PROCUREMENT AND CONSTRUCTION

INTRODUCTION​

Bilaad Realty is developing a 24 number (Twenty-Four Number) 2 (Two) suspended-floor detached triplexes and an eight suspended-floor multi-use high rise building at its Project located at Guzape — Abuja.

Also developing in Lekki — Lagos, is another eight suspended-floor multi-use high rise building.

We therefore invite competent, financially stable, qualified contractors with cognate experience and established performance on similar projects to express their interest by submitting bids/tenders (Technical and Financial) in consideration for the under listed works, in an Open Competitive Bidding Process.

ELIGIBILITY requirements

 A. Evidence of Certificate of Incorporation issued by the Corporate Affairs Commission (CAC)including Form CAC 1.1 or CAC2 and CAC7

B. Evidence of Company's Income Tax Clearance Certificate for the last three (3) years valid till 31STDecember, 2021; with minimum average annual turnover of: N180,000,000 (One Hundred and Eighty Million Naira only);

C. Evidence of Pension Clearance Certificate valid till 314 December,2021 (applicable where number of staff is at least 15).

D. Evidence of Industrial Training Fund (ITF) Compliance Certificate valid till 31st December, 2021 (applicable where number of staff is at least 5 or at least 150m turnover).

E. Evidence of current Nigeria Social Insurance Trust Fund (NSITF) Clearance Certificate valid till 31st December, 2021.

F. Company profile with curriculum vitae of key staff to be deployed for the project.

G. Documentary evidence of company construction experience in real estate sector of not less than 5 (Five) years.

H. Sworn Affidavit disclosing and to confirm that all information presented in its bid are true and correct in all particulars.

I. Company's Audited Accounts for the last three (3) years -2018, 2019 & 2020.

J. Evidence of financial capability to execute the project by submission of Reference Letter from a reputable commercial bank in Nigeria, indicating willingness to provide credit facility for the execution of the project when needed. Preferred contractors would be required to provide an advance payment guarantee (APG) and a performance bond covering the entire lifecycle of the project.

K. Verifiable documentary evidence of similar jobs executed in the last 5 (Five) years including Letters of Award, Job Completion Certificates and Photographs of the projects.

1. Lot 1: Evidence of Firm's current registration with the Council for the Regulation of Engineering in Nigeria (COREN)

m. For Joint Venture/Partnership/Consortium, Memorandum of Understanding (MoU) should be provided (CAC, Tax Clearance Certificate, Pension Clearance Certificate, ITF Compliance Certificate, NSITF Clearance Certificate, IRR & Sworn Affidavit are compulsory for each JV partner).

p. All documents for submission must be transmitted with a Covering/Forwarding letter under the Company/Firm's Letterhead Paper bearing amongst others, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address, Telephone Number (preferably GSM No.), and e-mail address.

The Letterhead Paper must bear the Names and Nationalities of the Directors of the company at the bottom of the page, duly signed by an authorized officer of the firm

For further inquiries, please contact the head central procurement on procurement@bilaadnigeria.com +2348029880256

THE TARGET: A BOLD AND RELENTLESS 2022

THE TARGET: A BOLD AND RELENTLESS 2022

We already have broad insights into the future of housing. That future, although already here and unnoticed by some, will become more apparent in the coming years and decades. New technologies, novel designs, innovative materials, and advanced tools are going to feature prominently in the housing of the future. But one word that will connect all these new attributes is “liveability.” It was presumed that homes were developed to be liveable, but contemporary events have shown that this is not always the case. Some of the challenges of the 21st century include rapid urbanization, over-crowded spaces, pollution, energy deficiency, and inadequate supply of liveable and affordable housing. While these are offshoots of the last century, new solutions are required to address them. The possibilities for this include new architectural designs and housing production processes that can significantly reduce overall financial cost, time and resource utilisation. The homes of the future would have to be resilient, capable of adapting to exigent natural and man-made events, such as climate, financial and public health crises, while also protecting the cultural identity of communities. Assets should be able to withstand a variety of unpredictable stress and be supple enough to adapt to the changing patterns of working and living throughout their full lifecycle. Our view of the housing of the future is not just about predicting trends, forecasting that architecture will become more flexible, integrate technology, and incorporate efficient and sustainable living into lifestyles. It is also an acknowledgment of the fact that these changes are inevitable, and so must be delivered.

ALIYU ALIYU

CHIEF EXECUTIVE OFFICER

BILAAD REALTY

EMPHASIS ON OUR PERSPECTIVE

The Covid-19 pandemic has severely disrupted global consumption, forcing (and permitting) people to unlearn old habits and adopt new ones. A study on habit formation suggests that the average time for a new habit to form is 66 days, with a minimum of 21 days. As of writing this article, the COVID-19 preventive measures have begun a new way of life and have already lasted long enough in many countries to significantly change habits and goals that had been the foundation of individual lifestyles.

