ARE YOU REGISTERED WITH LASRERA YET ?
Real Estate Practitioners, Developers and Brokers can register on the LASRERA Portal
In the quest and vision of the current Governor of Lagos State , Mr. Babajide Olusola Sanwo-Olu in making Lagos a 21st Century economy, the Office of the Special Adviser on Housing had the mandate responsibilities to oversee the erstwhile Lagos State Real Estate Transaction Department in the Ministry of Housing as established by Law on the 18th of May, 2007 .
The Law was expedient due to reported/ increasing cases of fraud in the Real Estate Sector. However, after careful examination of the extant laws and engagements with relevant Stakeholders within the public and private space , Mr Governor unveiled the intention of his Administration to put an end to fraudulent and unscrupulous practices in the real estate sector.
In a memo Ref. No: CIR/HOS/’20/Vol.1/027 dated the 7th February 2020 Mr. Governor approved the transition of Lagos State Real Estate Transaction Department (LASRETRAD) from a Department to a full Agency now known as Lagos State Real Estate Regulatory Authority(LASRERA).