A recent survey shows that over 70% of middle class and low-end real estate investors see Ikorodu as a veritable destination in Lagos. Unlike Badagry, Ikorodu is already witnessing what can be considered an impressive rate of development in terms of real estate investments.
Located on the eastern senatorial district, Ikorodu is one of the fastest emerging property markets in Lagos State. About 30 minutes derive from Ojota Bus Stop, this location serves as a gateway between Lagos and Ogun States. Commuters who avoid the Lagos-Ibadan expressway as a result of the occasional traffic grid-lock on the road use the Lagos-Ikorodu road as an alternative route to Ogun State. Ikorodu is about 35 minutes drive to Sagamu in Ogun State.
Development in Ikorodu is rapid as the location is already witnessing a population density evidenced by the heavy traffic situation on the Lagos-Ikorodu road. Popular areas in Ikorodu where development is almost at it’s peak are Agric, Ogoloto, Isawu, Ojokoro, Odogunyan, Igbogbo, Igbo-Olomu and Ijede ( location of the Lagos State Mini Water dam power plant ).
Ikorodu is blessed with many estates, both government owned and commercial. Some of these estates are: T.O.S. Benson Estate, Apeke Estate, Ojokoro Village Estate, Alliance Housing Estate, His Glory Estate, HallMark Estate, Jubilee Low Cost Housing Estate, Toma Estate (Owutu Housing Scheme) etc.
Infrastructural facilities in Ikorodu are gradually being improved upon by the Lagos State Government as previously old, yet to be tarred roads are now receiving the necessary attention.
Water supply to most parts of the town is through privately dug wells and boreholes.
Source by Seyi Gabriel
