Infrastructure plays a critical part of a country’s development. Its role in real estate development cannot be overemphasized. As a matter of fact, infrastructure facilities contribute immensely to demographic movement and population growth, and accounts for why economic growth is faster in some cities and economies than others.
Infrastructure is not only a top factor in driving where real estate development happens, its upgrades is a strong priority for future investments while offering opportunities for real estate investors to participate in the positive dynamics that follow such investment cycles.An insight into the economies of the Asian countries, particularly China reveals that several opportunities for real estate market and development arise from infrastructure development.
Like I stated earlier, good and efficient infrastructure is a key influencer of where real estate investment goes and where real estate investors focuses. And because real estate significantly drives the economy, government’s efforts are geared towards provision of power, rail, road and bridges construction and rehabilitation with utmost intensity.
What would this project which would allow direct and unhindered access from Ikorodu and its large suburb to the Island and the Lekki Free Trade Zone area translate into for the real estate market in Lagos?