Organizations and individuals seeking to emerge from the crisis in a stronger position must develop a systematic understanding of changing habits. For many people, that will require a new process for detecting and assessing shifts. The first step is to map the potential ramifications of what a better normal might look like, and setting goals to achieving them.

Our recommendations for worthwhile goals are briefly discussed below.

AWAKEN PURPOSE

Business experts make the case that purpose is a key to exceptional performance. Some psychologists describe it as the pathway to greater well-being, while medical practitioners have even found that people with purpose in their lives are less prone to disease.

Purpose is increasingly being promoted as the route to navigating the complex, volatile, world we face today, where strategy is ever changing and certain decisions that were seen to be impeccable turning out bad results.

2021 carried an immense opportunity to delve within and align with what really matters – caring for both our personal wellbeing and the world around us, as this has become non-negotiable. 2022 is the year we embrace our ability to make the most noteworthy purpose for our lives, as individuals or corporate entities.

 

LIVE SIMPLER

In a world that continually suggests us to stay online, get wealthier, and faster in all our endeavors, we are unhappier than ever. Statistics show that the world is getting better in terms of poverty, literacy, safety, health, and freedom, and modern technology continues to provide us with an unparalleled standard of comfort.

However, the biggest issue lies in the effect of our growth-driven society on our psychology. Though life’s comfort has reached unparalleled heights, many feel empty and demotivated. The key lessons we most likely have learned over the past 24 months boils down to the basics: live healthy for yourself and your loved ones.

The power of simplicity comes with tremendous benefits that can no longer be overlooked. It is inspiring new mindsets, habits, and lifestyles that are gaining ground and respect even in today’s modern world. Living simple teaches us to be resourceful, live greener, make thoughtful decisions, contribute to our community, and take care of our planet because our collective future depends on it.

 

DEVELOP PARTNERSHIPS

It is a clinical and logical truth that life without key relationships is not only unhealthy but also potentially dangerous. Strong relationships are the backbone of a good life and business. Although the future is unpredictable, one thing is certain: The future of businesses will be defined by collaborations and partnerships.

We must stay laser-focused on building concrete partnerships in a time when having solidarity and support have become something of existential importance for community and for sustainable economic progress. Progress and breakthroughs cannot be achieved in isolation, as such, working collaboratively to create opportunities will serve as the needed energy to fuel creativity, growth and innovation in the new year.

PROTECT THE ENVIRONMENT

In 2021, the word ‘sustainability’ was searched at record highs on popular search engines.

Sustainability is undoubtedly influencing the progression of our civilisation. It is the next frontier for brands as it now serves as a vital component of clients’ motivation on what to invest in, where to invest, what is consumed and how we use products. No brand that wishes to remain in business can ignore this new paradigm.

 

All brands have an urgent mission to propose, introduce and deepen approaches that  deliver a sustainable future. We must take bold initiatives and the next big steps in 2022 is to evolve towards a circular economy and make net-zero achievable as early as necessary.

 

HOUSING THE FUTURE

HOUSING THE FUTURE

We already have broad insights into the future of housing. That future, although already here and unnoticed by some, will become more apparent in the coming years and decades. New technologies, novel designs, innovative materials, and advanced tools are going to feature prominently in the housing of the future. But one word that will connect all these new attributes is “liveability.” It was presumed that homes were developed to be liveable, but contemporary events have shown that this is not always the case. Some of the challenges of the 21st century include rapid urbanization, over-crowded spaces, pollution, energy deficiency, and inadequate supply of liveable and affordable housing. While these are offshoots of the last century, new solutions are required to address them. The possibilities for this include new architectural designs and housing production processes that can significantly reduce overall financial cost, time and resource utilisation. The homes of the future would have to be resilient, capable of adapting to exigent natural and man-made events, such as climate, financial and public health crises, while also protecting the cultural identity of communities. Assets should be able to withstand a variety of unpredictable stress and be supple enough to adapt to the changing patterns of working and living throughout their full lifecycle. Our view of the housing of the future is not just about predicting trends, forecasting that architecture will become more flexible, integrate technology, and incorporate efficient and sustainable living into lifestyles. It is also an acknowledgment of the fact that these changes are inevitable, and so must be delivered.

ALIYU ALIYU

CHIEF EXECUTIVE OFFICER

BILAAD REALTY

HOUSING THE FUTURE EMPHASIS ON OUR PERSPECTIVE

Around the world, we are seeing new real estate developments that are not only affordable, but are also shared, eco-friendly, flexible, stylish, and healthy. These sustainable alternatives to the traditional homes now make up 4 to 6 percent of all new residential units built per year, according to research from Boston Consulting Group.

