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The event, themed “Navigating Change in Real Estate for a New Era”, highlighted the industry’s ongoing evolution in response to technological advancements, shifting market trends, and accelerating urbanisation.

He said, “The changes being witnessed in Lagos, from technological advancements to shifting market dynamics and an increasing emphasis on sustainability, are fundamentally reshaping the future of the built environment.

“These changes present both challenges and opportunities, and I have no doubt that the REDA forum generates an avenue for valuable insights into how we can collectively move forward,” he said.

He also emphasised the need for environmental sustainability in real estate development.

According to the governor, encouraging green building practices and investing in flood defences, especially in coastal areas like Eko Atlantic City, demonstrates that his administration recognises the importance of green building practices and flood defences as part of Lagos’ long-term strategy to address environmental challenges and climate risks.

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