9 Adebayo Ogunronbi Close, Ogudu Road, Ogudu, Lagos.
info@realtypointltd.com 0805 989 9724
Realty Point Limited
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Prime Estates Igbesa

31 published answers available.

Q21. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g 20, 24months, etc)?

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Nonpayment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract. The developer is not required to put you on notice in this case and this is subject to appropriate deductions.

Q22. Does Realty Point Limited charge interest on the balance of payment?

 Ans:

Q23. Can I start construction or building on the land now?

Ans: You can start building on the land immediately after physical allocation and payment of the stipulated total development levy.

Q24. Are the roads to the estates good and motorable even during raining season?

Ans: Yes the road to P.E Igbesa is very accessible all season.

Q25. Is there any restriction as to the type of building I can have?

Ans: Yes, you are limited to building residential houses within the area designated as residential and commercial structures in areas designated as commercial. Provision of shops in residential houses and building of tenement house type (popularly known as FACE ME I FACE YOU) is not permitted.

Q26.Is there any time limit to commence work on my land after allocation?

Ans: 18 months after allocation for at least fence and gate and after another 5years for structural development, making a total of 6 year and 6 months grace period after allocation.

Q27. Can I re-sell my plot/property?

Ans. Realty Point Limited may buy back plots from subscribers who have paid up on their land or assist to get a buyer. A charge (agency fee) is deducted from purchase/selling/current price in either of the cases. Note that transfer fee is also payable by either of the parties (seller or buyer).

Q28. Will Realty Point Limited assist subscribers in accessing National Housing Fund (NHF) loan? Ans.

Yes, Realty Point Limited has Mortgage Institutions that are ready to partner with us in providing NHF and other Mortgage loan for subscribers.

Q29: What is the sequence of event in this transaction?

Ans: Payment for land Payment for Documentation Letter acknowledging full payment for land and reserving the equivalent of plot(s) paid for within the concerned Survey &Development Levy Deposit. Development Levy Balance or at least commencement of payment and agreed plan for subsequent payment till completion. Allocation by letter Physical allocation of construction Final payment of Development Levy Signing of the Deed of Assignment.

Q30: Can I pay cash to your Agent?

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Otherwise, cheques should be issued in favor of REALTY POINT LIMITED only. Please note that the management of REALTY POINT LIMITED/ PRIME EXCHANGE accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.

Q31: Can there be changes and/or amendment to this offering as it is presently known?

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.