Veritasi Homes
Veritasi Homes is a Nigeria-based, full-service residential real estate developer and advisor that builds, markets, and sells affordable, mid-range, and luxury properties across Lagos and Abuja, with a credit rating of A- and an international sales footprint targeting the Nigerian diaspora.
- Company typePrivate
- Founded2019
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Veritasi Homes does
Veritasi Homes and Properties Limited is a Nigeria-headquartered, full-service real estate development company that operates across the entire property value chain, spanning marketing, advisory, and direct development. The company develops, markets, and sells residential properties in Lagos and Abuja, with sales outreach to the Nigerian diaspora and an international footprint spanning offices in Dubai and the United Kingdom. Its portfolio spans affordable housing (Aramide bungalows from N75M, Camberwall Court in Abijo), mid-range developments (Camberwall Advantage 5 Annex from N200M), and ultra-luxury towers (Tinuola Towers on Banana Island, Allied Towers in Ikoyi, Malibu Hills in Asokoro, and the flagship Oyster Towers at Eko Atlantic City). A sister company, Eystone Development, serves the mass-market affordable segment separately, while the Veri-Affiliate program recruits independent realtors as commission-based channel partners.
The company's development technology centers on in-building amenities rather than a software platform: smart home automation, renewable energy integration (solar panels), EV charging stations, and 24/7 surveillance infrastructure across mid-to-luxury developments. It operates a web application (app.veritasihomes.com) for buyer engagement and sales inquiries, and uses digital tools for construction progress reporting and investor communications. Veritasi holds a stated global credit rating of A- from both DataPro and GCR — making it, per company claims, the first African real estate development company to achieve a global credit rating. Its go-to-market is direct-sales-led, combining an internal sales team, the Veri-Affiliate referral channel, and flagship events including the annual Veritasi Realtors Conference (VRC) and Veritasi International Summit (VIS). Revenue is generated primarily through one-time property sales (off-plan and completed), land sales, advisory services, and indirect commission flows from the Veri-Affiliate program, with milestone-based payment plans spanning 12–48 months.
Veritasi Homes firmographics
Firmographics- Name
- Veritasi Homes
- Legal name
- Veritasi Homes and Properties Limited
- Website
- https://veritasihomes.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Veritasi Homes is a Nigeria-based, full-service residential real estate developer and advisor that builds, markets, and sells affordable, mid-range, and luxury properties across Lagos and Abuja, with a credit rating of A- and an international sales footprint targeting the Nigerian diaspora.
- Ownership category
- akta.pro rank
Veritasi Homes industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)
Keywords
Where Veritasi Homes is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices4 records
Markets served
Veritasi Homes business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Property Sales (Off-Plan and Completed): Veritasi Homes generates revenue primarily through the sale of residential properties across the value chain — from off-plan pre-sales to completed units. Properties span affordable (Aramide at ₦75M), mid-range (Camberwall Advantage 5 Annex at ₦200M), and luxury segments (Malibu Hills at ₦400M, Tinuola Towers, Oyster Towers). Milestone-based payment structures are offered to buyers, typically spanning 12–48 months.
- Land Sales: The company sells serviced land plots, such as Itunu Hills in Idera, Eleko, Ibeju-Lekki at ₦18,000,000 per plot.
- Veri-Affiliate Referral Commissions: Revenue is also generated indirectly through the Veri-Affiliate channel partner program, where sales partners earn commissions on property sales they refer. The program incentivizes network monetization through target-based commissions and performance bonuses.
- Real Estate Advisory Services: Veritasi provides advisory services across the real estate value chain, contributing to revenue alongside its development operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Affordable homes from ₦75M |
| Unit Pricing | Pay-as-you-go | Mid-range homes from ₦200M |
| Unit Pricing | Pay-as-you-go | Luxury homes from ₦400M |
| Unit Pricing | Pay-as-you-go | Premium luxury towers (price upon enquiry) |
| Unit Pricing | Pay-as-you-go | Serviced land from ₦18M |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels11 records
Veritasi Homes product offering
Product offeringCore offering
Veritasi Homes is a full-service Nigerian real estate development company that develops, markets, and sells residential properties across the affordable, mid-range, and luxury segments. It also provides real estate advisory services and operates a partner referral program (Veri-Affiliate), with a portfolio spanning landed housing, apartments, towers, and serviced plots in Lagos and Abuja.
