About Us

About Houshare Development Limited

At HOUSHARE DEVELOPMENT LIMITED , we are redefining real estate development in Nigeria by combining innovation, sustainability, cost effective and community-driven design in all our projects. We are a forward-thinking real estate development company dedicated to reshaping how communities live, work, and thrive. Our purpose is to create innovative, sustainable, and vibrant developments that blend modern living with community-centered design. At Houshare, we believe in more than just constructing buildings—we are building environments that enhance lifestyles, foster connections, and drive long-term value for both residents and investors.

What Sets Us Apart:

Mission

At Houshare Development Limited, our mission is to transform real estate development by creating sustainable, innovative, and community-focused spaces that enrich lives and inspire connections. We are committed to delivering high-quality, forward-thinking projects that blend modern design with environmental responsibility, enhancing the well-being of both residents and communities. Through visionary planning, strategic partnerships, and cutting-edge technology, we aim to lead the industry with developments that are not only built for today but are future-ready for generations to come.

Vision

Houshare Development Limited envisions a future where real estate developments seamlessly integrate modern living with environmental sustainability, fostering communities that are vibrant, inclusive, and resilient. Our goal is to be a leader in redefining urban spaces, setting new standards for innovation, sustainability, and social impact in the real estate industry. We strive to create developments that not only enhance quality of life but also contribute to the long-term prosperity of the communities and environments in which we operate.

Our Story

THE STORY OF HOUSHARE DEVELOPMENT LIMITED

In every great endeavor, there lies a seed of inspiration, a moment when vision meets purpose. For Houshare Development Limited, the moment began with a simple yet powerful vision: to redefine urban living by making quality housing accessible to all, affordable, functional, and community-driven.

THE SPARK OF AN IDEA

From inception we envisioned a world where urban development could harmonize affordability, innovation, and human connection. The concept was born out of necessity. As cities grew denser and housing costs soared, we recognized a glaring gap in the market with a deep understanding of the challenges young professionals and families face in finding an affordable yet comfortable home.

Starting with little more than a laptop, a handful of sketches, and a relentless drive, the team set out to redefine shared living. Their early days were marked by late nights in borrowed office spaces, brainstorming sessions at kitchen tables, and conversations with local communities to understand their needs. The goal was simple yet ambitious: to create more affordable spaces and thus making more Nigerians homeowners.

EARLY CHALLENGES AND BREAKTHROUGH

Like many startups, our journey was not without hurdles. Plagued with limited resources, cautious investors, and the ever present complexities of navigating real estate construction in Nigeria tested the team's resolve. But with every challenge came a lesson. We leaned into our grassroots ethos, partnering with local communities, sustainability experts, and forward-thinking professionals and dreamers like us to push towards our goal of ecofriendly affordable homes in Nigeria.

ROOTED IN COMMUNITY, BUILT FOR GROWTH

What truly sets us apart is our commitment to community, Early adopters weren't just tenants; they became collaborators, offering feedback that shaped the company's evolving vision. From rooftop gardens to shared workspaces, every development was crafted to foster connection and empowerment.

As the company expanded, so did its impact. By 2024, Houshare had grown from a local startup to a trusted name in urban development, with projects spanning 6 cities and touching the lives of thousands. Yet, amid the growth, the team remained grounded in their founding principles: humility, innovation, affordability and a deep respect for the people they served.

LOOKING AHEAD

Today, we continue to expand our footprint, creating beautiful modern homes that not only provide shelter but also foster a sense of belonging. The journey is ongoing, driven by a relentless pursuit of excellence and a commitment to make many more Nigerians homeowners.

As we reflect on our origins, we are reminded that every great journey begins with a single step. Ours started with a question: How can we create affordable spaces that uplift lives? The answer continues to guide and move us, one development at a time.

JOIN US IN BUILDING TOMORROW

At Houshare Development Limited, our story is still being written. We invite you to be part of the next chapter where innovation, affordability, community, and sustainability come together to shape the future of living. Houshare Development Limited, where dreams meet reality.

Our Present

Navigating Challenges, Building Futures

Houshare Development Limited stands at the forefront of Nigeria’s dynamic real estate sector, driven by a mission to redefine urban living through innovation, affordability, and sustainability. As a trusted name in property development, we have carved a niche by delivering projects that blend modern design with functional living spaces, tailored to meet the evolving needs of Nigeria’s growing population. Our current focus is on expanding our portfolio of residential and commercial properties while maintaining our commitment to quality, community-centric designs, and environmental responsibility.

In recent years, we’ve strengthened partnerships with local stakeholders, financial institutions, and international investors to scale our operations. Our reputation for timely delivery and transparency has positioned us as a reliable player in an industry often plagued by delays and distrust.

Reflections on the Realities of Real Estate in Nigeri

The realities of Nigeria’ s property market require a vision. Demand for housing remains insatiable, with a deficit estimated at over 28 million units by World bank, yet affordability constraints persist. At Houshare, we bridge this estimated at over 28 million units by World bank, yet affordability constraints persist. At Houshare, we bridge this gap by prioritizing scalable designs, cost-efficient construction methods, and flexible payment plans. We also recognize the growing demand for mixed-use developments that integrate residential, commercial, and leisure spaces (a trend accelerated by urbanization and shifting consumer preferences).