 

A lifestyle of ease and comfort is one of the expectations of the future homeowner. For instance, the construction industry is expected to incorporate Artificial Intelligence (AI) into future homes in response to the new demand. Pop culture and movie industries have started to use AI as assistants to ease labour and drive efficiency in a consistent manner. Providers in the housing value-chain as developers, constructors, and manufacturers now need to accelerate on innovation and technology to modernise delivering of housing.

 

The changes in the demand for housing is spurred not only by desires for lifestyle improvement. The two existential threats the world currently faces – climate change and the COVID-19 pandemic – are reinforcing the need for adapting building conventions. The liveable future home is required to be resilient to extreme weather events, utilise natural light, support broader environmental sustainability, offer protection from the spread of infectious diseases and promote safe social interactions. Promoting wellness and community is also a core target of sustainability in real estate development.

 

The environmental impact of real estate assets is highlighted by the fact that buildings account for 40 percent of global greenhouse gas (GHG) emissions, 50 percent of the world’s energy consumption, and 40 percent of raw material utilisation. To reach net zero carbon goal in real estate, we must take some crucial actions, including large-scale energy retrofit of older buildings and renovation or repurposing of buildings rather than demolishing them.

 

The scale of the changes that the COVID-19 pandemic has fostered in the housing sector is yet to be fully absorbed, or understood, especially in terms of its durability. Since the advent of the lockdowns in the first quarter of 2020, major cities around the world have recorded about 90 percent of their population spending their days indoors. As it turns out, pre-existing homes were not built for people to stay indoors for such an amount of time per day. Tensions in homes escalated, leading to sharp increases in cases of domestic violence around the world. Yet, the legacy of COVID-19 appears to be anything but temporary as working from home and virtual conferences and other learning events that are attended from home may become permanent in the way we work.

 

Indeed, this calls for changes in design and provision of shared facilities. Creating suitable habitats for a rich, culturally vibrant existence, the homes of the future should be inclusive in designs. In lieu of traditional yard requirements, buyers will begin to choose extra space within their communities to make life easier and more pleasant. Some of the community amenities being sought after now include parks and green space, trail systems for walking and biking, resort style pools and clubs, first class gyms and courts, and commercial Centres.

 

In 2021, we extensively engaged the future at Bilaad. Throughout the year, we also substantially engaged our internal and external stakeholders, including through this forum. As the year winds up, we are grateful for the vision we shared for a sustainable housing sector and the opportunities we both point to and harnessed.

 

We remain committed to our stakeholders, not least our employees. Henry Ford once said, “The only thing worse than investing in your employees and having them leave is not investing in them and having them stay.” We are learning together to continue to deliver cutting-edge, sustainable housing solutions. We are building for the growing demand for future housing.

 

Happy Holidays

SUSTAINIBLE CONSTRUCTION III

SUSTAINABLE CONSTRUCTION III

Construction has been held responsible for causing environmental problems ranging from excessive consumption of global resources both in terms of construction and building operation to the pollution of the surrounding environment. A quieter part of this theory, however, is the obliviousness of the evolution in construction techniques and materials acquisition that contributes to waste/energy reduction, and various inefficiencies at construction sites.

In Nigeria today, the real estate industry is based on a “build today, fix tomorrow” philosophy rather than on one that anticipates future trends and how they affect the performance of buildings. Several articles have been published on the “poor maintenance culture” as the bane of national development in our nation. However, by increasing attention to quality tools and techniques utilized in the construction and longevity of buildings, maintenance routines will become easier, less costly, and more manageable.

As developers, we must interpret sustainability as our value proposition to clients in respect to the products and services we offer. Our philosophy at Bilaad Realty aligns with a greater cause akin to the United Nations Assembly of “Transforming our World: the 2030 Agenda for Sustainable Development.” We have chosen to breakdown this concept from the real estate angle by understanding customer needs, potential technological integrations, and improvements in building practice, as they align with long term benefits for ourselves and clients in our drive toward lifestyle solutions.

ALIYU ALIYU

CHIEF EXECUTIVE OFFICER

BILAAD REALTY

EMPHASIS ON OUR PERSPECTIVE

Also known as green building, sustainable construction has been attracting a lot of attention around the world lately, but an understanding of its meaning is critical. The concept refers to both a structure and the application of processes that are resource-efficient throughout a building's life cycle. As such, from planning to design, the construction, operation, and maintenance of a building are effectively thought through and implemented appropriately.

Accordingly, sustainable construction allows us to incorporate elements of economic efficiency, environmental performance, social responsibility, technological innovation and design flexibility. More sustainable construction is the desire of every stakeholder, from the government to procurement bodies to the society at large. But how often is this an aspiration rather than reality? To be useful and manageable, surely sustainability improvements have to be measurable.

