HISTORY OF REDAN

“Real Estate Developers Association of Nigeria is the principal agency and umbrella body of the organized real Estate sector (Private and Public) recognized by the Federal Government of Nigeria and saddled with the responsibility of ensuring availability of affordable housing for all Nigeria”

REDAN Membership is by application, and is only open to cooperate entities. The applicant must be an estate development company, or involved in business related to the housing industry or commercial real estate development including building of residential, commercial or industrial structures, including shopping centers, plazas or other commercial structures

Consequently, membership of REDAN is open to:
Limited Liability Companies,
Registered Societies,
Partnerships, and
Parastatals of State or Federal Governments who engage in real estate development.
REDAN also seeks to achieve positive relations with all stakeholders connected with the housing industry including organizations, producers, providers, financiers and landowners. The association also strives to play an active role in the promotion of research and development of building materials and systems, as well as standard setting for the industry.

REDAN MEMBERSHIP PRIVILEGES, RIGHTS & RESPONSIBILITIES
The privileges, rights and responsibilities accruing to members of the Association shall include but not limited to the following:

Credibility and recognition as Developer
Opportunity to access Estate Development financing from the Federal Mortgage Bank of Nigeria (FMBN) and sell housing units to National Housing Fund (NHF) Contributors under the NHF Mortgage Loan Scheme
Support for land Acquisition, participation in the Public –Private Partnership (PPP) scheme for Infrastructure and Estate Development
Access to finance under the REDAN Real Estate Investment Trust (REIT) scheme, or other local and offshore development loan syndication schemes under the auspices of the Association
Opportunity to access credit finance / materials and equipment at specially discounted rates for members
Access to information on development affecting real estate business
Business linkage and marketing assistance
Access to project preparation consultancy, advisory and support services
Intervention in member’s real estate development problems
Participation in capacity building programs local, regional and international trade events, seminars, workshops and exhibitions
Access to to University of Lagos Centre for Housing Studies & other Local training opportunities for capacity development
Access to NAHB resources through REDAN’s affiliation with IHA
Access to foreign training programs and other International training facilities
Complimentary delivery of Newsletters, e-newsletter and relevant industry documents and information to members
Easy access to industry news, information and networking through REDAN Facebook and twitter accounts.

ALH. (DR) ALIYU O. WAMAKKO
-REDAN President

PRINCE OLUSEYI LUFADEJU
-Chairman