Kano, Northern Nigeria's commercial capital has over decades been known for booming trade and commerce as well as political activities.
However, one peculiar feature about Kano is the massive and exquisite property development in the state which has attracted both domestic and foreign investors.
Daily Trust analyses some of these locations, property worth among in locations suvh as Nasarawa GRA, Bompai, Hadeija road, Sokoto road among others.
Nassarawa GRA
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Property in locations like Ahmadu Bello Way, Lodge road,Magaji Rumfa road,Kwairanga road, Lamido road are valued at between N900 million and over one billion naira.Other expensive areas in the Nassarawa GRA include Damzabau road and Dawaki road renamed after the late Yusuf Maitama Sule, former Nigeria's Permanent Representative at the United Nations.Aliko Dangote and Abdusamad Rabiu are said to have owned properties in this area.
The least rent one can get in these cozy areas is 5 million naira and up depending on the property.
Bompai
Bompai is mainly commercial and residential area and therefore very expensive.Here property have the same value as in Nassarawa GRA.Police Headquarters is located in Bompai and companies owned by foreigners like Lebanese are also sited there.Apart from expensive Hotels there are also Apartments where families move in when in Kano for a short stay.
High net worth individuals also own property in areas like President Avenue,Mundubawa road,Miller road and Ungogo road among others.
Three former governors of Kano are currently residing in this part of Kano metropolis.
Therefore ₦5 million is the least rent tenants pay for a decent accommodation in this area.
Hadejia Road
This is another expensive property area .It is strategically located connecting Bompai to areas like Kawaji,Dakata and the eastern bypass.
Value of a Property starts from ₦500 million and even more depending on the size and location.
Sokoto Road
Sokoto road is a proximity to the Government House and Audu Bako Secretariat makes Sokoto road naturally expensive and choicy area for property owners.
It is easy to connect to the State Road and the busy Zoo road from Sokoto road making it attractive.
N750 million is the least value of a property in this location.
Railways Quarters
Another expensive area where a property can rented out to a tenant ready to spend big.From ₦4.5 million and above one can get a rented apartment which may be valued at ₦500 million or even more.
The land originally belonged to the Nigeria Railway Property Company but leased to private land developers for 50 years.
Beirut road
This is a residential area hosting largely Labenese business community in the 1980s but now turned to mobile phones market.Property here are very expensive with amount starting from a billion naira.
Unity road/Kantin Kwarai
In this location, textile shops and warehouse flooded the area making property very expensive.The very least will cost a billion naira.
Like Beruit road,the area used by inhabited by Lebanese, Indian businessmen but many moved to Nassarawa GRA when the market became overcrowded with residential buildings converted into shops and or warehouse.
Sabon gari/Nomansland:
Old mud houses have disappeared and been replaced by Solid commercial and residential buildings in the Sabon gari area.
Rent in Sabon gari is exclusively expensive leaving low income earners with no option but to relocate elsewhere like Brigade,Gama and Panisau.
N500 million is the least paid as rent
Hotoro GRA
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Hotoro GRA is another expensive area close to Tarauni .It borders Badawa New layout, equally another expensive area.
CBN staff quarters,mobile police barracks are located in the neighbourhood of Hotoro GRA.It is distinctive feature is that it is accessible from all directions
Sharada NNDC Quarters.
Located in Sharada quarters in Kano Municipal local government,NNDC Quarters is an exclusively elite residential zone.It connects to BUK road and Aminu Kano way.Its gated Streets are clearly marked and named to make it easier for a visitor to locate the residence he is visiting.
Ibrahim Taiwo road
This is a commercial area linking Singer Market,Kantin Kwari and Sabon gari.
From the Kofar Nasarawa Bridge in Kano Municipal local government area, Ibrahim Taiwo road terminates at Masallacin Waje roundabout in Fagge local government with shops and offices on either side of the road.
Commercial value of properties here is running in billions.