Our approach balances ambition with caution. We conduct rigorous feasibility studies, engage communities early, and leverage technology for project management to mitigate risks.

Cost Optimization: Exploring alternative building technologies and locally sourced materials to reduce construction expenses.

Strategic Partnerships: Collaborating with financial institutions,government agencies, and international investors to improve funding access.

Technology Integration: Utilizing PropTech solutions for efficient project management, sales, and customer engagement.

Customer-Centric Models: Introducing flexible payment plans and rent-to-own schemes to enhance affordability.

Advocacy & Policy Engagement: Working with industry stakeholders to advocate for favorable policies and improved infrastructure.

Conclusion

The road ahead is demanding, but with a clear vision and adaptive strategies, Houshare Development Limited is poised to thrive in Nigeria’s real estate sector. We remain dedicated to transforming challenges into opportunities, building not just structures, but communities and lasting legacies

Houshare Limited Roadmap

PHASE 1: PRELIMINARY ENGAGEMENT & DUE DILIGENCE

1. INITIAL CONTACT AND EXPRESSION OF INTEREST

– Schedule meetings between the real estate developer and landowner.
– Present the developer’s portfolio, vision, and development capacity.
– Land owner expresses preliminary interest in a JV (vs outright sale).

2. NON-DISCLOSURE AGREEMENT (NDA)

– Sign NDA to protect sensitive
discussions and proprietary plans.
– Ensures confidentiality before due diligence and proposal sharing.

3. LAND VERIFICATION & LEGAL DUE DILIGENCE

– Obtain land documents © of O, deed, survey plan, etc.).
– Conduct:
– Title verification (search at Land Registry).
-Ownership verification.
-Encumbrances check.
-Government acquisition/zoning status.
-Physical site inspection and measurements.

PHASE 2: PROJECT STRUCTURING & PROPOSAL STAGE

4. FEASIBILITY STUDY & PRELIMINARY DESIGN

– Conduct market research and site analysis.
Prepare a feasibility study (demand, ROI, construction cost).
– Develop conceptual plans
(site layout, unit mix, etc.).

5. DRAFT DEVELOPER PROPOSAL

– Submit a detailed JV proposal to the landowner:
-Project scope and vision.
-Proposed profit-sharing ratio (e.g. 60/40 or 70/30).
-Project timeline and phases.
-Responsibilities of each party.
-Exit strategies and dispute resolution mechanisms.

6. TERM SHEET OR MEMORANDUM OF UNDERSTANDING (MOU)

– If parties agree on principles,
sign an MoU outlining: Intent to enter JV.
– Preliminary terms (non-binding).
– Timelines for execution of
formal JV agreement.

PHASE 3: NEGOTIATION & JV AGREEMENT DRAFTING

7. NEGOTIATION OF TERMS

-Engage legal and financial advisers on both sides.
-Negotiate:
Equity contributions (land value vs construction/development).
Profit and unit allocation.
Roles in project management.
Milestone payment terms.
Ownership structure (SPV or LLP structure,
if applicable).

8. FORMATION OF SPECIAL PURPOSE VEHICLE (OPTIONAL)

– Create an SPV (Ltd or LLP) to hold the project.
– Shares distributed based on agreed JV ratio.
– Both parties become shareholders or partners.

9. JOINT VENTURE AGREEMENT DRAFTING

– Legal team drafts a comprehensive JV Agreement.
– Core contents include:
Purpose and scope.
Detailed financial model and equity split.
Construction timeline and deliverables.
Governance structure (board or project committee).
Profit distribution and tax obligations.
Dispute resolution (arbitration, mediation, etc.).
Termination and exit clauses.

10. REVIEW AND FINAL AGREEMENT EXECUTION

– Review and revisions by both
parties’ legal representatives.
– Sign JV Agreement and related documents
(power of attorney, board resolution if SPV involved).
– Stamp duty paid, and agreement registered if necessary.

PHASE 4: IMPLEMENTATION & DEVELOPMENT

11. PROJECT LAUNCH & MOBILIZATION

– Approvals obtained (building plan approval, EIA, etc.).
– Developer mobilizes for construction.
Joint bank account opened for project funds if agreed.
– Stakeholder engagement begins (community, government).

12. MONITORING, GOVERNANCE, AND REPORTING

– Periodic project reviews (monthly/quarterly meetings).
– Landowner receives periodic updates and/or milestone compensation.
– Transparent accounting and performance tracking.

13. PROJECT COMPLETION & ALLOCATION

– Units completed according to plan.
– Allocation of units or profit to landowner and developer
per agreement.
– Titles of landowner’s allocated units prepared and handed over.

14. POST-COMPLETION OBLIGATIONS

– Final audit and profit/loss reconciliation.
– Maintenance, warranty, and facility management setup (if applicable).
– Dissolution or handover of SPV if project was a one-off.