The Nigerian real estate industry is confronting a range of challenges, notably a lack of integrity, transparency, and innovation. Kendrick Akhimie, CEO of RareAcre Investment Limited, highlighted these issues and discussed potential solutions. With more than seven years of experience in construction, property sales, and project management, Akhimie explained that his company seeks to transform the market through innovation, value creation, and value maximization.
RareAcre Investment Limited is a visionary real‑estate development and investment firm that emphasizes innovation, transparency, and quality delivery. Its mission is to create real‑estate solutions that inspire trust and generate long‑term value for homeowners and investors. Akhimie founded RareAcre to tackle the industry’s core problems—particularly the deficits in integrity, transparency, and innovation. The company’s core services include designing and developing premium residential and commercial projects, delivering high‑quality construction, and providing expert investment and property advisory services. By adhering to international standards, incorporating technology, and adapting global trends to the Nigerian context, RareAcre maintains a competitive edge in the rapidly evolving market.
Akhimie noted that Nigeria’s real‑estate sector is under‑regulated, leading to building collapses, demolition cases, and land disputes. Bureaucratic red tape in property registration and title documentation further hampers development. To counter these issues, RareAcre prioritizes transparency, superior engineering, and innovative concepts in its projects. The company also aims to address the country’s housing deficit by offering durable, properly documented, and fairly priced homes. Akhimie stressed the need for sound policies, measures to curb high inflation, and economic stabilization to make homeownership more accessible to average Nigerians. He suggested simplifying mortgage processes, reducing interest rates, and strengthening government‑backed interventions to improve access.
Committed to leaving a legacy of trust, innovation, and quality, RareAcre’s projects—such as Resida Apartments—exemplify its dedication to premium living, featuring modern amenities, solar energy systems, and meticulous attention to detail. With urbanization projected to reach 70 % of the global population by 2050, RareAcre is preparing Nigeria for this shift by investing in mixed‑use communities, transit‑friendly designs, and sustainable infrastructure.
The sector also grapples with uncontrolled rent hikes, rising construction costs, and fraudulent schemes, which can widen socioeconomic gaps and render homeownership unattainable for many. RareAcre addresses these challenges by emphasizing transparency, verified documentation, and ethical practices across all projects. Over the next five to ten years, the company aims to deliver landmark developments that set new standards for innovation, integrity, and customer experience in the Nigerian real‑estate industry.
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