Product overview
Veritasi Homes is a full-service real estate development company providing marketing, advisory and developmental services across the entire real estate value chain in Nigeria and across Africa. The company operates a portfolio of residential developments spanning multiple market segments: luxury (Oyster Towers in Eko Atlantic, Allied Towers in Ikoyi, Malibu Hills in Abuja, Tinuola Towers on Banana Island), mid-range (Camberwall Advantage series in Lekki), and affordable housing (Aramide in Ibeju-Lekki, Camberwall Court in Abijo). The company also offers land (Itunu Hills) and operates a Veri-Affiliate partner program. Eystone Development serves as a sister company focused on mass-market affordable housing. All developments range from completed projects to those under construction with delivery dates through 2029.
Differentiator
Problem solved
Functional benefit
Brands
- Veri-Affiliate: Affiliate marketing initiative allowing partners to monetize their network and earn commissions on property sales. Features include flexible scheduling, incentive packages (trips, gift vouchers, cars), training and development events, and networking opportunities.
Products and services
- Oyster Towers A 21-storey luxury residential development in the Kuramo Waterfront (KWF) district of Eko Atlantic City, offering 1-3 bedroom units (minimum 99 sqm) with three-sided views of the city, waterfront, and horizon. Amenities include arcade/game room, car wash area, EV charging stations, restaurant, and tennis court.
- Allied Towers An 11-floor luxury residential development in Ikoyi, Lagos, offering 26 premium apartments and penthouses with modern amenities including a gym and recreational floor. Launched in partnership with COOPLAG.
- Malibu Hills A private luxury estate in Asokoro, Abuja comprising hillside villas, sky view apartments, and duplex penthouses with private decks capturing sweeping views of the hills, sunrise, and sunset. Starting price NGN 400,000,000.
- Tinuola Towers A 15-floor luxurious highrise on Banana Island, Lagos featuring 34 Limited Edition Apartments including 4 Penthouses with amenities including cinema, hall gym, kids play area, salon, spa, and sauna.
- Aramide Affordable 3-bedroom bungalows in Aiyetoro, Ibeju-Lekki, Lagos, featuring eco-conscious finishes, open-plan layouts, solar panels for energy independence, and modern communal amenities including tennis courts and green spaces. Starting price NGN 75,000,000.
- Camberwall Advantage 1 & 2 An upscale real estate development project in Ikate Lekki comprising apartments and units with 3 floors, 2-4 bedrooms, 24-hour power, access card, ample parking, club house, elevator, gym, high-speed internet, home automation, play area, surveillance, and swimming pool. Sales closed.
- Camberwall Advantage 3 A luxury development project in Ikate Lekki consisting of apartments and maisonettes with improved functionality, sufficient space, privacy, exclusive amenities, smart home automation, and beautiful finishings. Sold out.
- Camberwall Advantage 5 An upscale development featuring deluxe terraces in Lekki Phase 1, off Freedom Way, Lagos, with clubhouse featuring gym, spa, and swimming pool. Sales closed.
- Camberwall Advantage 5 Annex Extension of Camberwall Advantage 5 comprising deluxe 2 Bedroom Apartments and 3 Bedroom penthouses (inclusive of BQ) located Off Freedom Way, Lekki Phase 1, with gym, spa, and swimming pool amenities. Starting price NGN 200,000,000.
- Camberwall Court I & II Urban apartment development in Abijo GRA along the Lekki-Epe Expressway with splendid layout, visitors park, smart card access, renewable energy and surveillance. Completed Q1 2024 with 1-4 bedroom units.
- Itunu Hills Land development opportunity in Idera, Eleko, Ibeju-Lekki's prime growth axis, offering peace, space, and nature while maintaining proximity to urban amenities. Starting price NGN 18,000,000 per plot.
- Veri-Affiliate Program An affiliate initiative that allows partners (realtors and professionals) to monetize their network by marketing Veritasi properties, earning commissions on every sale. Features include flexible scheduling, incentive packages (trips, gift vouchers, cars) for hitting targets, training events, and networking community access.
- Real Estate Advisory Services Advisory services provided across the real estate value chain, complementing the company's core property development operations.
Quantifiable outcome
- Over 1,000 homes delivered across 12 landmark projects in 7 years
- +6 more outcomes
Companies that use Veritasi Homes
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Veritasi Homes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Veritasi Homes partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major and core.
- Kodai Construction CompanymajorKodai Construction Company is the technical partner responsible for constructing Oyster Towers, a 21-storey luxury development at the Kuramo Waterfront district in Eko Atlantic City. The partnership was formalized at a groundbreaking ceremony attended by the Lagos State Governor, with a 36-month delivery timeline for the project.
- COOPLAGcoreCOOPLAG (Shell Nigeria Exploration and Production Company Cooperative Society) partnered with Veritasi Homes on Allied Towers, an 11-floor luxury residential development in Ikoyi, Lagos, launched in late 2025. COOPLAG also attended the Oyster Towers groundbreaking ceremony in full executive force, with its President present at the event. COOPLAG represents a significant institutional partnership for joint property development in Nigeria's premium residential segment.
