%0 Conference Paper %B Urban Real Estate Markets: a Catalyst for Economic Growth and Development - the 14th African Real Estate Society Conference %D 2014 %T IMPACT OF UNIVERSITY ON THE PHYSICAL DEVELOPMENT OF HOST COMMUNITY %A OA Kemiki %A Adeyosoye Babatunde Ayoola %A OA Olaniyan %A OO Idowu %X

PURPOSE: Gidan Kwano area of Minna, Nigeria had been a predominantly village setting with mud houses and very scanty housing development with agrarian economy. Federal university of Technology, Minna developed its main campus in Gidan Kwano and started operation in 2005. Since its operation, the village has witnessed astronomical housing development as investors continue to develop off campus accommodation for students with attendant commercial activities. This work examines the impact of the university on housing development in the area.

DESIGN / METHODS FOLLOWED / APPROACH: Landsat imageries were used to monitor spatial growth in Gidan Kwano between year 2005 and 2013. Ground survey data were collected from Federal university of Technology, Minna,Estate Agents, Property developers, Power Holding Company of Nigeria and Ministry of Lands and Housing. ILWIS was used to analyse the satellite imageries while Analyze it was used for the analysis of the ground survey data.

FINDINGS: Findings revealed an average annual growth of 125% in physical development and a rental growth of 800% from 2005 to 2013. However, the growth has been marked with problems of uncoordinated development and inadequate infrastructures.

RESEARCH LIMITATIONS / IMPLICATIONS: Some of the properties developed in the study area are not having state title.

PRACTICAL IMPLICATIONS: The ever increasing population of the university will continue to attract physical development and if the growing development is not coordinated by enacting master plan, there will be chaotic and haphazard development.

ORIGINALITY / VALUE OF WORK: The study has revealed the spillover effects of locating university. It has also unfolded the pending danger of uncontrolled development.

 

%B Urban Real Estate Markets: a Catalyst for Economic Growth and Development - the 14th African Real Estate Society Conference %S AfRES %I African Real Estate Society %C Cape Town, South Africa %8 09/2014 %G eng %! AfRES 2014 %R 10.15396/afres2014_132