Veritasi Homes

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.

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

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

• Residential property development
• Luxury real estate
• Affordable housing
• Real estate advisory
• Property marketing

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. 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.
2. Land Sales: The company sells serviced land plots, such as Itunu Hills in Idera, Eleko, Ibeju-Lekki at ₦18,000,000 per plot.
3. 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.
4. Real Estate Advisory Services: Veritasi provides advisory services across the real estate value chain, contributing to revenue alongside its development operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels11 records

Core 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

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered major and core.

• Kodai Construction CompanymajorImplementation/ SI/ Consulting Partner · 1 January 2026Kodai 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.
• COOPLAGcoreStrategic or Co-development Partner · 1 January 2025COOPLAG (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 CitymajorStrategic or Co-development Partner · 1 January 2025Veritasi 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 DevelopmentcoreStrategic or Co-development Partner · 1 January 2023Eystone 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 PartnersmajorChannel Partner/ Reseller/ Distributor · 1 January 2022The 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

Direct 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

• Xx.com/VeritasiHomes
• YouTubeyoutube.com/@VeritasiHomes
• Facebookfacebook.com/veritasihomes
• LinkedInlinkedin.com/company/veritasihomes
• Instagraminstagram.com/veritasihomes

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veritasi Homes