Material Selection

As buildings become greener, so do construction sites. Off-site fabrication, on-site maintenance, lean practices, and green materials acquisition have begun to fundamentally transform the way buildings are constructed today. According to the program of California Sustainable Design Program, there are numerous benefits to selecting sustainable materials/ products:

  • Reduced maintenance costs by specifying easy-to-maintain materials
  • Reduced operational costs by selecting products that result in energy savings
  • Reduced replacement of materials by selecting durable materials
  • Reduced environmental impact by reducing unnecessary resource extraction and by minimizing waste generation
  • Reduced impacts on air quality by selecting low-emitting materials

Workplace Safety

Another integral component to sustainable construction is workplace safety and health matters, as the protection of human resource must be factored into measurements of sustainable construction. In order to achieve this, we must adopt best practice approach in Prevention through Design (PtD), which influences the layout of project sites during construction and helps in overall personnel management. The aim of Prevention through Design is to avoid work-related injuries, illnesses, and fatalities by eliminating hazards and minimizing risks to workers in the design and re-design of facilities, work methods, processes, tools, and products.

Sustainable Partnerships

Homebuyers are increasingly becoming aware of the cost associated with purchasing poorly built structures. Apart from the consequence of potential collapse, rework is always more expensive than implementing it the right way the first time. Therefore, through sustainable partnerships, we must hold ourselves accountable in providing optimum value across installations. This reduces the overall project costs and maintenance requirements in comparison to projects or buildings which are not accorded similar benchmarks.

Sustainability has been defined in the context of sustainable development as “meeting the needs and aspirations of the present without compromising the ability of future generations to meet their own needs and aspirations” (WCED, 1987). At Bilaad Realty, we interpret sustainability as our value proposition to clients in respect to the products and services we offer in real estate.

Our adoption of sustainable construction methods is deliberate; we are conscious of advancements made in developed countries where alternative building materials are utilized in construction; however, we understand the current state of awareness and cultural acceptability of our market. The concept remains the same, but its integration across different locations will be specific to our needs in a progressive manner.

We are optimistic that an understanding of this fundamental question: “if every company or service provider offers the same surface level service, who then offers value, who offers quality?” will help guide our continuous improvement drive.

For us at Bilaad Realty, Sustainable Construction is here to stay.

NIGERIA AT 61: THE JOURNEY TOWARDS SUSTAINABILITY

NIGERIA AT 61: THE JOURNEY TOWARDS SUSTAINABILITY

Although, Nigeria moved up 15 spots on the Jones Lang LaSalle’s Global Real Estate Transparency Index from position 83, the challenges in housing and sustainable development in Nigeria are enormous. The extremely limited access to mortgage continues to prey on Nigerian lives, while housing struggles to match up with population growth. The limited quantity of long-term housing development loans has impeded on the nation realising the full materialisation of the real estate sector.

 

This has yet to break the spirit of a people who have endured more than just limited sustainable housing. Nigerians are as sustainable as they are resilient. Just as sustainable development has been defined in the Brundtland report as development which meets our current needs without hindering the ability of future generations to meet theirs, resilience is basically all decisions made to tackle the challenges that hinder such developments. However, it is no longer news that sustainable housing has been one of the crucial needs that Nigerians have found difficult to access.

 

It takes a peculiar kind of people to experience irregularities and still emerge optimistic and resourceful especially when these irregularities touch on one of their most basic needs. 

Although, our architecture today has aligned itself with global standards, it can only remain so unfortunately, as long as sustainable policies are formed. Therefore, celebrating 61 years of independence should not be draped in Nigerians weakly clawing for makeshift options of shelter but for the cream they deserve: sustainable housing –– which is still very within our reach and quite possible to realise.

 

Happy 61st Independence, Nigeria!

ALIYU ALIYU

CHIEF EXECUTIVE OFFICER

BILAAD REALTY LTD.

EMPHASIS ON OUR PERSPECTIVE

More than just 61 years but for hundreds of years, Nigerians have creatively made decisions in the most challenging of times to deal with the elusive essential of sustainable real estate. This was notably present in the Hausa Pre-Colonial architecture of mud, stones and grasses which helped shield the Northern people from the scorching winds from the Sahara. Also evident in Igbo architecture in the same period were cave-inspired tight encasements of pitched roofing with priority given to warmth and wind aversion. The Yorubas prioritized termite-resistance which they found in bamboo rafters in the same era.

 

Although the modern history of housing provisions in Nigeria has been a dramatic one, Nigerians endured the journey and are now presently looking forward to the possibilities of housing solutions with closer proximity to their need for sustainability.

