THE National Social Security Authority (NSSA) will spend $9 million to service 1 500 high-density stands under the second phase of Glaudina Housing Estate. The project will start by the first quarter of next year.
VICTORIA MTOMBA BUSINESS REPORTER
The first phase of the project has been completed and 467 housing stands were serviced.
“Work on the second phase of the Glaudina Housing project, which should see 1 500 high-density housing stands being serviced, is due to start in the first quarter of next year. It is expected to have cost $9 million when completed,” NSSA said.
The authority said of the total 467 housing stands under phase one, 394 were medium-density with the remainder (73) high-density stands.
A total of $6 million was spent on the first phase of the housing estate along the Harare-Bulawayo Road.
The estate has eight commercial stands, schools, a church and a civic centre. The size of the residential stands at Glaudina ranges from 300 square metres to 1 200 square metres.
Developments at the housing estate began in 2006, but were stopped when the country went through a tough time in 2008.
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NSSA has been participating in housing schemes and in 2001 it became directly involved in the purchasing and servicing and sale of housing stands.
NSSA is participating on the $7 million Masvingo Runyararo Housing Development projects that will see 663 housing stands being developed in the areas. The authority is also working on the construction of the multi-storey Ximex Mall at a cost of $16 million.
The construction is expected to take at least two years.
It completed the Beitbridge Hotel construction this year and handed it over to the Rainbow Tourism Group. The hotel is now operational.
During 2008 when the country experienced economic decline and a hyperinflationary period NSSA suspended some of its development projects that included Glaudina Estate, Marondera (Rusike) Housing Project, and the Bindura Commercial Centre.
NSSA also suspended refurbishment of its NSSA House in Bulawayo, and Beitbridge Hotel.
The country has an estimated housing backlog of 1,5 million of which more than half is in Harare.
