Property Development

Jan 17, 2021 KIPA UPDATES

The potentials for property development in the State are quite high and attractive. The State has been opened up with a good network of roads especially the State Capital that has been complemented with a 40KM Ring Road encircling the City. With a population of about 7Million out of which over 50% in young and growing, opportunities in property development will continue to grow as well.

Since the State’s creation in 1987, the Government has been largely the driver in housing delivery through its policy of building mass low-cost housing units particularly to Civil Servants in the State.

Investment Opportunities

It is high time for the Private section to assume the pivotal role in housing delivery to match the growing need in the State. The Government will continue to support the effort of the Private Sector in achieving the goal of providing housing for all at affordable cost.

Beside residential estate development opportunity abounds in other commercial property like Hotels and Shopping Malls. In particular, the Government has taken the initiative in constructing the Katsina – Dubai International Market and Katsina City Mall. Modern Markets were also constructed in all the 34 Local Governments in the State.

For the efficient running of these Markets Government will be willing to enter into any arrangement with the Private Sector.

Incentives

In addition; Government is committed to providing Land for mass housing and for commercial development by the private sector through Public – Private Partnership.

  • Government is committed to provide basic infrastructure such as roads and drainages, water, electricity supply etc at all sites designed for housing development.
    • The services of the Government machinery through the appropriate MDA (Ministry of Land and surveys, Katsina State Housing Authority, Katsina State Investment and Property Development Company) will be appropriately deployed to support private property developers with all the necessary requirements for developing the sector.
    • Up to 100% ownership of housing is allowed for both foreign and local investors.

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