 

Formulation of good policies and seeing to their implementation; development of new building materials as well as improvement in the efficiency of local building materials have been proposed by Obianyo et al. (2001), as solutions to actualizing mainstay sustainable housing. These could be the modern version of Nigerians yet again manifesting resilience or at least a variety of it in protecting sustainable living. The solutions prescribed are centered on the practice of research which is only necessary for viable outcomes.

Research and Housing Policies

Agbola and Alabi (2000) defined policy as a plan of action, a statement of aim and ideas. Housing policy is thus a guideline provided by government which is aimed at meeting the housing need and demand of the people through research and a set of appropriate strategies including fiscal, institutional, legal and regulatory frameworks (Agbola, 1998).

 

Therefore, results of research in the real estate sector can be used in policy making to aid the advancement of the Nigerian housing and urban development sector, and creating a repository for storing research findings will make it easy for policy makers to access information to be used for formulating well informed policies for sustainable housing and urban development.

 

Development of Functional Designs

 

The efforts of the government in its approach to achieving the goal of the National Housing Policy and its institutional framework has continuously proven futile. Therefore, it has become very necessary to carry out incisive research to develop new functional designs for housing and urban infrastructure for providing adequate housing and urban infrastructure in Nigeria.

 

Reinforcing the Efficiency of Local Materials

Research is also beneficial to optimizing already existing local materials. Applying research findings aimed at improving the strength, durability and efficiency of local materials will enable them to compete favorably with foreign ones.

 

Although these solutions are yet to be effective, the real estate sector in Nigeria is ever expanding as was evident in demand rising by double digit figures in 2019. According to Nigeria Property Centre, enquiries of listings increased by 72% that year.

 

Bilaad Realty, like the nation continue to brave the storm in the mission to building sustainable cities. 61 years, and more before then, have been ample time for all our memorable challenges to heat this land into solid rock and like in the words of Gordon Hinckley, “You can’t build a great building on a weak foundation”.

COLLABORATION: CHALLENGING THE NORM

COLLABORATION: CHALLENGING THE NORM

According to Richard Watkins in an article published by the HR magazine in 2017 “We are born into groups; we live in groups and everything of value is always in groups. No one has ever really achieved anything on their own.” (Richard Watkins, 2017). While collaboration might be as old as humanity itself, it has never been more important in the world of work. The power that is collaboration has with time, gained momentum and has been recognized as an effective tool towards a nation’s growth.

Across Nigeria and African real estate industries, associated sectors, and regulators, there is a crucial need to understand that cross sector collaboration is important to achieving large scale sustainable development as each sector has a vital role to play. As a means of coordinating different ideas to generate a wide variety of knowledge, collaboration has shown to positively impact performance and outcomes of innovation.

The concept of sustainability is focused on developing society to a state where it can exist in the long term. This means taking into account the partnerships between government, private sector and civil society. Over the years, countless efforts by the government and other stakeholders have been made to tackle several complex changes but many have failed because of competitive self-interest, conflicting priorities and a lack of a fully shared purpose.

Every sector faces the challenge of moving from an industrial past to a sustainable future, and the real estate industry is no exception. While there is no one-size-fits-all strategy to respond to the changes the industry is experiencing, it is evident that individuals and organizations need to develop, implement and integrate a clear strategy to stay ahead of the curve.

ALIYU ALIYU

CHIEF EXECUTIVE OFFICER

BILAAD REALTY LTD.

EMPHASIS ON OUR PERSPECTIVE

Because collaboration in business is generally intended to confer benefits to the parties involved as it revolves around the exchange of knowledge, monetary resources and other forms of value, such collaborations go through good and bad phases leaving both parties asking questions like: Who stands to profit the most in this sustainable collaboration development?

From Self Interest to Shared Interest

The automotive industry, for example, has shaped a sounding statement of success through collaborations and partnerships within its industry. Toyota is the largest car company according to the world atlas with a production of over 20 million cars in the year 2017, and over the years managed to reduce production costs and increase vehicle quality by adopting Just-in-time (JIT) and Lean production systems. This model simply extracts from the values of collaborations and partnerships.

Another example of an organization that strives for strategic collaborations is the Institute of Real Estate Management which is a collaboration of 29 real estate-related organizations focused on raising awareness and attracting diverse talent to the many careers available across the built environment.

The initiative to highlight the diverse career paths within the real estate sector, was both ground-breaking and exemplary.

More than ever, businesses are being challenged to help tackle social and environmental issues. As a result, an increasing number of top firms are taking the sustainability challenge seriously, not only to decrease their environmental impact and improve their reputations, but also to improve their operations and financial performance.

Collaborating for Sustainability

 (Rangaswami, M et al., 2021). Long term value from a customer or consumer perspective can imply so many things. In context of our complex, and service-driven global world, trade relationships between countries (like Nigeria and the rest of the world) influences industry outcomes particularly in real estate where supplementary input materials need to be sourced. Accordingly, what we find is cross border collaboration to achieve mutual benefit and sustainable success that satisfies customer and consumer expectations.

