₦500,000,000
Land joint venture
Land Measuring 500SQM
Ilupeju, Lagos
Premium
Land joint venture
2700SQM Land Opportunity
Palmgrove, Ilupeju, Lagos
₦2,700,000,000
Ref ID: #377-416-1
Advertiser ref: Golden
Posted 13 Nov 2026
13 Nov 2026
Added yesterday
Call agent
Choose a number to call
The Build Centre Properties
Tap a number to start a call. Standard call rates may apply.
2,700 m²
Plot size
Land
Property type
About this property
Joint venture opportunity --- ILUPEJU/Palm Grove Estate A substantial development opportunity is available at Macaroni, Ilupeju Estate, Palm Grove, Lagos. The landowner is seeking proposals from qualified developers for a proposed terrace-housing project. Property Details
- Location: Macaroni, Ilupeju Estate, Palm Grove, Lagos
- Land size: 2,700 sqm
- Indicative land value: ₦1,000,000 per sqm
- Indicative total land value: ₦2,700,000,000 (₦2.7 billion)
- Title: Lagos State Certificate of Occupancy (C of O)
- Survey plan: Available to serious developers
Proposed Development
- Proposed project: 15 terrace units
- Developer/investor's share: 8 units
- Landowner's share: 7 units
- Sharing arrangement: Subject to negotiation and final agreement
- Developer proposals: Open to alternative proposals
Commercial Terms
- Premium: ₦100,000,000, subject to negotiation
- Facilitator's fee: 8% net
Submission Requirements Interested developers are requested to provide: 1. A Letter of Intent (LOI) 2. A company profile 3. A facilitator's fee letter The proposed development, sharing ratio, premium, and other commercial terms are subject to negotiation and formal agreement. Interested parties should conduct independent legal and technical due diligence and verify all property documents before proceeding.
Property details
Reference ID
#377-416-1
Advertiser reference
Golden
Listed by
The Build Centre Properties
Property type
Land
Listing status
Land joint venture
Plot size
2,700 m²
Area guide — Ilupeju
Interesting Facts
Are you aware that Indians dominate Ilupeju? This is why the area is known as "Indian Village." They are drawn to Ilupeju because it is a well-planned, tranquil, and structured community. The blend of Indian and Nigerian...
Leisure and Shopping
Ilupeju inhabitants have easy access to shopping centres and groceries. SPAR, the well-known supermarket chain, has an outlet nearby. Zartech Limited sells frozen food like Chicken and Fish. Other places to shop for home...
Popular Estates
Ilupeju has become one of the most tranquil and pleasant communities in Lagos as a result of the mix of Indians and Nigerians that live there. You may feel confident that living in Ilupeju will be a delight. Popular esta...
Day Life
Ilupeju has a plethora of fun activities and locations to visit for its citizens. Shodex Garden and Olotunda Park are both excellent places to unwind. Zaika Ilupeju Indian and Chinese Restaurant specialises in delectable...
Night Life
If you are a nightcrawler, you will enjoy the atmosphere, the food, the beverages, and so much more at places like Captains Bar, Bar Enclave, Big Joe Bar, and Salt 'N' Pepper Gold Lounge in Ilupeju.
Schools
Ilupeju is a calm and serene environment; be certain that the schools here are more than conducive to your child’s learning. Enrol your kids in popular schools like Treasure House School, Awesome College, Amville School,...
Read the full area guide for Ilupeju, Lagos
Similar properties in Ilupeju
More land for joint venture in Ilupeju
Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
