commit.

Ans: To aid development and maintain healthy value appreciation, allocated subscribers are encouraged to start construction immediately. They can start the fence work around the perimeter of their property or the foundation work of the main construction. RPL and other company in our group shall be there to give every support and encouragement we can to facilitate speedy development of the estate.

Ans: P.E 1 & P.E 2 on Papalanto Road, Ofada via Mowe, Obafemi Owode Local Government Area, Ogun State. About 25minutes drive from Lagos end of the toll gate.

Ans: For P.E 1 & P.E 2, Jubilee Golden Estate, Redemption camp, the Redeemer University, Intercontinental bank training school, Cornerstone Estate, University, KICC University (proposed), Graceland Estate, Trinity Secondary school, U.A.C Co-Op Estate, Union Homes Staff Co-op Estate, Master Golden Estate, Good Shepherd Homes, Parkland Meadows, Rosebud Gardens, Honey Land Estate, Resort Estate, etc.

Ans: Not really, except otherwise determined by the CDA. But tenement house types (popularly known as FACE ME I FACE YOU) are not permitted. And no shops are allowed in front of houses. There are designated commercial areas within the estate where all commercial activities are to take place

Ans: Realty Point Limited. 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 Marketing Syndications.

Ans:To aid development and maintain healthy value appreciation, allocated subscribers are encouraged to start construction immediately. They can start the fence work around the perimeter of their property or the foundation work of the main construction. RPL and other company in our group shall be there to give every support and encouragement we can to facilitate speedy development of the estate.

Ans:    Residential Plots  Commercial plots P.E 1  Not available (N/A)  Not available (N/A) P.E 2 Only Available in Secondary Market with the following payment options: N2,400,000 (Outright or 3 Months)  N4,500 per/sqm (Price inclusive of plots & Development Levy)

Ans:Realty Point Limited can assist subscribers who have paid up on their land to get a buyer or they can come up with a buyer themselves, whichever comes first. A charge on the sale price (agency fee) is payable if Realty Point Limited sells for a subscriber.

Ans: For investors who are not really keen on developing their plot(s) within the estate, you can concern yourself with just paying for the land. The payment for Documentation, Survey, plot size reconciliation settlement, plot maintenance fee(where applicable)and Development Levy can be left to whoever you sell your holding in the estate to later or such a time that RPL calls for buyer(s) to come forward for their plot allocation. The Plot Maintenance fee payable per month or per annum after the first anniversary of completing your payment for land is however payable till the plot is sold. Your intending buyer can check (conduct a search) and confirm your claims of having landed investment in the estate from our office before the purchase is made. This shall be done in writing and shall be at a fee per property.

Ans: We recognize that buyers may need to sell their purchase for varying reasons. However, due to the administrative and legal issues required in the proper transfer of these purchases, we would only honor transfers once full payment for land(plot) has been made. Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which necessary documentation shall be issued to the new owner (buyer). Plot ownership verification, an exercise which should take place in writing and in our office by the new buyer if he/she so desires with the consent of the original buyer (seller now) attracts a fee. A non-refundable Transfer Fee (reviewable from time to time) per unit is payable before the Property Transfer Form can be treated

Ans:  While we are not discrediting anybody, we strongly advice that cash should be paid to Realty Point Ltd designated bank accounts. Otherwise, cheques should be issued in favour of Realty Point Ltd only. Please note that the management of Realty Point Ltd accepts no responsibility for any liability that may arise as a result of deviation from the above instruction. NOTE: ALL FEES ONCE PAID ARE NON REFUNDABLE.

Ans: The real estate industry just like most others is a dynamic industry and as such things get to change from time to time most especially for the better. However any change, amendment or modification shall be communicated and endorsed by REALTY POINT LIMITED. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters and any other means of communication. This correspondence shall be deemed to have been received by the CLIENT having been sent by REALTY POINT LIMITED.

Ans: Approximately 648 square meters or 60ft x 120ft or 18meters x 36 meters for Residential and Commercial plots are as indicated in the approved layout. When allocated, account between RPL and the subscriber will be reconciled as to the actual size of the allocated plot(s). Where allocated plot is less than 648sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa.

Ans: Green parks, Police/Security Post. These are to be maintained by RPL on behalf of the residents.

Ans: Before we commenced these projects, our thorough investigation reviewed that the landed properties are free from every known government acquisition and no adverse claimant.

Q8. WhAns: Perimeter fencing, earth road, transformer and connection to the national grid, boreholes randomly sited to assist during construction.at types of infrastructure will the developer provide?

Q9. What infrastructure will the developer noAns: Electric poles and strings, piped water system, drainage, and road network.t provide with the purchase price?

Ans: Increase in price will not affect existing subscribers in any way except if/when they want to subscriber for additional plot(s).

Ans:  i) Survey fee: N150,000.00/plot (Individuals) or N214,500 / plot (Commercial/corporate body) ii) Legal Documentation fee: N100,000 per plot iii) Development Levy:  N972,000 per plot (1,500 per sqm) iv) Electricity Connection Fee: N50,000 v) Plot Maintenance Fee: N2,000 monthly Thereafter, Estate Services & maintenance Fee becomes payable per annum 12months after allocation Plot Maintenance Fee: This applies only to a subscriber that is not coming forward to fulfill the requirements for allocation after paying for the plot(s).  It becomes due and starts to accrue 12months after the completion of payment for plot (i.e the 13th month) till the client steps forward and fulfills all the necessary conditions for allocation.  When necessary payments for allocation are to be made, arrears of Plot Maintenance Fees will have to be paid first. a. Kindly note that the fees stated above (i–v) are subject to review and to be paid per plot b. Where review of any fee takes place before a subscriber completes such payment, the reviewed amount is what becomes payable by the subscriber.

Ans: Yes, Legal fees – N100,000 (subject to review) and VAT – 5% of the purchase price payable on demand (Kindly note that these fees are non-refundable).