It is important to understand collaboration requires the right blend of values that are shared across participating stakeholders to create the sustainable outcome as planned. While it is easy to think that the brightest minds would yield most favourable results in activity, their size, composition, competence, and dispositions can make or break a vision. Interestingly, “the qualities necessary for success are the same as the qualities that destroy success” (Harvard Business Review, 2021) in complex projects. 

Whether public or private, local and international organizations are faced with this paradox and the solution could not be any simpler; the more complex a team is, the more you require a uniting purpose. It could be in a product they love, or a shared, passionate vision for the future.

To Collaborate or not to Collaborate?

Sustainable Collaborations raises a number of questions. What are the pros and cons of partnering with other entities from multiple sectors? Does this approach live up to expectations?  Who stands to profit the most? The reality is that successful collaboration is no easy feat. For some, opening up their companies to partner with other stakeholders may be perceived to be too high a risk –– issues such as trust, mutually shared benefits and imbalance of power often come into play.

Progress and breakthroughs cannot be achieved in isolation, as such, working collaboratively with partners to create opportunities will serve as the needed energy to fuel creativity, growth and innovation. At Bilaad Realty, we recognize the importance of collaborating for sustainability and the need to develop approaches that go beyond philanthropy, towards generating shared value. Although the future is unpredictable, one thing is certain – the future of businesses will be defined by collaborations.

ARE OPEN HOUSES WORTH IT?

ARE OPEN HOUSES WORTH IT?

FROM THE CEO

Not all choices are created equal. Decisions can have a wide range of value and complexity, which makes streamlining and making a choice strenuous. From choosing a career path, meal, school, spouse, home, we live to keep making decisions that not only make or mar us, but also see us parting ways with our hard earned cash.

For many consumers, the purchasing process is routine: you see a need and satisfy that need by going for the most convenient option or trusting a known brand to deliver. Consumers remain, however, who despite the reputation that leading brands have built, still verify multiple details in terms of features, durability, and service.

The same should apply when it involves real estate. Consumers do not always engage in this depth of research when it comes to making that home buying decision. This is a major concern as less experienced and self-serving competitors are now in the market ,causing home buyers to face delay, unnecessary expenditure, and other problems in the long run.

As the real estate market continues to grow, having reliable information at your fingertips is more important than ever. Every day, real estate professionals and prospective buyers alike continue to enter into agreements, with the majority of clients having little or no information about the housing market.

Being deliberate in finding your dream home and choosing a credible real estate developer can lead to more than just consumer satisfaction. It can assure that expectations are met and eliminate the occurrence of buyers' remorse. It is imperative that buyers are well informed, intentional, and act with confidence when making decisions related to home buying.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

Are Open Houses Worth It?
WITH EMPHASIS ON OUR PERSPECTIVE.

 

Are Open Houses Worth It?

The real estate market offers something for every buyer but finding that perfect home takes deliberate effort and dedication. While seeing a specific home requires scheduling and planning, open houses provide one of the easiest ways to get inside a variety of homes quickly. Besides being a fun time, open houses are big research opportunities. When you’ve “tried on” a variety of homes before you seriously begin to shop, you can be more confident that you’ve found the best fit, not only at a fair price, but also in terms of sustainability.

When visiting an open house, you should have a list of questions prepared for the agent or developer, as the case may be, and you should have already conducted some research, too. You want to leave this process feeling that you are well informed to make the right decision.

1.       Embrace the Reality Check.

Perhaps you’ve got your heart set on a specific neighborhood or certain location, attending a couple open homes in your desired area will give you a good idea about how much you’ll need to spend to be in that location, bring you to reality on what your dream home will actually cost, and can help you see the tradeoffs you might have to make

2.      Pay Attention

When buying a home, it’s all too easy to focus on what you love and go blind to downsides and potential issues. Don’t. In the same vein, if you can practice seeing past knickknacks and faux-brick vinyl floor covering, you might just snag a jewel in the rough that other homebuyers take a pass on. Window shopping is your chance to cultivate a critical eye that will serve you well in the future. It is important to take this opportunity to understand yourself, to notice the things you love and the things you don’t.

3.      Look Out

There’s no better way to check out a neighborhood than to attend an open house in one. While you’re there, ask the realtor to give you insight on the area. Are you looking for a neighborhood with a lot of amenities? Perhaps you’re seeking a more peaceful environment. Whatever you desire, talk to the realtor at the open house about your preferences and even take some time to walk through the neighborhood to get a better feel for the area.

One of the many challenge buyers are faced with in today's wired world is being well informed and learning the identities of prospective agents or developers. Home buyers click their way around hundreds of real estate websites, requesting information via e-mail from scores of agents without really getting in depth information on their purchase.