- Eko Atlantic CitymajorVeritasi Homes is developing Oyster Towers within the Eko Atlantic City coastal development, one of West Africa's most ambitious urban projects. The Kuramo Waterfront district provides a strategic location for the development, with Veritasi operating as a property developer within the Eko Atlantic masterplan.
- Eystone DevelopmentcoreEystone Development is a sister company created by Veritasi Homes to meet the needs of mass-market clients and investors seeking low-cost homes. It was created as Veritasi upscaled to premium developments, ensuring the original commitment to affordable housing continues through a dedicated vehicle. Eystone offers flexible payment options and is solely committed to low-cost housing development across Nigeria.
- Veri-Affiliate Sales PartnersmajorThe Veri-Affiliate program recruits independent sales partners (realtors and professionals from diverse industries) who earn commission on every property sale they refer. Partners benefit from no day-to-day obligations, flexible scheduling, full commissions without side affiliates, and access to training, development events, and networking communities. The program forms the backbone of Veritasi's channel sales motion.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Veritasi Homes competitors and assessment
Company assessmentDirect peers
- Mixta Africa: Pan-African residential developer focused on affordable and middle-income housing across Nigeria and other African markets. Directly comparable to Veritasi + Eystone in segment and product type, and competes for the same mass-market buyers.
- Craneburg Construction: Nigerian real estate and construction company developing premium residential and mixed-use projects in Lagos. Comparable to Veritasi's luxury segment (Oyster Towers, Tinuola Towers) in scale and target customer profile.
- LandWey Investment Limited: Lagos-based residential developer with planned communities and luxury estates targeting middle-to-high-net-worth buyers. Comparable portfolio strategy and geographic footprint to Veritasi's Lagos developments.
- Sujimoto Construction: Luxury Nigerian developer behind high-end towers and residences in Ikoyi and Banana Island. Directly competes with Veritasi's ultra-luxury segment including Tinuola Towers on Banana Island.
- RevolutionPlus Property Development Company: Nigerian property developer offering residential projects across multiple price tiers in Lagos and Abuja. Comparable in portfolio breadth, geographic focus, and target buyer segments to Veritasi Homes.
- Imperial Homes Limited: Nigerian residential real estate developer active in Lagos, targeting mid-to-high-end buyers. Competes with Veritasi's Camberwall Advantage and similar mid-range developments.
Emerging players
- Eystone Development: Sister company to Veritasi Homes focused exclusively on low-cost housing across Nigeria. Sister entity rather than competitor, but illustrative of the affordable segment Veritasi/Eystone serves against other low-cost developers.
Others
- Eko Atlantic City: Master developer of the Eko Atlantic coastal city where Veritasi is developing Oyster Towers. Functions as an infrastructure/ecosystem partner and location comparability for premium coastal Lagos projects.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Veritasi Homes social profiles
Digital presenceVeritasi Homes compliance and trust
Trust signalCompliance2 records
Veritasi Homes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veritasi Homes leadership team
Management profileNumber of profiles
Profiles8 records
Veritasi Homes subsidiaries and ownership
Company hierarchySubsidiaries1 record
Veritasi Homes funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veritasi Homes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veritasi Homes
What does Veritasi Homes do?
Veritasi Homes is a full-service Nigerian real estate development company that develops, markets, and sells residential properties across the affordable, mid-range, and luxury segments. It also provides real estate advisory services and operates a partner referral program (Veri-Affiliate), with a portfolio spanning landed housing, apartments, towers, and serviced plots in Lagos and Abuja.
Is Veritasi Homes a public or private company?
Veritasi Homes is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Veritasi Homes founded?
Veritasi Homes was founded in 2019. It employs 11 to 50 people.
Where is Veritasi Homes based?
Veritasi Homes is headquartered in Lagos, Nigeria, in the Africa region.
How does Veritasi Homes make money?
Four revenue lines are on record. Property Sales (Off-Plan and Completed) is the primary driver. The others are land Sales, veri-Affiliate Referral Commissions and real Estate Advisory Services.
Who are Veritasi Homes's main competitors?
Direct peers on record are Mixta Africa, Craneburg Construction, LandWey Investment Limited, Sujimoto Construction, RevolutionPlus Property Development Company and Imperial Homes Limited. Eystone Development is listed as an emerging player. Eko Atlantic City is listed as an others.
Does Veritasi Homes have an API?
No public API is recorded for Veritasi Homes.
What industry is Veritasi Homes in?
Veritasi Homes's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 6552.