9 Adebayo Ogunronbi Close, Ogudu Road, Ogudu, Lagos.
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308 published answers available.

Q34. 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.

Q18. Can RPL build for clients?

Ans: Yes, RPL is very willing and positioned to construct for clients. We would be your preferred construction company/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. Also, RPL can also be your best source for quality building materials for your construction activities.

Q2. What are the names of other estates and institutions within 3KM radius of Prime Estate “Abuja”?

Ans: PE “Abuja”: Close proximity to Goshen City (Winners Chapel), Bingham University, Redeemed Camp Ground, FRSC Estate, Deeper Life Camp Ground, Proposed site for Matthew Ashimolowo University, Catholic Church University, Royal Court Estate, etc.

Q3. Who is the developer of Prime Estate “Abuja”?

Ans: Realty Point Limited.

Q4: What is the price per plot for residential and commercial plots respectively?

I   N1350,000 per plot Outright payment (0-3 monthly installment)   II N1,650,000 per plot payable in 20equal monthly installments   III N1,850,000 per plot payable in 36 equal monthly installments   Please note that a corner piece attracts an extra charge of N100, 000 (One Hundred Thousand Naira).

Q5. What is the size of residential/commercial plot?

Ans: We have 2 sizes and they are approximately 650sqm and 450sqm for residential while commercial plot sizes 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 650sqm or 450sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa.

Q6. Any special infrastructure?

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

Q7. Is there any encumbrance on the landed properties?

Ans: The landed property is free from every known government acquisition and no adverse claimant.

Q8. What types of infrastructure will the developer provide?

Ans: Perimeter fencing, earth road, transformer and connection to the national grid, 2 boreholes randomly sited to assist during construction.

Q9. What infrastructure will the developer not provide with the purchase price?

Ans: Electric poles and strings, piped water system, drainage and road network.

Q10. How will increase in price affect subscribers?

Ans: Increase in price will not affect existing subscribers in any way except if/when they default in their installmental payments or want to subscribe to additional plot(s).

Q11. What other payments do I make apart from the payment for the land?

1. Legal Documentation Fee: 3% of sales value but not less than N20,000 2. Survey Fee: N90,000.00 per plot 3. Development Levy Deposit: N1,200 per sqm 4. Plot Maintenance Fee: N1,000 monthly Thereafter, Estate Services & maintenance Fee becomes payable per annum 12months after allocation. 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 are subject to review. b. Where review of any fee takes place before a subscriber completes such payment, the reviewed amount is what becomes payable by the subscriber.

Q12. What do you mean by Development Levy?

Ans: Development Levy is the amount payable for infrastructural development in the estate. It is determined on a per square metre basis so that the amount payable by a subscriber is directly proportional to the actual size of the plot(s) allocated.

Q13. What is the Development Levy used for?

Ans: Provision of drainage, electric poles and strings for the distribution of power, water and road network.

Q14. When do I pay Development Levy?

Ans: The development levy is expected to be paid as follows:- N1200 per sqm x 650sqm/450sqm x (the no of plots) will be due for payment along with survey fee after completion of payment of land and documentation before paper allocation. The difference (credit to the subscriber if allocated plot is less than 650sqm/450sqm and debit his/her account if it is more than 650sqm/450sqm) must be paid before physical allocation of plot(s).

Q15. When will my plot(s) be allocated to me?

Ans: Paper allocation will take place after completion of payment for land, documentation, Survey and Development levy deposit. Physical allocation takes place after all necessary payments have been made and account reconciled between both parties as regards size of plot(s) allocated. i. Kindly note that the fees and levy stated above are subject to review. ii. Where review of either the fee or levy takes place before a subscriber completes such fee/levy payment, the reviewed amount is what becomes payable by such subscriber.

Q16. Can I start construction or building on the land now?

Ans: Yes, you can start building on the land immediately after physical allocation and payment of the stipulated development levy.

Q17. What do I get after completion of payments for the land, document and survey?

Ans: Receipt(s), Welcome letter, Deed of Contract, Congratulatory Letter, Letter of Allocation, Estate Covenants, Survey Plan and Land Handover Certificate/Deed of Sublease/Assignment.

Q18. Does Realty Point Ltd have Certificate of Occupancy (C of O)?

Ans: We have the Purchase Agreement, Land Perimeter Survey, Land Topography Survey, Site Layout, Right of Occupancy(R of O) on the land and the Certificate of Occupancy(C of O) is in process

Q19. What about Omo-oniles?

Ans: You will not have any nexus with omo-oniles. No omo-onile wahala.