 

By hosting open houses, we cut through the electronic interface, put you in front and center by giving you a first-hand house hunting experience, helping you define your interests, and begin the professional relationship that leads to real estate success.

SUSTAINABILITY AND TECHNOLOGY: A CONNECTED FUTURE

SUSTAINABILITY AND TECHNOLOGY: A CONNECTED FUTURE

FROM THE CEO

The age of sustainability is here. It is accentuating the importance of technology. Sustainability and technology, both of which are mutually reinforcing, are now the most significant sources of revenue growth for businesses worldwide. They have created demand for new kinds of products, including electric cars, solar panels, energy saving bulbs, organic food products, digital finance, etc.

 

According to Investopedia, sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. This concept is concerned with maintaining a balance between economic, social and environmental considerations – the three pillars of sustainability. Technology on the other hand is evolutionary. It has been with us forever, and through it, the world is now embracing efficiency, having the three pillars of sustainability in mind.

Sustainability and technology are forcing us to envision the future world. How are we going to share the workplace with robots? What are we going to do with our vehicles that are powered by fossil fuels, which pollute the environment and heat up the atmosphere, and are soon to be abandoned for cleaner transportation? And how do we ensure that housing is affordable and accessible to all, and does not use too much of the available resources? These and similar complex questions that require simple solutions are creating new business opportunities, but they also demand effective and coordinated policymaking for a sustainable future.

 

As more developed countries diffuse technological innovations with sustainability, the time has come when developing countries like Nigeria must shape our actions with transitions to more sustainable ways of living for future generations.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

Sustainability and technology are driving innovations across all sectors of the economy and society. The concept of sustainability has evolved over the past centuries. We could trace its roots to the industrial revolution in the 19th century, which brought about great advancement in technology and witnessed population boom, leading to increased consumption and generation of waste. Since then, the challenge and the opportunity are how to make things better and how to live in harmony with fellow humans, and the environment in a more prosperous world.

 

As has been realized, we were not doing well in maintaining the balance. Industrial advances meant a setback for the environment. Very few people have so much more than they need while many do not have basic necessities of life. The good news is that there is now an unprecedented global commitment to mitigating environmental degradation and social inequality. These efforts are taking places at supranational, regional, national and local levels. Big businesses, SMEs, and startups are part of the solutions, either by mitigating harmful practices or delivering innovative solutions that represent the vast opportunities in sustainability.

 

Unsurprisingly, the technology behemoth, Google became the first major company to become “carbon neutral” since 2007, first buying high-quality carbon offsets and later using renewable energy for its entire energy need. Google has also set an ambitious target of becoming “carbon free” by 2030. Its lead has inspired other big tech companies, such as Microsoft, Amazon, and Facebook, to commit to carbon neutrality by 2040.

 

Nigerian companies, big and small, should also commit to sustainability and technological advancement. This is not only necessary to transform our economy, it is also vital to making the country a good place to live for our future generations.

 

Real Estate

 

“Going green’, ‘clean energy’, ‘eco-friendly’ and ‘future-proof’ are recurring motifs across all business sectors already, and they find particular resonance in real estate. Also, technology is being deployed to deliver these and other sustainability themes in real estate design, construction, material composition, safety, and management across both the residential and commercial market segments. Businesses such as Airbnb and WeWork have rapidly risen to prominence, thanks to groundbreaking technologies.

For sure, Nigeria is not without active participants in sustainable real estate. We are also entering an era in which policymakers are keen to drive the agenda in the sector. Bilaad Realty is proud of its commitment to sustainability in the real estate sector and its efforts to crowd-in future-proof practices through its advocacy.

 

Commitment to Innovation

 

Innovation is the link between sustainability and technology. There are ongoing efforts towards promoting an innovation economy in Africa, even if results are still underwhelming. ICT hubs and technology parks need to make more showing on the landscape. But two areas that the continent has made impressive advances on are financial technology and e-commerce. Nigeria is a signpost for some of the developments, with Jumia, InterSwitch and Flutterwave achieving unicorn status, i.e., a company or start-up with a valuation of over $1 billion.

 

Nevertheless, the government needs to make the business environment more enabling for startups. One area of intervention is to improve access to electricity supply, and the other is to make broadband internet more available. A thriving startup ecosystem will be of immense benefit to the government. We are already seeing this on both sides of collecting public revenues and making payment, making more transparency and accountability possible, besides actually helping to increase revenue generation.

 

Although societies are now very much dependent on technology, we must thrive on making sustainability the mission, driven by technological innovation. Technology alone will not be enough, despite its essentiality. Developing countries like Nigeria must make practical commitments towards creating a future that is prosperous and socially and environmentally sustainable.

