IS ₦10 MILLION ENOUGH TO BUY LAND AROUND IBEJU-LEKKI IN 2026? I COMPARED 6 OPTIONS If you have ₦10 million available and you're considering buying land around Ibeju-Lekki, Lagos, one question is probably on your mind: what can ₦10 million actually get me? I decided to compare six land options currently available around different parts of Ibeju-Lekki. ₦10 million may not necessarily buy you a plot outright, but it can serve as an initial deposit for some properties.
Buyers should look beyond the headline price and compare plot size, location, initial deposit, total purchase price, payment period, documentation, additional fees, and intended use. 1. HARMONYCASA PHASE II — Seidu/Imare Airport Government Resettlement Scheme, Ibeju-Lekki Residential: 300 SQM — ₦15M (init. deposit ₦4M) | 500 SQM — ₦25M (₦6M) | 600 SQM — ₦30M (₦6M). Commercial: 1,000 SQM — ₦70M (₦12M).
Prices all-inclusive: land cost, survey plan, deed of assignment, development fees. Payment: 90 days/outright; 4–6 months (₦16M/₦26.5M/₦32M/₦73M); 7–12 months (₦17M/₦28M/₦34M/₦76M). 2. THE PARLIAMENT ESTATE — Seidu/Imare, Ibeju-Lekki 300 SQM — ₦16.5M (₦3M) | 500 SQM — ₦27.5M (₦5M) | 600 SQM — ₦33.5M (₦7M) | 1,000 SQM commercial — ₦66M (₦15M). All-inclusive, no hidden charges: land cost, survey plan, deed of assignment, legal documentation and development levies.
3. HARMONYCASA PHASE I — Okunubi Okunse, Elerangbe, Ibeju-Lekki Residential: 300 SQM — ₦19.5M (₦3M) | 500 SQM — ₦29M (₦5M). Commercial: 1,000 SQM — ₦66M (₦12M). All-inclusive: land cost, deed of assignment, survey, development fees. 4–6 months (₦20.5M/₦30.5M/₦69M); 7–12 months (₦21.5M/₦32M/₦72M). 4. LEKKI AVIATION TOWN — Yegunda Resettlement Scheme, facing New Lekki-Epe International Airport, along Lekki-Epe Expressway Residential: 300 SQM — ₦37.5M (₦7M) | 500 SQM — ₦60M (₦10M).
Commercial: 1,000 SQM — ₦150M (₦15M). 4–6 months (₦39.5M/₦63M/₦155M); 7–12 months (₦41.5M/₦63M/₦160M). 5. GRANVILLE ESTATE — Oreki, by Eleko Junction, Ibeju-Lekki. Title: Government Allocation. Residential: 300 SQM — ₦43.5M (₦7M) | 500 SQM — ₦70M (₦10M). Commercial: 1,000 SQM — ₦200M (₦15M). 4–6 months (₦45.5M/₦73M/₦205M); 7–12 months (₦47.5M/₦76M/₦210M). 6. MAJESTIC BAY ESTATE — Okorisan Waterfront, Lekki-Epe Expressway Residential: 300 SQM — ₦30M (₦5M) | 500 SQM — ₦50M (₦5M).
Commercial: 1,000 SQM — ₦150M (₦10M). Waterfront 1,000 SQM — ₦250M (₦10M). SO WHAT CAN ₦10M ACTUALLY DO? Depending on the property, ₦10M can cover the initial deposit for some options: GranVille Estate 500 SQM; Lekki Aviation Town 500 SQM; Majestic Bay Estate 1,000 SQM waterfront. Lower deposits: HarmonyCasa Phase II 300 SQM from ₦4M; The Parliament Estate 300 SQM from ₦3M; HarmonyCasa Phase I 300 SQM from ₦3M.
But note: initial deposit is not the total property price; the balance must be paid per the payment plan. HERE'S WHAT I WOULD CHECK BEFORE PAYING 1. What exactly is the title? Ask to see actual documents. 2. Who owns the land? Establish the landowner/developer and the authority under which the property is being sold. 3. What exactly is included in the advertised price? Survey, deed of assignment, development fees, legal fees, documentation fees, allocation fees, other charges.
4. What is the payment deadline? A lower entry price doesn't necessarily mean a lower total price. 5. What happens after payment? Allocation, documentation and evidence of purchase. 6. Can you inspect the location? MY BIGGEST TAKEAWAY There is no single "best" property for everybody. Someone with ₦5M has a different strategy from someone with ₦50M. Instead of asking "which estate is the best?" ask "which property fits my budget, purpose, location preference, plot size and payment capacity?"
