These practices, he said, were currently being carried out in violation of the Lagos State Real Estate Transaction Law.
He said, “The ministry will refund such allottees and reallocate the housing units to other residents who are ready to put the houses to use immediately.”
According to him, the commitment is evident in the ongoing LagosHOMS project.
Mr Akinderu-Fatai said the estate was part of the state government’s efforts to provide affordable and quality housing for Lagos residents.
The Lagos State government has reiterated its commitment to launching the monthly rental scheme.
Mr Akinderu-Fatai said the price fluctuations due to forex and the rising cost of building materials would be resolved.
The estates are in Gbagada, Odo-Onosa Ayandelu and Agbowa and would be inaugurated on Thursday.
