Business/Economy

Real estate magnate urges investors to embrace land banking

Supreme Desk
3 Feb 2025 2:13 PM IST
Real estate magnate urges investors to embrace land banking
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Many successful real estate men and women made their money by investing heavily in land banking.

Dr Rebecca Omokamo Godwin-Isaac, a real estate magnate has urged investors to embrace land banking as it is profitable and a secret to making much money in the property business.

Godwin-Isaac, the Chief Executive Officer of Homadil Realty Ltd, a landholdings firm, issued the advice in an interview with the news men in Abuja.

NAN reports that land banking is a practice of purchasing and holding land as an investment.

The most common use of land banking is to buy up properties in areas projected or speculated to experience rapid population growth in the future.

Godwin-Isaac urged young investors to embrace land banking, saying it is one pathway to success and financial abundance.

“Many successful real estate men and women made their money by investing heavily in land banking.

“You know envious people now tell different stories about us, but when we were taking risks of land banking, they were nowhere,” she said.

The Homadil CEO reiterated the benefits of land banking, which she said is futuristic.

Godwin-Isaac emphasized the need for wealth creation for all to move the country forward.

She said she took risks by buying land near major transportation hubs and in the suburbs of cities never believed to be developed or valuable

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