9 Adebayo Ogunronbi Close, Ogudu Road, Ogudu, Lagos.
FAQs

Answers buyers ask before they commit.

Find answers about Realty Point projects, payment plans, inspections, allocation, titles, and service processes.

Need Help?

Still unsure about a project?

Speak with the Realty Point team to confirm availability, current pricing notes, payment schedules, allocation details, and inspection timing.

Ask on WhatsApp
Categories

All questions

242 published answers available.

Q15. What other value added service(s) is Realty Point Limited (RPL) set to provide for subscribers into the estate?

Ans: RPL shall be on the site for a period of 2-4years to allocate and set up the initial Landlord Association starting from September 2013 unto August 2017 at the most after which the Estate shall be handed over to the Landlord & Resident Association in its entirety.

Q16. How will the estate be managed and maintained?

Ans: The estate shall be managed by the Landlords & Residents using the vehicle of the Association or any other party she delegates to act on her behalf after RPL hands over. RPL can also be engaged to render such service to the Association, it will be our pleasure.

Q17. What happens if I cannot complete payment or default in the payment of the monthly subscription?

Ans: You will qualify for a refund of total money paid less 30% as administrative expenses subject to resale.

Q18. Can I pay a deposit and pay balance anytime within the duration of tenure?

Ans: After the payment of the initial deposit you are expected to pay the balance monthly at least. None payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract.

Q19. Does Realty Point Limited charge interest on the balance of payment?

Ans: No, the transaction is interest free once stated payment schedule is adhered to

Q20. Can I start construction or building on the land now?

Ans: You can start building on the land immediately after physical allocation.

Q21. Is the road to the estate good and motorable even during raining season?

Ans: Yes the roads to the estates are good and motorable all season.

Q22. Is there any restriction as to the type of structure I can build?

Ans: Yes, you are limited to building residential houses only and such must be as approved by relevant Government Authorities/Agencies. However, building of tenement house type (popularly known as “FACE ME I FACE YOU”) is not permitted.

Q23. Is there any time limit to commence work on my land after allocation?

Ans: You are encouraged to start work immediately after the physical allocation of your plot.

Q24. Can I resell my plot/property?

Ans: Realty Point Limited may assist subscribers who have paid up on their land to get a buyer, the subscriber is also encouraged to get buyers or engage the services of Property Agents in doing so. A charge (agency fee) is payable if Realty Point Limited sells for a subscriber.

Q25. What is the process for the transfer (or change of name) of ownership of the 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 honour transfers once full payment for land has been made. Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which title documents and a Purchase Agreement can 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 with the consent of the original buyer (seller now) attracts a fee. A non refundable Transfer Fee per unit of plot is also payable before the Property Transfer Form can be treated. Please note that the transfer fee is subject to review.

Q26. What is the sequence of event in this transaction?

Ans: i) Payment for land ii) Congratulatory & Allocation by letter iii) Payment for Survey and Documentation iv) Physical allocation and induction into Landlord Association.

Q27. What is the relationship between RPL and Prime Exchange Limited?

Ans: RPL is the developer as earlier said while Prime Exchange Limited is the sole authorized sales agent for The Harbour Estate, Mayfair-Lekki.  The sales of The Harbour Estate cannot be done by any other person other than sub-agents of Prime Exchange Limited and/or RPL staff.

Q28. Can I pay cash to your Agent or sub-Agents??

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid only into PRIME EXCHANGE LIMITED/REALTY POINT LTD designated bank accounts. Otherwise, cheques should be issued in favour of PRIME EXCHANGE LIMITED/REALTY POINT LTD only. Please note that the management of REALTY POINT LIMITED and/or PRIME EXCHANGE LIMITED accepts no responsibility

Q29. Which of PRIME EXCHANGE LIMITED’s Bank account(s) is (are) designated for this project?

Ans.  GTBank Plc, Account Name: Realty Point Limited A/C Number: 000754781

Q30. Any other thing to note when making payments into any of these?

Ans. Always ensure that at the bank you indicate your name as we have it in our records as the depositor even if/when you send someone else to the bank. This will help our internal accounting process. One more very important thing please; Also, we expect that you will send in your payment details as soon as it is made through your sales agent/contact. Your agent should notify you as soon as your land subscription account with us is credited.

Q31. How can I see the place?

Ans: 3 ways really; 1st- We conduct site inspections on appointment only from Tuesdays – Saturdays (except on Environmental Sanitation Saturdays) and leave from the front of Mayfair Garden by 12noon or any other time as may be agreed when you call. 2nd – your contact person/Agent can take you there at an agreeable time between the two of you. 3rd – Otherwise you can do virtual tour, especially if you stay outside of the country. Check the websitewww.realtypointltd.com You can call any of our office numbers to register your interest for inspection and get the movement details. Prospects that drive are encouraged to come in their vehicles to reduce pressure on the one(s) to be provided by the company. Note, the road is very motorable all season as it is tarred to the point you branch to the site.

Q33: 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/PRIME EXCHANGE 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/PRIME EXCHANGE LIMITED.

Q34. How do I contact RPL and/or Prime Exchange Limited if need be?

Ans: A. To reach RPL Call our customer service desk 08059899724/09095722 635 E-mail: customerservice@realtypointltd.com B. To reach RISA Call our customer service desk 0805 9899 724 / 0909 5722 635 E-mail: info@realtypointltd.com

Q1. What type of development do we call Igbeyinadun Layout Schemes and who is the developer?

Igbeyinadun Layout Schemes are Land-Banking Plot Sub-division developments by REALTY POINT LIMITED (RPL). They are projects conceptualised to enable subscribers bank their money on land so as to better store/preserve the value of money over a long term. Subscribers to these schemes will be living the age old sayings that “the best investment on Earth is Earth” and “you do not wait to buy land, you buy land and wait”. The fact that land has been identified as one of the best stores of value. We believe what the former USA President; Franklin D Roosevelt said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” And Igbeyinadun Layout Schemes are our own way of making this possible for middle and low income earners. 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 Igbeyinadun Layout Scheme, Ofada – Kobape