The Balance: Aesthetics and Sustainability

The Balance: Aesthetics and Sustainability

FROM THE CEO

“Sustainability and aesthetics in one building?” asked the San Francisco Chronicle in 2007.

Aesthetics is an age-old theory that shapes the definition of beauty and how it is perceived. In recent years, the emergence of new technologies, innovation and trends have seen industries use aesthetics as a weapon to drive value and remain relevant. The power of aesthetics may be most obvious in a competitive market, where this principle is used as a leverage to drive traffic and often is the defining factor that influences consumers’ purchasing decision.

While many consumers rely heavily on form (aesthetics) as a strategic way to differentiate product, it is imperative to recognize the impact of function (sustainability) and the potential it has to drive financial performance as well as contribute to the positive development of the environment and society. Individuals and industries need to reconsider their purposes –– can products be better for people? Can buildings be better for the planet? Can companies be environmentally responsible and still turn a profit? Addressing these questions will cause dramatic changes in every area of work and life.

Sustainability in relationship to aesthetics involves two things: first, the modification of aesthetic qualities of the objects surrounding us, and secondly, changes in the representations of meaning attached to the aesthetic qualities of our environment, including objects. It challenges many aesthetics conventions and social norms. For instance, from a sustainable perspective, the use of the ubiquitous lawn in residential areas is both highly wasteful and polluting. Consumers are now leaning more towards landscapes composed of native vegetations.

In these times of global change, where consumers’ expectations have evolved from searching for not just the appealing aspects of a product but for the ultimate experience along with the function, power, prestige and confidence associated with the product, the property sector needs to adopt the right balance between aesthetics and sustainability as they play a holistic approach in the durability and appeal of the built environment.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

Pollan writes: “Human desires form a part of natural history in the same way the hummingbird’s love of red does, or the ant’s taste for the aphid’s honeydew. I think of them as the human equivalent of nectar.” The fate of many things depends on whether they please people. Wolves might seem heartier than dogs, but there are over 20 million dogs in the world and only ten thousand wolves. Which has adapted better? This view of nature may give you pause–should other species exist just to please us? But as a principle for design, it is essential. If you want something to last, make it as lovable as a Labrador.

We are biased towards aesthetic forms –– we love looking at beautiful things and are drawn to “beautiful”, both in the bricks-and-mortar world and in the digital one. In the digital world for example, a more attractive website is just one click away. When users visit a website or even try a new app, they make quick decisions on whether to stay on that site/app or keep looking for another one. Much of that decision hinges on the aesthetic appeal of the web page’s design. People have always been attracted to beauty. We see people who dress appealingly, and we respond favorably. We see a Ferrari or a Porsche, and our attention is captured by such “head turners”.

For centuries, architecture has harnessed the understanding that beauty matters. Buildings are permanent landmarks, so it is important to enjoy them. Architects tend to design structures that appeal to those who live and work in them. Yes, there are always exceptions, but at least the monstrosities will remind us why getting it right is vital.

While architects, web designers and even fashion designers use the principle of attractiveness bias (physical attractiveness stereotype) to grab and hold the attention of users, using it as a marketing strategy, it is important to know that attractiveness bias is a short-lived effect. The most beautiful website cannot keep visitors without providing an equally attractive user experience. Once that “wow factor” dies down, it is the utility of a site that holds the attention.

Ultimately, long-term value is impossible without sensory appeal, because if design doesn’t inspire, it is destined to be discarded. “In the end,” writes Senegalese poet Baba Dioum, “we conserve only what we love.” We don’t love something because it’s nontoxic and biodegradable–we love it because it moves the head and the heart. If people don’t want something, it will not last, no matter how thrifty it is. And when our designs end up as litter or landfill, how prudent have we been?

“The more clearly we can focus our attention on the wonders and realities of the universe about us,” wrote Rachel Carson half a century ago, “the less taste we shall have for destruction.” When we treasure something, we are less prone to kill it, so desire fuels preservation. Love it or lose it. Aesthetic attraction is not a superficial concern–it’s an environmental imperative.

As we enter a more environmentally-conscious age, we need to inevitably build more ecologically responsible and sustainable cities. Creating buildings with the lowest possible energy consumption and carbon emission production, while still being aesthetically pleasing, is a challenge that we at Bilaad Realty have always taken, because we understand that meeting our customers’ needs and desires is in the long term more important.

Preparing Young People Today for Tomorrow’s World

Preparing Young People Today for Tomorrow’s World

Pull Quote: Bilaad Realty’s “For Kids” approach to change involves organizing communities of industry leaders into self-led teams that, like the learning ecosystems we want to create, systemically plan, communicate, learn, and expose children to the unspoken career choices that exists, thereby distributing leadership of system change widely.

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