Demolishing of properties in Lagos raises worries about property stability - Emmanuel Jonah

The Chairman/Founder of Obiman Group, Emmanuel Obiutom Jonah has advised fresh developers, especially those of Igbo descent in Lagos and other parts of the country to conduct thorough market research, stay updated on local regulations, and build a reliable network within the real estate community to avoid losing properties to the government.

The CEO of SmartBest Technologies and Luxecraft Interior said this in reaction to the several palatial houses in various estates within the Amuwo Odofin Local Government Area which were a few days ago pulled down by officials of the Federal Housing Authority for allegedly contravening housing and development regulations.

He said: "House demolitions in Lagos State is a concern for both investors and Nigerians. It raises worries about property stability and investments. As a realtor company, navigating this situation involves staying informed, reassessing risks, and adapting strategies to address uncertainties in the real estate market."

"For fresh developers, especially those of Igbo descent in Lagos and other parts of the country, my advice would be to conduct thorough market research, stay updated on local regulations, and build a reliable network within the real estate community. Understanding the unique dynamics of the Lagos real estate market, having a solid business plan, and fostering good relationships can contribute to successful development ventures."

Obiman Group Boss noted that his humble background played a vital role in making him a successful businessman.

He as well opened up on his journey to entrepreneurship. "Coming from a humble background, my interest in Tech business and real estate sparked from a desire to leverage opportunities for growth and stability. The transformative impact of technology fascinated me, inspiring a keen interest in the Tech sector. Simultaneously, the tangible nature and long-term investment potential of real estate caught my attention, offering a pathway to financial security. This journey reflects my aspiration to navigate beyond humble beginnings, finding avenues for success and impact in both the dynamic Tech industry and the stability of real estate.

He added: "In my role as Chairman/Founder of OBIMAN Group, overseeing subsidiaries like SmartBest Technology and Luxecraft Interior, crafting our brand involved a meticulous alignment of values with market demands. One of the most challenging sacrifices in our growth journey was the significant personal time invested to guarantee success. Striking a balance between professional and personal life required a substantial commitment, underscoring the passion and dedication integral to our brand's triumph.

Asked what influenced his career path, Jonah said: "My career path has been shaped by a dual influence – the dynamic landscape of the technology sector and the enduring stability of real estate. The rapid evolution and transformative power of technology have been compelling forces, inspiring me to navigate the complexities of the Tech industry. Simultaneously, the tangible nature and long-term investment potential in real estate have contributed to a balanced and resilient business strategy. These combined influences have guided my journey as the CEO of a company bridging the realms of technology and real estate."

Carving a niche from wealth of his experience, the serial entrepreneur expressed what keep them at forefront of the business: "In establishing our Tech company and Real Estate/Interior Decor venture, the journey has been marked by a strategic blend of technological innovation and creative design. Navigating the dynamic tech landscape and addressing market dynamics in Real Estate and Interior Decor required meticulous planning. This endeavor involved assembling a dedicated team, ensuring a harmonious blend of aesthetics and functionality, and maintaining an unwavering commitment to excellence. The journey is characterized by continuous learning and a passion to create a lasting impact, driven by our dedication to innovation and a deep understanding of evolving market needs.

Sharing his other endeavours, the Realtor hinted that he also has interest in entertainment; the music industry to be precise.

"YC Records, part of the Obiman Group, is a record label currently housing the talented artist Lucid Vibr, whose EP is available on all streaming platforms. As for the future of YC Records in the Nigerian music industry, we are committed to nurturing and promoting exceptional talents like Lucid Vibr. Our vision includes expanding our artist roster, collaborating with industry influencers, and leveraging innovative strategies to establish YC Records as a significant player in shaping the dynamic landscape of Nigerian music," he assured.

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Source: Legit.ng